15 November 2020 | 10 replies
If you're going to use a PM for construction management and obtain bids from his/her contractors, I suggest obtaining independent bids from contractors of your choosing to ensure proposals obtained by the PM are aligned with market rates.
8 November 2020 | 0 replies
I'm curious to hear how some people may have purchased a property with some sort of seller financing component?
13 November 2020 | 19 replies
Remember, if someone makes money from selling you a product, their incentives and yours have already diverged and they need to prove to you they have done other things to make them align.
11 November 2020 | 4 replies
Properties are depreciated on the MACRS (The Modified Accelerated Cost Recovery System), which defines building and structural components of a residential (including multifamily) property on a 27.5 year schedule.
25 November 2020 | 18 replies
Overall look at metrics and align yourself with a city that meets your investing criteria.For myself I want appreciation & cash flow, Columbus has both!
12 November 2020 | 26 replies
After doing our initial research we used the 70% rule which has the main component of estimating the repair values.
13 November 2020 | 13 replies
I also explain to her when I have to spend a bit more time on work (ie. vacancy that needs to be filled, or about to purchase a new property).Align your goals with your family and getting their input will also help make them feel a part of the decision making process and not that you decided to spend X amount of hours per week doing more work and taking away from family time without their thoughts being considered.
12 November 2020 | 2 replies
For townhouse style condominiums, each townhouse is considered as one Structure, provided each unit is separated by a one and one-half hour firewall from foundation to roof;a Site Condominium unit;Manufactured Housing where the rehabilitation does not affect the structural components of the Structure thatwere designed and constructed in conformance with the Federal Manufactured Home Construction and Safety Standards and must comply with all other requirements for Manufactured Housing;a Mixed Use Property with one- to four-residential units, provided:51 percent of the Gross Building Area (GBA) is for residential use; andcommercial use will not affect the health and safety of the occupants of the residential Property; anda HUD Real Estate Owned (REO) Property:the Property is identified as eligible for 203(k) financing as evidenced in the sales contract or addendum.
16 November 2020 | 4 replies
The Austin manufacturing facility will produce fluid control components for the semiconductor industry.https://www.kvue.com/article/money/economy/boomtown-2040/jobs-austin-texas-ckd-corporation-tech-production-site/269-07ab6830-a94d-40ee-8692-0a1debec5dc4
17 January 2017 | 1 reply
Before developing a rehab checklist highlighting my costs for materials and my costs for labor on the 20 major components of a rehab I would contact a contractor on Craigslist or when driving for dollars and tell them this- "Hi my name Jose and I wholesale distress property.