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I plan to self management. I am not looking for a flip, more so multiple rental property that can gross me steady income. I'll look into bigger pockets
I plan to self management. I am not looking for a flip, more so multiple rental property that can gross me steady income. I'll look into bigger pockets
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Any advice on hiring an architect? I'm looking for one in the bay if anyone knows of one.
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Dufus *** appraiser they sent out appraised it for less than anticipated.
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By how much?
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That sucks. Same thing happened to a listing my business partner had in escrow. Appraisal came in wayyyyyy too low and killed the deal. We sold one of our projects within a mile of the listing and that appraised for full ask no problem. SMFH at these rookie appraisers.
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About 11 thousand. 165 is what I paid, even 2 yrs or so ago when I was on and off the market it appraised the same. And his dumbass broke my sink.
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damn big baller alert! building a custom home from the ground up in the bay area?? sorry mr millionaire.
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Haha thanks! We actually just signed today, price is about 500k with options. Delivery date is late December and we can't wait! The metro will be built a mile away by 2019. Hoping to make some gains!! Pictures are from the model home
congrats fam! i saw your posts on IG. its such a big accomplishment to purchase a home so i had to reach out and give mad props. esp in the $500K range, thats not chump change! very exciting times!
Assuming this is long term home or are you gonna jump ship as soon as you see gains?
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[emoji]128514[/emoji] I wish! I'm just trying to add bedroom and bathroom in my downstairs. I need to lower my foundation to get more ceiling height. Been told I need to talk to a architect and an engineer.
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Can anyone point me in the right direction if I want to start investing in real estate? I'm looking to make money buying and selling.
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The bigger pockets website and podcast is a treasure trove, you will find alot if not all the information you need.
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Thanks man, I appreciate it! Your new house is insane, congrads on that brother!
My plan is rent it out once I buy an other property. That should be a while though lol.
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posting for later. Good thread guys!
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That's a fact... but as a neighbor told me... people don't buy these houses to flip, THEY DIE IN THEM... so no is even budging over here.. smh.
But but but someone who house was clocked at 700K on zillow sold his for 1.2M +... sooooooo, it's looking good over here..
Flatbush, Brooklyn....
Brooklyn college area
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Finally closed escrow on my last project. Here is the before and after pics. Purchase price was $488k and sold for $750k.
Got 3 projects going right now and pushing to get all 3 on the market next month. The 2 projects should've been done by now but there were tenants in place and it was such a headache to deal with. I don't think I could buy another house with a tenant in place. Smfh.
Got 3 projects going right now and pushing to get all 3 on the market next month. The 2 projects should've been done by now but there were tenants in place and it was such a headache to deal with. I don't think I could buy another house with a tenant in place. Smfh.
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I like that! Can you estimate how much you spent to renovate? I'm assuming your margins were still very high. That is amazing man, show me the way... lol
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Anyone read up on this?
http://wtop.com/money/2016/11/potential-buyers-camp-out-for-chance-at-multimillion-dollar-dc-condos/
camping out for condos in DC
http://wtop.com/money/2016/11/potential-buyers-camp-out-for-chance-at-multimillion-dollar-dc-condos/
camping out for condos in DC
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Remodel costs was $149k. The property had foundation issues that we had to fix and due to the neighborhood, we used high end materials, appliances, etc... Minus 2.5% commissions, the profit was $93,275.
Los Angeles
formerly bright nikes
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For people who live in expensive cities, have you guys thought about buying a duplex with a livable basement and just living in the basement while renting out the 2 units ?
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My friend is thinking about doing this with her next property in DC.
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I wish I would of thought about it when I was younger. The crib we just bought is perfectly set up for it. We have an outside entrance to the basement,laundry down there,access to the garage, and a big 700 sq foot open space in the back.
I'm telling a friend to do it since its just him & his girl. It's a lot harder to do once you start having kids.
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Yeah house hacking is great. Looking to get a 3-4 unit in DC and live in one unit and rent out the others.
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This is how I started my real estate career last year (minus the basement). Got a 2bd/1ba, 2bd/1ba duplex, live in one , with a roommate. Rent out the other unit. Live almost for free, got my second rental property this year, shopping for another one now.
