Well I thought of a good name for your venture: Prestige international

Home plumbing repair must be good

Know a lady that just paid $1500 to have a kitchen faucet and water heater replaced.

Imo,,, and seeing what was done and time spent . He made $900 labor .

I could have replaced the water heater in 45 minutes with parts in hand

Did she supply the water heater and faucet?

Onlyfans has to be the saddest thing I’ve ever seen…I mean damn…who?

Laying hens.

Take out his expenses, Truck, Tools, Truck Insurance, License, Fuel, Workers Comp, Taxes, Office Overhead, Advertising, Etc, Etc, Etc. Hopefully he cleared enough to cover those expenses, and pay himself enough to keep health insurance on his family buy groceries, and put a little away for retirement.

Appliance repair. Our dryer quit heating. Called an appliance store; we don’t have a service guy . What ? Is there someone you recommend ? Gave me 2,names . First guy won’t travel more than 20 miles from his shop . I live about 25 . Second guy is on a service call 3-4 miles from my house . I’ll be there as quick as I finish this job . I can’t be this lucky ! He arrived shortly and I wasn’t sure if he was going to make it in my house . I’m 66 and feel 90 so I asked the fellow, how old are you ? I’ll soon be 70 he replied. Got her fixed and wasn’t too expensive. We need repair men !

Still to damn much for 2 1/2 hours work

A lot more time went into that than the 2.5 hrs you perceive. I’d guess the majority of folks don’t understand what goes into running a business behind the scenes much less the cost associated with it . He’s not getting rich.

I used do that work ever day . His making a good living or should be. I used to work as a maintenance man at a apartment complex.

I come across deals periodically. I recently had 9 properties we inspected for a potential buyer. Package deal of 10 properties. Never got a chance to inspect the 10th. They couldn't get right on price I guess. Those are still available in the Birmingham Eastlake area. I could hook you up with the owner if he hasn't sold them yet. PM me if you'd like.

People will always need housing. Real Estate is bad when you buy wrong, spend too much, and are over leveraged. Real Estate is awesome when you buy right, spend right, and don't get over leveraged.

I've got 1 house under contract and waiting to close and another one hopefully under contract by Thursday. All off-market opportunities. I'm in at under 50% of ARV.

Do you normally buy to flip or turn into rentals? On this particular deal, what is the ARV and how much do you expect to spend on it to get it to whatever condition you desire?

Op or anyone else.
If you are buying an established company, what is max break even period are you comfortable with?

House 1: ARV 85K. Purchase at $38,100, Rehab at $15,000. All cosmetic work, nothing structural needed. It's trashed though. All in at 53K plus closing costs and insurance. Plan is to flip, but the secondary exit strategy is for a rental. Rent is $850-900 range. It's a small deal, so nothing impressive on profits. Net should be $15-20k if everything works perfectly. If not, then making an extra 5-10k for some cosmetic upgrades is still profit. 4 weeks max doing a couple hours a day.

House 2: Numbers aren't going to work for me. Deal is too skinny on margins. Perfect for someone to have as their own fixer upper to live in. But not for actually making a profit with manageable risks.
So not following through with going under contract.

I usually only buy small multifamily for my rental properties. If I take on a single family house it's typically a flip. Profits fund buying rentals or other joint ventures/syndication on larger apartment complexes.

I am strongly considering building some of these on a corner of some land I have on a major highway between 2 towns. My plan would be to not have them climate controlled and just have a chain-link fence around them with some cameras. Does anyone on here have any experience with storage units? Do the non-climate-controlled ones still rent out pretty well?

There is a lot of variation in Real Estate... there is certainly money in becoming a slum lord if that's what you want to do, however that's a full time job to manage IMO. I know a guy that makes bout $30k per month @ approx $350 per unit. He works his but off that's for sure and spends his days fixing broke stuff and dealing with a class of people I don't care to deal with. Owns a Laundromat and I'm sure cheats on the taxes as well.

That's certainly one way to do it. He just has a hard time leaving town and can't rest.... he gets calls day and night. He could hire someone to do the maintenance, rent an office and hire someone to answer the phone but realistically that's going to cut his profit to where the hassle of that gig doesn't look so great


.I have built several storage unit facilities. Honestly.... if they are in a good location they stay rented. The key there is finding the dirt for one and making it easily accessible. Having someone on-site is pretty easy. I particularly am liking the ones with a strip of shotgun offices/roll up doors for people that have web based businesses. Those are in high demand IMO. Always about location though. If you could get a few leases pre-construction on some incorporated office/business fronts that would sweeten the project.

There is opportunity in converting office to residential rental or condo. Office will be in the toilet for the foreseeable future. Key there is going to be in how convertible the existing building is.

Coffee shops. My neighbor makes a killing at his business. We have some small coffee shops here that are always busy just on the side of a busy road/hwy in a small "shack" maybe 8x12 or similar

No clue about the profits but I do know there's a lot of theft at some of those places. I'm guessing the owners insurance is liable but not sure.

Just short BBBY, you can double your money in the next few weeks. The stock will be delisted and all of the meme nerds will be scrambling to sell before it goes to zero. Probably the same for GME and AMC.