All Forum Posts by: Account Closed

that's only a question you can answer.. but in the meantime I would get more info on the crime in the area.  Did you speak with property managers at neighboring properties?  Did you go the police station and ask the cops?  you'll get a much better picture of the real crime in the area.

btw.. I have found that crime stats posted on the internet sites that MF investors use is often wrong.. as in dead wrong.  literally.  so you need more boots on the ground intel.

never confuse a bull market for competence

thanks James,

you just reminded me that concessions from cable is another area.

coin operated machines.. that's something I imagine you would contract out rather than deal with the management/maintenance hassles.

Hi.. I'm currently evaluating value add MF deals in Texas

based on what I can glean from my limited experience, sources of upside include:

1. class c property with below market rents - potential to upgrade units and improve efficiencies to get to market rents

2.  Bill back utilities, pest control, water etc.

3.  background checks, credit checks on lease renewals if not done by previous owner to reduce economic loss.

Would you agree or are there any others you would add?