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25 October 2024 | 7 replies
Unfortunately, If there are no other verifiable facts to support a better value, than it is usually futile to appeal based on opinion and/or interpretable characteristics alone (i.e. the Subject is in superior condition to this comp and therefore, it should be valued higher, etc.).
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28 October 2024 | 23 replies
They sucked frankly and it conditions the agent to act like a monkey for people instead of acting like a confident realtor who knows their value.
26 October 2024 | 6 replies
SFR - Low cap rate (3% or so) Multi-Units - 10% Cap Rate, but poor condition*Multi-Units - Low CAP rate, tenant occupied*I understand my options for fixing things up at a property, but here are the issues I am running into..
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23 October 2024 | 4 replies
Sure, you can get a conditional approval very easily, but satisfying all the conditions the lender and/or investor has required often can be difficult if not impossible.
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25 October 2024 | 1 reply
Regardless of the unit count the property condition is critical.
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23 October 2024 | 14 replies
The house is in good condition, and the rehab cost will probably be around 40-50k.
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23 October 2024 | 10 replies
@Kamryn DeVaultTo invest in a duplex, consider factors like neighborhood quality, economic stability, safety, property condition, cash flow potential, financing options, tenant screening, lease agreements, future potential, legal and zoning considerations, maintenance and management, networking, and starting small and scaling.
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28 October 2024 | 23 replies
I'm currently in the process of closing my first primary residence deal in NYC, and I would like to ask for a piece of advice to the community.The current tenant of the Seller failed to move out by the closing date and the Seller decided to take a legal vacating process.Background- The current tenant of the Seller failed to move out by the closing date and I heard the tenant is avoiding direct communications with the Seller- Not sure from my end if the tenant is willing to moving out but struggling, or maliciously squatting- I have a vacancy contingency in the contract, thus I can back out at my discretion due to this issue, but currently there is no other properties that I want to move on to due to the market condition- The Seller is trying to take a legal action but it will at least take 3 months or longer, no promise to succeedAdvice to ask- My attorney could not negotiate to ask for a penalty for this delay because the penalty for delay was not included in the contract.
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23 October 2024 | 15 replies
Valuation of the asset condition is even more important than calculating returns because your calculation of returns comes after asset condition valuation.
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24 October 2024 | 3 replies
What condition is it in?