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22 February 2025 | 23 replies
My agreement with the old PM outlines the process for terminating the relationship based on written notice.
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19 January 2025 | 6 replies
I mainly want to ask if these assumptions are reasonable and if there's anything I haven't considered:(1) multifamily units in NJ close to New York City, ~$1,000,000, 20% down payment, (2) Using the following assumptions: 4% appreciation rate, 6.5% interest rate and 5.0% refinance after 5 years, $10,000 yearly maintenance fee(3) ~$6,000 monthly rental and assume 3% increase yearly with 5% vacancy rate(4) Based on the above, the calculated IRR if selling at the 10th year is ~19% (considering tax benefits) and ~17% (without tax benefits).
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24 January 2025 | 1 reply
Every year realtor.com releases a Top Housing Markets report based on anticipated sales growth (inventory) and price growth (appreciation).
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30 January 2025 | 10 replies
To improve your approval chances, use rental income from your first property, consider co-signers, and explore lenders that use Income-Based Repayment (IBR) for student loans.
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19 January 2025 | 8 replies
On the surface, the deal seems appealing, but there's a catch: the asking price is $475,000, which is about 18% over the market value (based on comps and DealCheck estimates around $402,000).Details of the DealProperty: Duplex, 2,400 sq. ft., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
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18 January 2025 | 17 replies
Based on some of the research done, I am inclined towards starting out with a small multi family investment property (2-4 multi family home).
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14 January 2025 | 9 replies
He will be taking a leave of absence for the year.Given the unforeseen nature of his health condition we would appreciate your assistance and consideration in addressing this situation.
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22 January 2025 | 14 replies
Our PM company signs various ones for both our residential and commercial landlords with similar language and base pricing.
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20 January 2025 | 1 reply
Short of that, you may target employees of Canada-based companies with a presence in KC (this is easy to find on LinkedIn).
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21 January 2025 | 5 replies
Hey @Rio Nance you’re casting a pretty wide net with your question, since it's not specific to an area or city, but I’ll share based on what I'm seeing.