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18 October 2024 | 4 replies
TL;DR* Aggressively pushing 'maintenance' and for the most part for things not requiring any maintenance* In-house maintenance rates are eye-watering, way higher than what you'd see in even most expensive markets* Maintenance does not require owner's approval - RL reserves decision what to do when, cheaper plans have higher limits and all are at RL's discretion * Refuses to manage in many parts of townLonger versionSigned up for their service after a few conversations over the phone - owner stressed investor-friendly approach.
17 October 2024 | 2 replies
.), existing site conditions (high ground water, site topography, existing soil types and soil environmental concerns, etc.), the location, depth, and capacity of utilities to service the site - including public utilities (sanitary, storm and water services), franchised utilities (power, gas, cable), capacity of the local streets to accommodate additional traffic from your development...Be sure to find out if there are any specific local ordinances you need to satisfy (possible tree & wetland surveys, together with any necessary tree & landscape or wetland mitigation plans) and whether there are any concerns from municipal departments (e.g. hydrant locations from the fire department, storm inlet and retention requirements, as well as asphalt / concrete road requirements from the engineer), entrance requirements from the road commission (left turn and passing lanes at the site entrance), etc.Once you get past all this you can finally prepare a preliminary site plan and enter the political arena to get preliminary site plan approval, and to address any concessions the board and neighbors want from you to overcome their objections to your development.
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16 October 2024 | 4 replies
However after being directed to Metro Water, They mention that the nearest services, are a 1000 ft away.
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19 October 2024 | 15 replies
Like Martin mentioned, I can buy my own property in other foreign countries and make significantly higher returns (which, incidentally, is what I've been doing).So with the same amount of money that I could invest in a shared villa, I do more profitable investments, make more money and then buy my own property in Costa Rica with the extra money I'll have made and it can be a pure lifestyle purchase.This being said, if you put together a group of like-minded people who can put some money aside, decide to purchase a property together, don't really care about the return and love Costa Rica (otherwise you could do the same somewhere else), I agree that what you do can be a lot of fun!
18 October 2024 | 34 replies
Under the $100k property example, something as common as having to replace the sewer line will put you under water and you are more likely to have to come out of you personal reserves to cover operational/cap ex expenses or debt service than in my $6M loan example.Remember cap ex and operations are normally more easily absorbed in the A location assets.
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15 October 2024 | 3 replies
On a pure investment scale a mid term or short term in the midwest (omaha, KC, etc..) may net you better returns.
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15 October 2024 | 14 replies
The only nonrecourse loans out there are pure commercial, which carry a higher rate than DSCR.
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15 October 2024 | 5 replies
Regarding your 2nd floor kitchen faucet that is experiencing low water pressure, it's likely a simple fix such as the faucet aerator (a screen that helps create a smooth stream of water).
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14 October 2024 | 8 replies
One they fixed (AC not working), the other they got to a barely acceptable state (hot water and pressure).My favorite part related to the conference was on shuttle to the airport.
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16 October 2024 | 8 replies
Most of the properties I bought are in the "high end of the low end" range, and none are on or near the water, which helped a lot.