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17 October 2024 | 14 replies
Insurance rates in Florida have been impacted by back-to-back hurricanes, but from what I've seen on the ground, the bigger issue stems from something deeper.
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17 October 2024 | 16 replies
If you get a loan application like that and they tell you your interest rate or leverage will be based on the answers expect the loan administration to also be robotic which is often adverse to your objective as a borrower.
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20 October 2024 | 8 replies
.### Final Thoughts:- Consider a modest but impactful price drop to $235,000, which is closer to your minimum acceptable price, and simultaneously address any concerns buyers might have by being proactive with inspections and disclosures (mold, cesspool). - Don’t hesitate to tweak your marketing strategy or even target alternative buyer groups like cash buyers or investors looking for vacation rentals. - If you don’t get significant movement within the next few weeks, preparing for a rental strategy might be the safest way to avoid holding onto the property through winter at a loss.
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16 October 2024 | 2 replies
Evacuation plans and emergency supplies are critical right now as the storm’s potential impact could be devastating.That is it for this month!
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16 October 2024 | 1 reply
I had one particular vendor with high standards that would exaggerate anything he found.My rule of thumb: people can live how they want to live as long as they are not 1. damaging the property2. living in filth that attracts pests3. impacting the neighbors (e.g. odors, junk detracting from the neighborhood, etc)4. creating an unsafe situation (e.g. hoarding and rescue workers can't access the home)When I visit a property, I document any issues and talk to the tenant.
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16 October 2024 | 22 replies
@Devin JamesRemember mortgage rates are notDirectly tied to the fed rate they are tied to the 10 year treasury which fed rate has some impact but also a lot Of other factors as well
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14 October 2024 | 6 replies
Due to his background, he is very risk adverse, so he continues to float in the areas where they is little to no risk: study more, attend a meet-up, post on forums.So what can you do?
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15 October 2024 | 3 replies
Additionally, the Missional team has committed more than $500,000 of our own capital into the fund, aligning our interests with our investors’.This win marks another step in our mission to deliver stable, long-term real estate investments while making a positive impact.
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17 October 2024 | 26 replies
As well as Sellers simply are not informed of the risk of devastating impacts to their credit scores and what equity they may have had in the property if the transaction fails.For a well capitalized Investor and or company and a fully informed seller these can be structured as you note with a Wrap that keeps the seller with some control or ability to get the property back.
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16 October 2024 | 8 replies
The long-term impact won't be known for a while as investors, homeowners, insurance companies, and the like make changes in the coming months and years.I believe that the Tampa Bay Area will continue to be a good market overall as the foundations are solid.