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12 July 2024 | 17 replies
This is dependent on the city's long-term economic growth.Natural disaster risk: Certain locations are more prone to natural disasters, such as hurricanes, tornadoes, earthquakes, fires, and floods.
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12 July 2024 | 16 replies
I understand the capital region, the Adirondack region, and Western New York (Rochester and Buffalo) have their strengths and weaknesses, but I'm going to focus on this central part of the state.Binghamton is my favorite investment market for a few reasons, but it's not for everyone.STRENGTHS- low prices- blue collar overall, meaning lots of resources for contractors- growing university, consistently growing rents- I expect to see an actual 10% cap rate here, higher if the property needs work- compared to downstate, permitting, evictions, etc. are simple and quick- no code compliance inspections required on existing multifamiliesWEAKNESSES- no. natural. appreciation.
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11 July 2024 | 6 replies
Natural disasters, higher construction costs, and a competitive insurance market are driving these increases.Review your current policy to ensure you’re properly covered without overpaying for unnecessary coverages.
10 July 2024 | 4 replies
(e.g. condition, location, size)2) The marketing / sales procedures are inadequate (e.g. no advertising, unresponsive manager)3) The asking rent is too highThe reasons a house won't sell quickly are similar.
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12 July 2024 | 34 replies
A better approach might be to follow proper procedures to address the AC issue and potentially evict for breach of lease later if necessary.
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9 July 2024 | 4 replies
I suggest you let the settlement agent know about the letter and submit a claim to your title insurer using the procedure listed in your policy.
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10 July 2024 | 8 replies
depending on the size of your complex and location you will have to get a permit from you state Department of Natural resources.
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10 July 2024 | 0 replies
One of the principal industry concerns about the vast power granted to the Consumer Financial Protection Bureau was that these powers were too insulated from review….The ruling sends a crystal-clear message to federal agencies that their powers are not unlimited…We would not be at this point today if government agencies were more prudent and consistent about staying within their statutory authorities, grounding their rulemakings in empirical facts, and heeding appropriate procedural safeguards…Instead, too frequently, our regulators appear to be chasing headlines and short-term political wins.”National Association of Homebuilders - “Today’s Supreme Court ruling is an important step forward to advance meaningful regulatory reform because it means that federal agencies can no longer continuously change the law – and the intent of Congress – by implementing their own interpretation of statutes as long as the interpretation is viewed as being ‘reasonable.’
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11 July 2024 | 6 replies
Naturally if you have more mortgages in your name that will affect your DTI (debt to income ratio) and ability to obtain more loans/mortgages in the future.
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10 July 2024 | 35 replies
I'm sure every other state has specific procedures that would need to be checked with in advance with the firm calling out the properties.