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15 October 2024 | 1 reply
And the market conditions are unwelcoming (physically distressed inventory, difficulties with Ogden City, and poor tenant pool).
18 October 2024 | 34 replies
Are the rental properties located in an area where there is no risk of extended periods of vacancy or large rent decreases during all economic conditions?
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15 October 2024 | 5 replies
.- **Market Conditions**: Check the local rental market to see if $1450 is competitive and if there's a high demand for rentals in your area.- **Long-term Goals**: Think about your long-term investment strategy.
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14 October 2024 | 1 reply
I know I speak for the group in thanking him for the extended time and sharing his insights on the various markets and current conditions of a few select markets that were inquired about.
15 October 2024 | 8 replies
--- The property is not in showable condition, so no one will want to apply.--- The tenants just won't cooperate:Yes, you can try to get in with a Legal Entry, but then they can easily sabotage the showing by:----- Being rude----- Keeping the house dirty (or worse)----- They can keep an aggressive dog in the house when they are not there----- They can deliberately leave an unattended minor alone in the houseYour current PMC should be taking the time to address and explain all this to you!
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15 October 2024 | 5 replies
@Lake BradfordTo decide whether to buy real estate in Atlanta, consider factors such as financial readiness, housing market conditions, long-term goals, renting, and equity building.
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15 October 2024 | 6 replies
The seller has countered with the following conditions:- Loan to value (LTV): 80%- Earnest money held by seller's recommended property management company- Final inspection within 1 day of closing- Commission paid by to buyer's agent is 2% of final sales price.I'm seeking advice on how to proceed, as I have some concerns:- Why would the seller request an 80% LTV?
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16 October 2024 | 13 replies
@Ari Lagunas I would chose the 95% OO loan over the higher FHA LTV due to fha sustainability rules (applies for more than 2 units), fha stringent criteria regarding condition, and fha rules regarding PMI.
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16 October 2024 | 10 replies
You may also want to consider reaching out to a real estate agent who works with investors—they can advise whether selling as-is or finishing the work will provide the best return based on your local market conditions.
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15 October 2024 | 24 replies
In my state (PA) a tree falling and causing damage to someone else's property only creates liability for the owner of the tree if the tree was known to be in poor condition or if the owner should have known it was in poor condition.