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29 July 2024 | 12 replies
Here are pockets I focus on for cash flow:West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old BrooklynEast side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), BedfordHere are the areas that I focus on for appreciation:West side - Lakewood, Edgewater, Old Brooklyn, Ohio City, Tremont (above 490)East side - Buckeye-Shaker (the north side), Waterloo Arts District, Fairfax*I have a graded neighborhood map of these areas as well if you would like to check it out.
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7 August 2024 | 73 replies
With a few month's before some note's expire they send notice unto their regional lender inviting lender into a negotiation of consideration because there intentions are if a mitigated arrangement can not be meet, with market rate offerings on debt not tenable, there going to walk away and exercise strategic default.
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31 July 2024 | 20 replies
I will take what you said into consideration.
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29 July 2024 | 11 replies
The police department just posted on Nextdoor app that crime is down 29% in that area because of initiatives that they have implemented so now they will be implementing the same things in Capitol Heights.
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30 July 2024 | 2 replies
Essentially, the cap rate is the proportion of Net Operating Income (NOI) to the property's value or selling price:Cap Rate = Net Operating Income (NOI)/Property ValueThis ratio offers a direct method to evaluate the yield a property generates in relation to its cost.For advanced real estate investors, integrating additional factors might prove beneficial:Vacancy rate: The duration the property remains vacant.Operating expenses percentage: Includes insurance, utilities, and maintenance costs (excludes mortgage payments, depreciation, or income taxes).The adjusted formula for net income, incorporating these considerations, is:Net Income=(100 − Operating Expenses %) ×(100 − Vacancy Rate %) × Gross Income
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31 July 2024 | 19 replies
The valuations on them appear to be completely arbitrary and in many instances the company seem randomly selectedWe had one recently from someone else who provided the opinion and the comps were 7 miles away and from another jurisdiction - whereas this property while in a more rural area had considerable sales that could have been used.If you use them to get an idea for property condition I find them to have some value but since they have no interior inspection reports, they are at best just a random guess of the value which could be off by 100%
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31 July 2024 | 19 replies
And STR is much more involved with high turnover rates so you’ll not only need to post the listing but know how to keep it competitive so that you maximize bookings, of course, furnishing it, keeping supplies, restocked, cleaning, maintenance, And what about consideration to any local STR rules and regulations?
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29 July 2024 | 8 replies
Usually it just means a second means of egress, a heating/cooling source, a minimum ceiling height, and a closet.
1 August 2024 | 125 replies
That's considerable for me because I understand the obstacles different demographics face in this country.
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29 July 2024 | 12 replies
There is a post here on BP about someone doing their first flip and are in process of getting foreclosed on as home prices have dropped considerably in that area.