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15 October 2024 | 6 replies
I'm working a lead and the seller gives me permission to visit the property after confirming a time with the tenant. The seller told the tenant I'm an insurance agent so not to reveal the potential sale. I wasn't plea...
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17 October 2024 | 21 replies
I'll wait until something actually happens before I react ;-)
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24 October 2024 | 10 replies
Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.
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16 October 2024 | 22 replies
When mortgage rates dropped earlier this month, we received a significant amount of showing requests on our listed homes, which ultimately led to multiple offers.How will Buyers react if the Fed rate drops in 2024?
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21 October 2024 | 25 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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18 October 2024 | 1 reply
Your agent should be able to point out if the property was properly renovated or if they just slap something together to make it look good right before sale.
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21 October 2024 | 18 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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21 October 2024 | 10 replies
I bought the property in 2022 believing that it was properly zoned for a restaurant on the first floor and a single unit above.
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18 October 2024 | 2 replies
Ensure proper documentation and usage of addendums.
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17 October 2024 | 22 replies
When done right, Facebook can go neck and neck with any other lead-gen method out there.If you have the ability or the budget, building out a proper SEO strategy should be a top priority.Google PPC is highly effective but the truth is most investors without a hefty advertising budget can’t or shouldn’t spend their dollars there.What are you doing right now to generate leads?