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26 October 2024 | 5 replies
This is an investment property. run a proforma and use cap to determine the value.
26 October 2024 | 6 replies
What would you recommend for me to use to determine the quality of a deal?
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30 October 2024 | 35 replies
It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years.
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29 October 2024 | 12 replies
I think many people have sufficiently answered your question, but here's an article that you may find helpful regarding STRs to determine if this is a strategy you are interested in.
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25 October 2024 | 22 replies
fair return methodology used must be “concerned with the financial integrity of the businessas a whole, not the ability to obtain a return on a discrete portion of the business.”MNOI presumes that the rents Landlords chose to charge, in a year free fromthe idea of rent control, provided Landlords a fair return on their investment,as the rents that were charged were based on general market conditions, andnot the upward pressure that policy discussions of rent control may have onthe market.
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26 October 2024 | 7 replies
Most loan packages include something you sign that says that you will cooperate with them to correct any technical errors like this and I believe it also includes the ability for them to sign for you if you don't but obviously they prefer to have clean paperwork where you have signed it.
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27 October 2024 | 3 replies
The LLC also gives you the ability to write off expenses associated with the property that you could not do as a personally owned house.My 2 cents would be to leave it the way it is and not transfer it.
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29 October 2024 | 21 replies
From what I've heard, peer-to-peer lending platorms can offer decent returns and the ability to withdraw funds relatively quickly if needed.Personally, I've found that investing in short-term real estate projects can be a sweet spot.
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6 November 2024 | 54 replies
We then ranked states from best to worst for each category.Drought: The likelihood of negative economic impacts as a result of drought, the number of people and fresh water sources exposed, and the state's ability to recover or adapt to a future with droughtExtreme heat: Projected number of dangerously hot days by 2050 and the percentage of people vulnerable to dangerously high temperaturesWildfires: Fraction of housing units directly or indirectly exposed to wildfire, as well as wildfire likelihood and home susceptibilityFlooding: Percentage of people living in 100 and 500-year floodplains, projected 30-year increase in number of properties with flood risk, and the percentage of the population living in a 100-year coastal floodplainClimate change preparedness: How well each state is responding to current and future climate change threats
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25 October 2024 | 2 replies
To determine the best pricing for farm rentals, consider factors such as location, proximity to schools, highways, and amenities.