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24 June 2024 | 2 replies
door frame adjustments and other issues$7800 for flooring 1,900 sq feet $4100 for install$1,000- 2000 for dry wall based on quotesTotal - Approx $27,000Considering a quote from Olshan for a "full -tilt" repair was $93,000 ( LOL ), we're happy with the work done.
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24 June 2024 | 1 reply
You might consider adjusting your rental rate, negotiating with potential tenants, or exploring alternative rental assistance programs that could cover a higher portion of the rent.
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23 June 2024 | 13 replies
They often say that they need the exact address to submit to the adjuster for approval or they want to tour the house before they can decide to rent it.
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25 June 2024 | 16 replies
You'll want to ask for an itemized invoice if they do not adjust downward significantly and plan on spending some money on an attorney to come up with a strategy.
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24 June 2024 | 6 replies
Helocs aren’t really for long term financing, the rates high and adjustable.
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24 June 2024 | 7 replies
This ensures the property is secured, heat or A/C is adjusted, all water is off, and they do an initial inspection to see what they are dealing with.
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26 June 2024 | 32 replies
As a step one, I love it and you should absolutely be prepared to make adjustments and possibly even purchase passive investments as you can as you go along.
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28 June 2024 | 100 replies
- personally at SMARTLAND as experienced heavy lift multifamily operators - it is a complex process and requires a team, time and skill - Yes, you can lift a property and value moderlty quickly if you have the right tools and process in place, no doubt, but you have to also have the correct financing tools in place and appropriate cost-basis to withstand turbulence along the way - (no straight path) - the short term mezz loans into this constricted/constrained lending environment is tough, even more tough with raising cap rates, market repricing = requires more time to season and continue to hold, unfortunatley as we have discuss to the max on this forum time was not on this operators side with the short term adjustable mezz loan -**Pref Equity has entered many deals in the past 18 months advance of LP positions, also took a GP slice along the way ----
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22 June 2024 | 2 replies
Your gain is sales price less sales expenses less adjusted basis.Your adjusted basis is purchase price plus improvements less depreciation.Also factor in any passive loss carryforwards when calculating your gain.Your CPA should be able to discuss with you what tax implications would be upon sale.
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24 June 2024 | 20 replies
In terms of doing a refi the house would be compared to others of the same value and adjustments made for BR or SQ FT.