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2 December 2024 | 35 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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4 December 2024 | 10 replies
Fun fact, we have the lowest unemployment rate in ant top 25 major city.
4 December 2024 | 4 replies
Admittedly, pricing will often account for any major items, and I don't believe this is true in Sandy Springs, but there are some areas that an interstate cuts off a small part of the neighborhood, and so labeling the neighborhood as "good" may be true for 90% of that neighborhood, but if you are in the 10% that is on the "wrong side" of the interstate, it can be a totally different market.
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5 December 2024 | 4 replies
When you convert an asset to Roth you have to get a third party valuation and often they come in at a major discount..25-60% so your taxable amount is way lower than the actual conversion. 4.
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4 December 2024 | 3 replies
Most agents who don't want it on Costar, Loopnet, or Crexi don't want to pay to get it on there because why wouldn't you want a major project on those?
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28 November 2024 | 2 replies
I know it sounds like I'm splitting hairs but some banks write HELOCs in their residential department....which won't write Investment Properties.
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2 December 2024 | 9 replies
Property management teams should have departments for each segment of their business that know exactly what there function is and have employees that focus solely on that part of the business to best serve their clients.
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5 December 2024 | 5 replies
I recently completed a major renovation on my property financed through a Fannie Mae HomeStyle Renovation loan, and I'm now looking into options for removing Private Mortgage Insurance (PMI).
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4 December 2024 | 2 replies
Some of the questions I'm asking are as follows:- Age of roof and HVAC - Any major maintenance issues/fixes done recently
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2 December 2024 | 2 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.