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18 November 2024 | 0 replies
In the last year for Knox county specifically the median sale price is up 9.92% and the whole MLS is up 7.14% year over year.After beginning to recover in July and August, home sales throughout the East Tennessee region slowed up again in September which is somewhat expected as schools get back into swing.Mortgage rates remained below 7% for the entirety of September, for the fourth month in a row.
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20 November 2024 | 25 replies
-Rentals are very labile - some rent in less than a week for more than expected, others take two months or more despite being listed for less than they were previously rented for two years ago-There is no cash flow in A or B for new purchases unless you want to put down 30% or more, or find a unicorn deal.
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19 November 2024 | 3 replies
These all factor into how long a tenant stays and what vacancy rate you should expect.
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17 November 2024 | 5 replies
What is the seller typically expecting to sell these for, considering that the UPB and legal balance are lower than the property value?
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19 November 2024 | 3 replies
You can expect around $500 more a month on your total rent at best.
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19 November 2024 | 6 replies
There will be a consultation and assessment to determine your business goals, strategies, etc.Research to identify the grants that are most aligned with your goals and strategies.Preparation of documents using a checklist to simplify the process.Application submission.Follow up with you, the client for clear compliance and reporting expectations once a grant has been awarded to you.Here are a few resources for accessing grant funding:Grants.govUSA.gov/GrantsNational Institute of HealthSmall Business Administration - GrantsHave you utilized grants in your real estate portfolio?
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27 November 2024 | 16 replies
How much revenue do you expect annually?
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19 November 2024 | 5 replies
Don’t waste time with someone with unrealistic expectations; you won’t make the deal and just set up the client to get realistic for the intermediary that replace you. 5.
21 November 2024 | 8 replies
Expect very low LTVs (we're talking like 40-60% down minimum), much higher rates, and very long close times for out of country financing.
18 November 2024 | 5 replies
If you are looking at properties in need of renovation, they want you to know your costs up front and many will be as-is purchases with the expectation that you aren't requesting repairs and your costs are confirmed.Depending on your state, but likely in all states, you have an inspection contingency in the contract, but what you will learn is that you will be competing against seasoned investors and contractors who know their numbers and houses so make better as-is offers.