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24 June 2024 | 1 reply
Considerations should include existing debts and liabilities associated with each property to ensure a comprehensive evaluation.Communication is paramount throughout this process.
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24 June 2024 | 10 replies
You may be able to join a local Real Estate Investors Association or similar for that.How many doors do you have to justify all this?
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24 June 2024 | 8 replies
New laws are forcing condo associations to get their reserves properly funded as most have not properly funded reserves for years.
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24 June 2024 | 7 replies
That was the nail on the head I was looking for.I also recommend you pay for a membership in the California Apartment Association (CAA).
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24 June 2024 | 21 replies
Could be CLass A, but you didn't share what the ARVs are.Most investors finance 75-80% of a purchase or do a cashout refi to BRRR it.Class A properties are almost impossible to cashflow with, especially with +7% mortgage rates.Class B, you're lucky to cashflow these days, but can do it if you buy wisely.Class C is what many investors are focusing on currently as they can cashflow from day 1, even with +7% mortgage rates.The challenge is most investors targeting Class C for cashflow, don't take into account the corresponding lower-class tenants and all their associated challeges.
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24 June 2024 | 20 replies
You also need a ladder in the window well if it's deeper than 44" but doesn't look like that would be the case for you.If you're in a duplex I assume there may be a condo association....make sure there's nothing in your condo docs that states you can't add finished space in the basement.
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22 June 2024 | 17 replies
There is a prohibition against posting the landlord's names if they are found to be in violation of the ordinance.The ordinance includes a $1 million mitigation fund for landlords to offset the costs associated with accepting vouchers.
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22 June 2024 | 3 replies
And fast.You are flat out being misled if you do not think there is any risk associated with investing in real estate.Like any investment, real estate can go up or down.
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24 June 2024 | 8 replies
Risk should be thought of neither as good nor bad, but rather always in relation to the associated reward or returns.
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22 June 2024 | 3 replies
Apparently not in my jurisdiction (but they went easy on one item that had a manufacturing date pre need for permit by removing some of the requirements but did I still needed the permit and associated fees) Next is AB1482 (rent control).