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21 June 2024 | 13 replies
For example, the unemployment rate, relatively low, is 6.5% versus MA's 3.5%It's been a long time since I was more familiar with Springfield, so I'm not sure about the impact of the casino.In general, similar to other working class cities like Fitchburg, in Springfield I'd imagine you'd fine the following conditions:- Attractive Cap rates- Medium vacancy- You're paying a realtor or property management company to find tenants (in higher end cities the tenants pay the realtor fee)- Section 8 tenants -- could be a negative or positive, depending on your view.
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20 June 2024 | 33 replies
They are building new fourplex units and advertising compelling cap rates in their pro formas.
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22 June 2024 | 21 replies
Plus there were rent caps.
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21 June 2024 | 10 replies
DSCR LoansThis is a perfect 30 year fixed loan designed for Real estate Investors that have trouble showing personal income or are capped at the number of conventional loans they can have.
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23 June 2024 | 67 replies
I suspect over 90% of newbies underestimate maintenance/cap expense.
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17 June 2024 | 2 replies
I am currently evaluating a multi-family investment opportunity in Anaheim, CAIs there a local commercial broker or property manager who could tell me what the market cap rate is for C class multifamily buildings 10 to 20 units in that area?
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21 June 2024 | 11 replies
If disposal is jammed by foreign object that shouldn’t be in a disposal like money, beer caps, kids toys, have it stated on invoice and charge security deposit.
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19 June 2024 | 1 reply
It has been tough for lots of people in this area for some time.Last year there was a "temporary" cap set on rent increases.
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21 June 2024 | 13 replies
I see people buying in the multi-unit space (5+ units) that are buying turnkey properties at a 6 cap and paying 6.75% interest with the loans they get.
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19 June 2024 | 17 replies
I stopped reading after 1 mill and 85k gross, using the avg. that's TERRIBLE, so about 3% net cap, not good.