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14 June 2024 | 5 replies
Quote from @Byram Heights: Thanks Samuel.
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15 June 2024 | 10 replies
An in ground oil tank for instance can be a considerable liability.
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15 June 2024 | 10 replies
Probably considerable enough to offset any perceived gain in paying off the loan.
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15 June 2024 | 6 replies
Most times you are probably talking septic systems (otherwise you are in town where things are much more likely to be restrictive (zoning, ccrs, limits on how old units can be, etc)there are considerations for used mobiles that you may not think of initially- , such as for example securing insurance being difficult or near impossible in some cases if the home has been moved more than once.I'd love to hear more input from any others who have dealt in used manufactured (single and doublewides, HUD, made after 1976).
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15 June 2024 | 11 replies
So just take that into consideration with the purchase
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14 June 2024 | 7 replies
@Matthew T.After considerable research on the matter a few years ago when we maxed our ability to manage on spreadsheets, we went with Lendingwise.
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13 June 2024 | 10 replies
For instance Cleveland Heights & Shaker Heights are historically around 4% and above while Cleveland proper is usually 2.78% or so.
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14 June 2024 | 7 replies
Consult with a lender before transferring, ensure property insurance, and discuss legal and tax considerations with a real estate attorney and tax professional.Good luck!
13 June 2024 | 2 replies
It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?
12 June 2024 | 11 replies
Remember the movie "Pacific Heights"?