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17 July 2024 | 2 replies
My experience (pre-Covid) with section 8 was there were A LOT of people searching for homes with their vouchers but a shortage of landlords either qualified or willing to accept Section 8 tenants.
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18 July 2024 | 7 replies
If I’m able to get an offer accepted at below 150, say 130 or 140, and put 20% down, would I be able to pull my money out of it @ the 80% after the appraisal?
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19 July 2024 | 6 replies
Most Triple Net leases allow for the Landlord to bill for Taxes, Insurance, Common Area Maintenance and Repair, Reserve Budgets, Lighting, Property Management and mostly all other generally accepted operating expenses for a retail property.3.
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19 July 2024 | 5 replies
You could spend weeks trying to get a complete application from the three college kids, only to see them back out and rent something else.My policy is to accept applications and process them only when they are complete.
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18 July 2024 | 2 replies
When an offer from a buyer comes in from their agent, if we accept it, we contact the title company we use and send them the contract . . and they take the deal to the closing table.
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18 July 2024 | 2 replies
Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time.
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19 July 2024 | 12 replies
ESTOPPELThe estoppel is a form filled out by the tenant, then confirmed by the Landlord, and then accepted by the Buyer.
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18 July 2024 | 4 replies
No QI would accept an official substitution of QI from a personal friend.
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17 July 2024 | 19 replies
You just have to screen everyone the same whether you accept section 8 or not.
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19 July 2024 | 19 replies
I do not accept tenants that smoke.