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6 December 2024 | 2 replies
Since it’s the largest home in the neighborhood, that can be a bit of a challenge, but you can turn that to your advantage with the right strategy.First, consider tweaking the price slightly—either lowering it a bit more to attract attention or pricing it closer to the higher end if you’re targeting buyers who value the upgrades and space.
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3 December 2024 | 4 replies
This would lower your down payment requirements, lower your interest rate, lower your property taxes, and MAY make you exempt from state income tax.
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9 December 2024 | 9 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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4 December 2024 | 4 replies
A new build should require much lower maintenance expense vs a 100 year old home.Hope this helps.
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5 December 2024 | 6 replies
Given this is where my major operating expenses fell (beyond taxes and insurance), keeping this cost lower, by average, helps my cash flow.I invest in older neighborhoods, so the 2-4 unit properties, typically have single water meter, maybe single electric, and many have radiator heat with a single boiler.
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6 December 2024 | 45 replies
The lower entry costs compared to other markets, plus lower taxes, make it great for consistent cash flow.
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8 December 2024 | 10 replies
I had doubts and still have some but now it sounds like those may have been necessary for their loan program after learning why it's a lower risk and FDIC insured requires that.
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5 December 2024 | 2 replies
I’ve had experience with both traditional and private construction loans, and here’s my take:Traditional Lenders: The process can be slower with more paperwork and stringent requirements, but they usually offer lower interest rates.
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7 December 2024 | 11 replies
This affords us excellent cash flow and lower maintenance on a 3-5 year commercial lease.
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4 December 2024 | 8 replies
from your experience do you know if appraisers would choose closer comps but adjust a different search criteria such as a lower br/ba criteria and adjust the arv by 5-10k on a lower lower room or bathroom count or would they prefer a property further out just to match that criteria. this is probably a case by case basis.