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9 October 2024 | 13 replies
-Increases the Value of the property, almost always by at least the invested amount, in many areas of San Diego, it can increase the value of the property by as much as 150% of the invested amount-Decreases your risk profile, having 4 units instead of 2, helps stabilize your rental revenue when vacancies and repairs have to happen.
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7 October 2024 | 6 replies
Many investors diversify by doing both—real estate for stability and businesses for growth potential.
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8 October 2024 | 8 replies
They found solid tenants and stabilized the property.
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6 October 2024 | 1 reply
While real estate is more passive once stabilized, acquisitions can require more hands-on management.The choice depends on your goals.
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9 October 2024 | 10 replies
What I mean is that on most products on a investment property 2 unit building the max loan to value is going to be 70% or maybe 75% loan to value.
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5 October 2024 | 9 replies
This year is a stabilization and reflect year.
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9 October 2024 | 12 replies
Moreover, you'll receive more favorable terms/rates utilizing a primarily home loan product than an investment loan.
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7 October 2024 | 6 replies
Know the lenders requirements for the loan types you will need.For instance you may find you need to have liquid cash of 9 Months P&I and 100% of the loan amount as your personal net worth in order to avoid personal guarantees on the loan, and your retirement accounts may not count towards your liquidity.Know the requirements of the loan products for the apartments you want to buy.There are no books for that, that I know of--just lenders info.Because without that all else is just scholastic exercise.Good Luck!
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7 October 2024 | 12 replies
Additionally, we do not have the capital expenditure (CapEx) budget required to make the comprehensive repairs necessary to stabilize this asset fully.Several factors have contributed to this situation:Property Management Issues: We previously worked with two underperforming property managers who made several critical mistakes.
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7 October 2024 | 3 replies
Not sure what that product is.