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12 July 2024 | 16 replies
STRENGTHS- strong affordable housing market- cool city with a great feel- nicely mixed neighborhoods with properties in need of repair next to nice homes- large university, robust medical community- decent rents overall, currently trading at 8-10% cap rates- Micron promises growthWEAKNESSES- Micron hype is making people spend way too much on properties- pesky code compliance inspections here too- student housing area is incredibly compact and difficult to get in to- difficult to predict if a property will benefit from renovation or not- contractors are overwhelmed, difficult to get estimatesSummary: Syracuse is experiencing a lot of change right now, in a good way.
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10 July 2024 | 31 replies
Tenant is saying AC won't cool to 73 degrees.
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13 July 2024 | 21 replies
That is a cool pic.Personally I would question the 14.3k search impressions.
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11 July 2024 | 2 replies
The community is a 5-minute bike ride to the beach with cliffs and some dunes, and 3 minutes from a cool outdoor beach restaurant. 10 minutes north is the town of Marmol, and minutes north of that, there are small touristy beach towns.
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10 July 2024 | 35 replies
First lien does not get affected they can only get what they are owed.So while I can see how you thought this was cool.. it certainly is not and its highly illegal.. and if I was there and I was bidding and witnessed this activity I would file a complaint with the DA and FBI
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12 July 2024 | 12 replies
Your subscription will get you discounts on furniture along with some other cool benefits.Last thing, cheap furniture, particularly furniture that gets sat on, ends up being really expensive furniture because it has a limited lifespan.
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11 July 2024 | 5 replies
You can take any reserves and ladder them with CDs/Treasuries/some other low-risk fixed income asset to provide liquidity in case things go sideways, all while mitigating most of the interest load on the loan.
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11 July 2024 | 9 replies
Use Bank statement program, Use No Doc/Lite Doc/ 1 Year 1099 - or DSCR for (Investment only) Use Asset lending where you do not need a large deposit and the liquid reserves or assets acts as the collateral to offset risk.
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10 July 2024 | 2 replies
I am an experienced flipper, and I got into this deal with plenty of margin, so cashflowing out of it at the end is not a concern, but I need the liquid cash to get it there.
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10 July 2024 | 3 replies
There is a marked slowing in the time it takes to rent a home and the overall rental market is cool now.I have not heard of a flat fee for a rental listing, but there's a couple things you can consider to help your situation.You can go back to your previous property manager and see if they would be willing to solely do the listing and lease up for you.