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4 December 2024 | 9 replies
Missed evictions - tbh I'd just underwrite a little bit higher vacancy than what people are telling you if you're concerned about it.
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6 December 2024 | 9 replies
A couple options… 1) Coast as is until March for better selling season, more buyers, higher price. 2) Raise the rent at least half way to market.
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7 December 2024 | 8 replies
(Imagine if they had countered your offer at $500 higher, would you have accepted it?
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6 December 2024 | 6 replies
Add some escalator, such as 3%, for example, to account for potentially higher costs after closing.
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7 December 2024 | 35 replies
We accepted the higher rate because the lender agreed to allow assumption after 2 years with no qualifying, at the same rate and terms (20 year loan).
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7 December 2024 | 150 replies
But what if you could do, as I have, multiple deals under 5 k and earn back that 5 k and 10K more each deal...and exponentially higher on each deal that is higher priced than that?
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5 December 2024 | 6 replies
And therefore competition among tenants can create significant challenges, like...Businesses may struggle to establish a unique presence and loyal customer base, and a lack of profitability due to nearby competition will likely lead to higher tenant turnover.
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6 December 2024 | 17 replies
Maintain a credit score of 620 or higher, save for a down payment, and research markets carefully.
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5 December 2024 | 22 replies
The higher rent growth market will always surpass a market with better initial cash flow but lower rent growth given enough time.