Does it do an all inclusive background check?

Binghamton is a unique investing environment....

In todays environment the risk is no longer mitigated by those rapid equity building factors, the strategy turns investors into gamblers.

Today banks are aware of the current market environment and do not have 1000’s of defaulted loans on their books so they are pricing homes accordingly.

While the 2017 housing market was marked by renewed optimism fueled by stock market strength, higher wages and a competitive environment for home sales, 2018 delivered a more seasoned prudence toward residential real estate.

If I were in your shoes I’d be tempted to milk that cow until there is some ebb/flow in the macro environment.

If they just wanted to relieve themselves of the management they could pay a PM 10% of the gross rents for $380/month and come out way ahead.There are a couple routes that I personally would go which is either buy it outright and negotiate a better price, have the seller participate in the financing by wrapping the original note (uphill battle but could work) and giving an all inclusive Trust Deed to the seller, or go the MLO route at the price they want with a 10 year window with option consideration enough to cover the agent’s commission.

Locations with strong elementary schools, Morningside, VaHi, Midtown Etc.In this environment of low inventory, what is your approach to finding deals?

Do you charge your tenants for any of those utilities or just charge higher rent and advertise that it’s all inclusive?

Solid plank vinyl or good quality laminate (in non-moisture environments) is excellent and lasts far longer than carpet, and is able to be repaired.We find that most tenants appreciate the hypo-allergenic properties of a non-carpeted environment.Just a thought for the future...