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4 October 2024 | 3 replies
In the lease agreement we have, there is a section for "Destruction of Premise".
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14 October 2024 | 20 replies
Examples:44109 (median home price went from roughly 50k to 125k in 8 years)https://www.zillow.com/home-values/77009/cleveland-oh-44109/ 44102 (median home price went from roughly 30k to 120k in 8 years)https://www.zillow.com/home-values/77002/cleveland-oh-44102/ 44106 (median home price went from roughly 100k to 200k in 8 years)https://www.zillow.com/home-values/77006/cleveland-oh-44106/ It has the highest rents on average in all of Ohio for major cities and the median home value is not even in the top 3.
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16 October 2024 | 13 replies
I do well in this arena but the vast majority dont have the skill set to navigate it.
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12 October 2024 | 6 replies
The deal is there a lot less demand out there than Dallas or Austin or any major city in Texas.
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15 October 2024 | 26 replies
major income and/or cash flow?
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11 October 2024 | 8 replies
I purchase properties in need of work and put sweat equity into them by doing a majority of repairs myself and then follow BRRR strategy.
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12 October 2024 | 25 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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15 October 2024 | 12 replies
(We need solid property values)Doing them individually gives you the flexibility of refinancing one or selling one at a time without major delays or penalties.Just keep the properties in your name for now and close the loan in entities name, no point in spending the time and money prior.I hope this provided some clarification for you :)
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7 October 2024 | 4 replies
I have seen a lot of people discussing how to get to the Pigeon Forge area.
The short answer is Google Maps and Waze has the road closures and will reroute people automatically.
Sections of highway will be closed f...
12 October 2024 | 6 replies
It will be a bit slower this season depending on you exact market but you need to try your best and put it up on every site that you can and make a majority of your money during the warmer times.