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1 April 2024 | 11 replies
We can obviously boost our capacity by adding the other bed, but when is it too many beds and too many people for occupancy sake.
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3 April 2024 | 3 replies
Currently in the phase of buying my first property and needed some clarification if I’m getting screwed or not I’m in Rome, Ga and that is where I’m purchasing the home it’s a flip that was a 3 bed 1 bath but has been flipped into a 4 bed 2 bath the asking price is $214,900 originally 230k but the seller wants a quick sell my agent told me we should give them the asking price and ask for them to pay 5k closing close I wanted to ask for 190k and same closing cost but agent said they wouldn’t take us serious so I agreed to agents terms as I’m signing paperwork electronically I see closing cost is 17k since seller is paying 5k brings it down too 12k but being in Georgia I am approved for Georgia dream which covers closing and some of down payment now when I sign at closing I have to pay 6k I’m wondering why is closing 17k my friend bought a property his closing cost was only 10k granted he bought his property for 189k but I feel like my agent isn’t really trying to get me a good deal should I back away from this property, find a new agent, go through with this purchase, or am I getting screwed in the process?
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3 April 2024 | 7 replies
There is quite a bit of inventory now of all sizes (#beds) and price ranges.
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4 April 2024 | 16 replies
It's what they post as FMR, but it's not necessarily a reflection of what you are going to get, I completely agree with you.For fun, I went on rentometer.com because it usually shows good example, and for houses specifically, here's the numbers:1 – 4 Bed Summary1 bed2 bed3 bed4 bedAverage Rent$1,139 ±9%$1,735 ±5%$2,281 ±5%$2,892 ±12%Median Rent$1,000$1,750$2,000$2,67525th – 75th Percentile$901 – 1,376$1,319 – 2,150$1,681 – 2,881$1,987 – 3,79710th – 90th Percentile$687 – 1,590$945 – 2,524$1,142 – 3,420$1,173 – 4,610Standard Deviation$353$616$889$1,341Sample Size11596314Search Radius3.0 mi3.0 mi3.0 mi3.0 miIf would actually like to chat one on one with you to understand why all the FMR are so high in rentometer.com, zillow.com, huduser.gov, CHMA's website and you are telling me they are far from these numbers.
5 April 2024 | 27 replies
While the cash flow and cap rate won't be sexy on that first property, it will appreciate well both in value and rent rate, and give you a good foundation to stand on. then, once settled and well-acquainted with your new market, you figure out the best way to leverage the rest of your $225k. and then either stay in the first multi, or move out and rent the side you were living in.In my market of the KC metro, good condition duplexes in high demand areas ( 3 bed 2+ baths/unit) are 330-450.
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3 April 2024 | 0 replies
Purchase price: $175,000 Cash invested: $267,000 This 3 bed, 2 bath BLOCK home has been fully remodeled in 2024.
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3 April 2024 | 1 reply
For example; the number of beds allowed in a home type or zone district, or a certain land use in a zone district.
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2 April 2024 | 1 reply
I recently bought the property directly across the street which is a 3 bed each duplex that got an ARV of $105,000.
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3 April 2024 | 5 replies
Rents depend on beds/baths, and most importantly location.
3 April 2024 | 12 replies
@Ashley Collins , please provide a little more description of your house—#bed and #bath, style, fenced yard, square footage, and general location.