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8 March 2024 | 4 replies
Cedar offers natural resistance to rot and pests with a great look that can enhance property value, but at a significantly higher cost and it requires regular maintenance to retain its appearance.
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12 March 2024 | 105 replies
A similar situation would be like when New Orleans flooded and people were displaced in mass , or another natural disaster .
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8 March 2024 | 2 replies
Trying to figure out if this is natural settling or we should provide reinforcement to the beam to prevent further settling.
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12 March 2024 | 168 replies
The natural gas boom in the area has brought a ton of out of town workers who need a place to rent.
9 March 2024 | 17 replies
They will often want a new building constructed and building today with labor and materials is very expensive versus retrofitting existing building.When I buy value add vacant buildings the goal is to double the return on investment within a 3 year period.So if I can use the existing building and retrofit to same concept ( example previous burger inc. but now Whataburger wants to come in ) then not as much tenant improvements to convert.So if rent 20 a foot for 5,000 ft that is 100k NOI NNN a year. 7 cap value is about a 1,400,000 stabilized valueSo if I buy it for 400k and have 300k in it more 700k to get new tenant in the value is then around 1,400,000 based on NNN 20 a foot and a 7 cap rate exit value.If you want a premium price then you would need to sell to an end user tenant ( regional or national in nature) that wants to buy the building and put their concept in there.
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9 March 2024 | 26 replies
In all, we were able to do a cash-out refinance after 1 year and got our entire investment, including down payment, back into our personal accounts and we still have a cash flowing property.The beauty of smaller town and communities is that often big-time investors are not looking at them as closely and they can cash flow quite well, at the sacrifice of "natural" appreciation.
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9 March 2024 | 21 replies
have you looked at new builds in columbus as a strategy given the competitive nature of other strategies you mentioned?
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8 March 2024 | 22 replies
Are you suggesting that an executive in corporate America doesn't have the ability to manage a team, leverage those with experience, and deliver value for the shareholders?
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6 March 2024 | 0 replies
They give potential buyers a visual representation of the property and help them imagine living there.To use high-quality photos, follow these tips:Hire a professional photographer or use a high-quality cameraUse natural light to highlight the property’s featuresTake pictures from different angles to give a complete view of the propertyEdit the photos to enhance their quality and appealRemember, your photos should showcase the property’s best features and make potential buyers want to see more, so ensure to capture the most unique or most appealing parts of the property.
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8 March 2024 | 10 replies
Numerous costs are associated with real estate transactions, so it's critical to have a clear picture of your financial status.Due to the constant nature of the real estate sector, it is imperative to remain up to date on new tactics, market trends, and industry developments.