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18 February 2025 | 6 replies
Probably your best bet will be to do a joint venture with an equity partner.
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24 February 2025 | 5 replies
They have to present the offer whether they like it or not.On the other side of the coin, the Realtor is probably advising their client that seller financing incurs more risk to the seller.
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17 February 2025 | 7 replies
I don't know how long you have owned it but I am willing to bet if you have owned it for at least a few years you probably have a rate on that property that will be hard to get again.
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18 February 2025 | 3 replies
These are all things you probably already know, so hope the viewings went well!
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24 February 2025 | 9 replies
@David PopeYou probably inherited a 5.6% interest in a partnership which owns the property, as opposed to having a direct 5.6% ownership of the property.
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21 February 2025 | 2 replies
There's no real hard and fast way or only 1 way or doing your first 2 points. your subject line suggests you're not looking to go to a large shop like a JLL or a CBRE which honestly I don't blame you those offices are usually pretty bloated.As far as monthly costs, if you are going to individually get a costar or other such license you are probably looking at $500-$1000 a month pretty easy in overhead once you have office dues, mls dues, marketing, etc.
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11 February 2025 | 13 replies
If it sold for $120K in 2007 , and your rent is $2000 a month , the landlord is probably cash flowing rather well .
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26 February 2025 | 6 replies
@Megan Boyle The parts of RI equivalent to what you may have on Cape Cod are probably similar in price.
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15 February 2025 | 14 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases: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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9 February 2025 | 4 replies
I personally would go that route as it would probably be less expensive.