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6 November 2024 | 1 reply
**Property Inspection**: After submitting the RTA, HUD will schedule an inspection to ensure your property meets HUD’s Housing Quality Standards.
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4 November 2024 | 1 reply
If the score is too low, does anyone have the proper wording to tell the applicant that we can proceed further due to this?
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17 November 2024 | 30 replies
BP is so large now, unfortunately, there are a lot of "professionals" advertising their services here but don't know the REI industry.So, to protect yourself in the future, I'd ensure at least a few other REIs have worked with the professional you choose to hire and have received enough value from them to refer their services.You can always ask the professional for references as well and they should have no problem providing a few if they are good at what they do.Just my 2 cents.
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11 November 2024 | 9 replies
I want to ensure I’m offering fair pricing for owners while building a sustainable business.
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10 November 2024 | 2 replies
Determine how much money would be needed to handle each risk, and determine if you have sufficient liquidity / cash flow to ensure you can “stay in the game”.This is of course in addition to all normal “due diligence”, financial forecasting, etc.
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10 November 2024 | 1 reply
It was a strategic choice to ensure the property was ready to capitalize on the anticipated growth in the area near the planned casino development.
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12 November 2024 | 2 replies
As you say, the concept is great and true, but the proper application in practice may not be as advertised.
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12 November 2024 | 17 replies
However, you’d want to carefully evaluate market conditions to ensure you don’t lose too much on the sale.Pros:Avoid further investment and risk.Free up capital for other opportunities.Cons:Selling costs and potential difficulty finding a buyer.You may miss out on potential appreciation.Recommendations:STR Route: If you believe there’s potential to improve revenue and occupancy by refining your property’s appeal, going the STR route could work.
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11 November 2024 | 13 replies
@Allante Loper you probably have all the contacts you need to succeed - you just need to figure out how to properly leverage them!
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17 November 2024 | 33 replies
But my biggest advice, make sure you properly comp the property.