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18 December 2024 | 45 replies
Thanks.If I'm you, the last thing I'd want is the seller installing an AC unit, water heater, and a furnace right before closing.There's ZERO incentive for them to do the work with the same "love" that you would.
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19 December 2024 | 22 replies
For a "Professional" developer, defined as someone with 24 projects in the last 3 years, the minimum score drops to 660 and the down payment is only 10% with a 9% rate and 1.0% fees.
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14 December 2024 | 101 replies
Yes, I attended the 3-day event last week in New York.
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13 December 2024 | 5 replies
@Spencer ManningYour other questions were answered except for last one.S8 vouchers are for a specific number of bedrooms and rent amounts.So, a S8 tenant must find a property with rent that does not exceed their voucher amount.This stops S8 tenants from renting Class A properties and most Class B.Currently, Fair Housing does NOT protect source of income, so unless a state or local government has passed a law stating otherwise, landlords do NOT have to accept S8 vouchers.
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19 December 2024 | 13 replies
I’ve listed on FF and had a request for long term stay cutting into summer season and I comped it based on last summers revenue and declined.
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17 December 2024 | 36 replies
I've heard podcasts with them bragging about all the money they made in the last 6 months buying apartments.
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17 December 2024 | 4 replies
Face to face interactions is how you will build lasting relationships!
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13 December 2024 | 13 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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19 December 2024 | 22 replies
A duplex or SFH purchased around that time would likely have appreciated by 5-10%, depending on the neighborhood, and rents in Oceanside and Carlsbad have continued to rise steadily, offering a solid ROI.One client I worked with last year ran into similar frustrations with bidding wars.