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1 February 2025 | 2 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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30 January 2025 | 19 replies
The increase to expenses has been a challenge.
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29 January 2025 | 0 replies
Investors Love ItOne of the biggest challenges in real estate is raising capital.
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7 February 2025 | 9 replies
You'd also need to establish a budget, and secure a master insurance policy. i THINK you need to do these things before reaching out to your municipality to have it converted officially with the county or city but they would be the first ask for steps in order.i will add, this would make financing on these units a bit challenging, as in the mortgage world, at least initially, they would be considered "non-warrantable" condos.
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22 January 2025 | 8 replies
Were there any challenges with shipping, customs, or delivery?