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26 October 2024 | 11 replies
@Adam Peralto More & more owners are posting here on BP about their rentals sitting vacant too long.Which means owners aren't paying attention to the rental market - which is slowing, causing Days On Market (DOM) to increase:(Take a look at the graph below from ShowMojo, comparing average DOM for 2018-2024.DOM are now about 40% longer than they were 2 years ago.Many owners also don't seem to be aware of real estate market fundamentals, such as seasonal effects:1) After September, when kids go back to school, there's a noticeable dip in activity in both the sales & rentals.2) After Halloween, there's another noticeable dip.
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30 October 2024 | 13 replies
But since you reached out, I might as well network a bit while learning..Thanks Logan Hi Robert, A hard money lender bases its loan around an asset, most commonly real estate.
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29 October 2024 | 24 replies
The renovation budget can be artificially inflated so you can have a "cash pillow" for maintenance or anything else really.The conventional loan for purchase and rehab is the most commonly used by investorsIf you have a company it is also possible to apply for loans but it is necessary to have at least 6 months of activity.
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28 October 2024 | 23 replies
Perhaps their lease term isn't up or maybe they were not given proper notice to end their tenancy.
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30 October 2024 | 12 replies
Water damage never happens in small amounts, until its noticed and by that point it's typically a larger job than $1200.
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22 October 2024 | 1 reply
Purchase price: $1,300,000 Cash invested: $260,000Brusly Commons Retail Center11,000 SF retail center located on Hwy 1., which is a major LA State Highway with heavy traffic.
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27 October 2024 | 4 replies
What is the best way to give notice and what is a reasonable amount of time?
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31 October 2024 | 12 replies
I'm not a lawyer or expert on deal structuring but what we see the most common is a single GP (general partner) and a number of LP's (limited partners).
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29 October 2024 | 24 replies
This may not apply everywhere, but it is a common situation.
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31 October 2024 | 37 replies
Some people charge up to 4%. 3% is very common.