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25 December 2024 | 12 replies
We are looking for 3 year lease if that is acceptable with you.My initial reaction was to decline this offer.
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25 December 2024 | 11 replies
If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.
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23 December 2024 | 0 replies
Standard offer process.How did you finance this deal?
1 January 2025 | 24 replies
I think having a network and accountability is super important but I would steer clear of any guru type offerings.
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26 December 2024 | 8 replies
We are seeing lots of huge cabins with pools and arcades being offered for $150 per night or less, with no takers.
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23 December 2024 | 1 reply
I'm considering making an offer on a 36-unit multi-family property.
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25 December 2024 | 4 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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26 December 2024 | 3 replies
For investors, it offers unique opportunities to maximize the value of properties and meet the growing demand for housing.
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1 January 2025 | 12 replies
Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.If you want to close in the name of a LLC/ LLC taxed as an S Corp, or an S Corp, Mortgage Lenders will offer you Commercial Loan Terms (25-30% down, a 15-25 year amortization, and a ballon due in 5-7 years).
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21 December 2024 | 6 replies
The fact they ask you to do this is not only a red flag for obvious reasons, but also because, they should know better how risky this is for you and if they had true good intentions they would have understood that and not offer you that option.What you can do is tell them..