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13 July 2024 | 4 replies
As you over perform for your investment partners, the well will get deeper and wider.
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13 July 2024 | 21 replies
Here's what I'm seeing on airbnb.com/performance as well:
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13 July 2024 | 20 replies
My due diligence will include reviewing past reports - on assets that performed and those that didn't.
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12 July 2024 | 16 replies
Ithaca is like another planet.STRENGTHS- appreciation is pretty much guaranteed, no matter how crummy your property is- student housing isn't restricted, they'll live anywhere- having an ivy league school means there's a lot of money flying around- rent is high- tons of development and growth going on- strong STR performance outside the city properWEAKNESSES- almost absurdly high prices- similarly absurdly low cap rates- pesky annual inspections required on multifamily properties- most deals happen behind closed doors, and agents tend to be very unhelpful- 5-7% cap rates typical, sometimes lowerSummary: Ithaca is a great market to park your money in and wait.
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12 July 2024 | 7 replies
New BTR properties are exceptional and perform very well.
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12 July 2024 | 12 replies
Biased being with a professional design and reno company, but if you want perform well and potentially outperform the competition, I would say it's a must at this point.
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13 July 2024 | 9 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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11 July 2024 | 7 replies
The wholesaler can then try to obtain any remedy provided for in the contract, usually enforcing specific performance.
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12 July 2024 | 42 replies
But to use a casino analogy, playing with "house money" and getting all the perks is the best way to vacation in Vegas.
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12 July 2024 | 7 replies
Also, define how you'll share the acquisition costs, such as the down payment, renovation, and closing costs.Payment Responsibilities: Explain how to divide and pay for regular costs like mortgage, property taxes, insurance, homeowners association fees (if applicable), and upkeep expenses.Management and Maintenance: Agree on how property maintenance, repairs, and improvements will be handled, including decision-making processes, funding for these activities, and responsibilities for performing or managing the work.Single Decision Point: For example, I've seen situations where one person agreed to replace an appliance while another strongly opposed it.