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15 September 2024 | 11 replies
The focus on achieving a higher sale price can sometimes blind sellers to the risks involved, which savvy buyers may exploit to negotiate highly favorable terms.From a seller's standpoint, offering financing can be a smart strategy if approached carefully.
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14 September 2024 | 6 replies
Ask the agent your about insurance on a property that you are living in and renting out.I also agree with @Rene Hosman's statement that finding a property to make into a multi-unit property (assuming zoning allows it) is probably the most cost effective approach in our current market.
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13 September 2024 | 1 reply
I was approached with an opportunity and being a newbie I wanted to see is these members made sense to a more seasoned investor.
14 September 2024 | 12 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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16 September 2024 | 18 replies
This shift has created excellent opportunities in these areas, with investors eager to sell quickly, turning the market into a buyer's advantage.Investors remain highly interested in North Georgia, but their approach has evolved.
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13 September 2024 | 20 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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13 September 2024 | 7 replies
So, as an example, if you look today and you see that various sources lead you to believe that you can rent it for $1500/ month, that number can change quickly in a week (let alone 3 months) based on other factors in your local area - such as a similar property suddenly gets put on the market for rent.In addition, there are different ways to approach your rental amount.
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16 September 2024 | 28 replies
I am not sure about this approach.
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18 September 2024 | 67 replies
Question: are there other property managers that take the all-encompassing/OneRate approach, but are much better to work with?
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11 September 2024 | 8 replies
Have you ever encountered unexpected repair issues during a flip, and what was your approach to resolving them?