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25 October 2024 | 23 replies
@Minji KimRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which is VERY important for stable rental income and low property maintenance/damage.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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22 October 2024 | 4 replies
How much do you have to invest and what returns are you expecting to see?
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24 October 2024 | 10 replies
No thanks.So I really have been interested in passively investing in good deals with experienced sponsors, but want to set my expectations to be realistic and right for this.
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21 October 2024 | 10 replies
Once my zoning variance was granted, I expected getting the building permit would be straightforward.
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23 October 2024 | 5 replies
I was surprised when the agent consulted the seller despite my offer being lower than expected, given the property's condition.
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29 October 2024 | 33 replies
Hopefully this gets others who review these forums to reassess their portfolios and formulate more realistic disposition expectations.
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22 October 2024 | 2 replies
To add to what @Jonathan Greene wrote:1) Understanding the local market, so you know what Neighborhood Class your building is located in, what Class your Building is (condition & amenities), and what corresponding class of tenants will be attracted.2) Using all this data to properly set your expectations and a realistic ROI.3) How to better screen prospective tenants, including catching fraud, so your property performs better.
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21 October 2024 | 1 reply
This is in line with the expected seasonal trend and probably correlated to the rent increase in September.Rentals - Months of SupplyThe supply for our target rental property profile stands at about 1.4 months, slightly down year-over-year.
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23 October 2024 | 8 replies
If a person is 20 years old, and their life expectancy is another 60 years, then that $600/year adds up to a whopping $36,000,...total.
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21 October 2024 | 3 replies
Yes it can be worth it, just don't expect to get rich quick lolMidterm rental has been my strategy and I'll definitely be sticking to it for the next few years.