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8 April 2024 | 21 replies
Front unit i think market price is around 1600-1700, but i am planning for 1500-1550 to gain advantage on rentingit's a popular rental area in trending neighborhood, so it has a lot rental on the market and a lot investorfirst regret is i think my offer was too high, i offered asking price at 224k which with my 10k deposit and no inspection (i did had a long term contractor go take a look with me) i can likely get the house for cheaper, it went from 300k to now 224k from last year, so 8 month on market, i could get it for maybe 200k or 210k insteadOriginally i planned to have some minor interior update include few windows, which i am estimating around 3k, but noticing the 3rd floor shingle siding was aging and looks like just matter of time, so i had to replace 2 more exterior siding that need scaffolding, long story short, my repair cost went from 3k to around 8-9kmy dscr loan is 7.625% 30 years, my monthly would be $1577 PITI + water (say $230), compare to my expected rent of $2430, so $623 remaining each monthsome concerns are1. it's flat roof and it's just matter of time for me to replace2. i know this market is always trending, a lot tenants and a lot rentals, so it's competitive but popular, i dont know what to feel about it, i have other rental in the city, just not this specific neighborhood3. since there's so many investor in the area, why no one bought it for the price, it was once lowered to 256k before it go down to 224k. when the market was hot, i think 324k would easily sold, but obviously it didnt as that's what they listed in 2023 summer4. unit was managed by management company, last lease on front unit was from June 2022-June2023 rented for $1700, then they later put for sale for 324kon one hand i think the number works, but on the other hand, i keep have this feeling i wanted to back out of the offer, i think also due to my saving would be down to 20k after closing and all the repairs made, which i normally wanted to have at least 30k in bank, also the extra siding job got me scared a bit, and roof that need to be replaced in futureif i back out now, i am going to be losing 10k + inspection 800, so that's close to 11k lostWhat's your take on this, i would hate to lose 11k without any valid reason and just scared myself out of this deal, but honestly i am having some hard time looking forward to this purchase.
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7 April 2024 | 0 replies
By partnering with experienced sponsors and staying informed about market trends, you can make informed investment decisions regardless of timing.Don't let these excuses hold you back from leveraging the power of limited partnership in real estate.
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14 April 2024 | 885 replies
This way I can keep my FICO score in great shape, and ready for my 2nd and 3rd round of obtaining credit throughout the year.
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7 April 2024 | 9 replies
Sounds like your place is in good shape so it's nothing on your end.
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6 April 2024 | 10 replies
If you have real nice quality USA made furniture in excellent shape, then it has some value.Used pots, pans, silverware etc...that can be had for free all over sites like Craigslist, FB Marketplace and OfferUP.
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8 April 2024 | 35 replies
And if real estate trends exactly how it has been over decades, Then it will eventually grow its on slow and steady equity.
9 April 2024 | 67 replies
Utilize online tools and resources to search for investment opportunities, analyze potential cash flow, explore property management options, visit and assess properties, diversify your portfolio, and keep up-to-date on market trends, economic conditions, and real estate strategies.
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5 April 2024 | 3 replies
Where to go to get all the information an investor may need like for taxes, trends, what's coming, and all other vital information that I would need to even consider making an offer on a property?
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7 April 2024 | 13 replies
Investigate rental revenue prospects, market trends, vacancy rates, and regulatory issues in possible investment locations second.
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5 April 2024 | 1 reply
We have an opportunity on the BiggerNews channel where we feature your market trends and data questions.