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22 July 2024 | 8 replies
No matter the current market conditions.
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22 July 2024 | 7 replies
These properties are currently being rented for a great amount with great cash flow.Most of the time, these properties are not in the worst condition, but they are not new either (I think about $10-20K in repairs needed) or even properties that have great tenants paying great rent in them.Now, if I analyze the MAO with the standard calculation (ARV * 0.7 - repairs - fee), it won't make sense for the seller, and he won't sell it (found out the hard way haha).What do you guys do in that situation?
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17 July 2024 | 8 replies
My second option is no Fixer-uppers and just buy good condition house for rental investment.
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20 July 2024 | 1 reply
The seller was a foreign landlord who was behind on a few years of taxes, and the property was in C5 condition at the time of initial appraisal.
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21 July 2024 | 11 replies
To provide some background here, my wife and i recently purchased a triplex that has an existing 500 sq.ft attached storage unit (conditioned space) and a detached 5-car garage.
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19 July 2024 | 19 replies
in addition, smokers will say they will smoke outside but for a variety of reasons (bad weather, everyone else is inside, it is more comfortable inside, etc) end up smoking inside.
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22 July 2024 | 9 replies
Property Condition: Consider any repairs or updates needed for either scenario.
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22 July 2024 | 5 replies
This has been disruptive to peaceful living conditions and I was just about to send a comply or quit notice to Steve when this situation with the police and hospitalization occurred.
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20 July 2024 | 8 replies
This helps ensure the rental price suggestions are incredibly accurate by avoiding less similar locations.For property condition assessments, PadStats utilizes AI and computer vision to score properties based on Fannie Mae condition guidelines, which has been a game-changer for precision in rental valuations.They are also expanding to include automated property valuations and crime data heatmaps, making it an even more comprehensive tool for real estate professionals.As for non-AI tools, I still find Asana and Stessa indispensable for workflow management and portfolio tracking.
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20 July 2024 | 11 replies
I have heard that the VA Loans are the most restrictive, as far as a Property can have virtually " NOTHING " wrong with it, I'E. has to be in Liveable/move in condition as the property currently sits, in order for it to qualify.Given this, What things will usually disqualify a property for getting approved for a VA loan ?