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30 July 2024 | 8 replies
Quote from @Richie Linnon: I don't recommend small increases over a long period of time because it increases the chance of mistakes, it may still build animosity with the tenant, and the tenant may eventually reach a point where he can no longer afford the increases and he will leave.
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31 July 2024 | 18 replies
They MAY somehow get lucky and flip one deal for a small profit; or get VERY lucky and hit an area going through rapid price appreciation and be able to leverage that for a short period of time.
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29 July 2024 | 14 replies
Because it shouldn’t require Wi-Fi to let people into the house, so as long as the lock is letting people in, it’s mostly OK to deal withBottom line: in the freezing cold weather, is it simply that you can’t remotely connect for a time period?
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29 July 2024 | 5 replies
The truth is that the rent rates will likely triple during that time and you will earn closer to $4 million of a 28-year period.
29 July 2024 | 10 replies
Finalizing terms now and will begin inspection period soon.
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28 July 2024 | 10 replies
They will go "fully amortized" after 10 years meaning your draw period ends and you go back into repayment mode.
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26 July 2024 | 2 replies
If they don't complete the deal in 2 years, there is no messiness as their option period simply expires and the purchase portion of the deal is done.
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26 July 2024 | 1 reply
In addition, all STRU cleaning companies will be required to use the new multipurpose site located on Center View Road for waste disposal.The multipurpose site was designed to better accommodate the needs of cleaning companies, including extended operating hours and even hours on some holidays.County residents will still be able to use the Center View Road Center free of charge and take advantage of the extended hours the multipurpose site offers.
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25 July 2024 | 3 replies
made an offer on a property only to find out later that one of the units was going through an eviction.tried to extend our inspection contingency to no avail to buy us some timeended up not being able to come to terms on how to proceed with sellerthe last HOUR of our inspection contingency the seller offers to try and buy out (cash for keys) the tenant the next day (he had a property manager handling the eviction and wasn't even aware of it initially).i get a (risky) oral agreement that even though the contingency window had passed, if the plan falls through my client will still get their EMD back the next day the seller ends up buying out the tenant for a bit over $3,000 and now we can move forward with the deal without the headache of a problem teanant/ picking up an eviction.
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26 July 2024 | 3 replies
At the end of 2025, I will be refinancing two of my portfolios (roughly 80 of the units) and extending the amortization as rates are up.