10 June 2024 | 2 replies
The dilemma i have is that I can’t decide if it makes more sense to embrace the c class identity this property gives the impression of, or put a lot more into the renovation, get better quality tenants and convert it to the B class property that the building (and the area) should/could be. 90% occupied, the yearly rental income is around 600k with 420k NOI.
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11 June 2024 | 46 replies
This will give you the highest-quality renovated comps at the top, and as you scroll down you will get to the worst condition/fixer homes.
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11 June 2024 | 11 replies
My experience overall is that the average quality is about the same.
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10 June 2024 | 4 replies
The growing list of issues include multiple poor quality tenants damaging properties and breaking leases with no recourse, and non-existent communication/accountability from property management to the point where I have zero faith in their personnel correcting the issues I'm experiencing.
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12 June 2024 | 24 replies
Needless to say the first investment I made into the property was for a quality mgt system that was very difficult to override and office/site security cameras.We purchased the property in 2004 and had a mortgage with a TN lender who we had now had 3 mortgages of over 4 million for the 3.
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10 June 2024 | 2 replies
When calculating cap, and other deal analysis criteria, none of them talks about how to assess the property in terms of its appreciation based on structural quality such as brick exterior versus vinyl.
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10 June 2024 | 6 replies
There are others who believe time in the market is critical.I’ve only been at the real estate game for 46 years 😀 and so have been thru numerous market cycles.I’m a time in the market investor.Buy quality properties in quality locations.
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9 June 2024 | 20 replies
Cabinets are usually 200 or 300 each depending on the quality.
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10 June 2024 | 9 replies
Quote from @Dave Vidales-Sanjuan: This leaves you plenty of time to research and find a quality agent that works well with investors.Here's a good article with tips for finding a good agent: https://www.biggerpockets.com/blog/how-to-find-an-investor-f...
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9 June 2024 | 0 replies
Another great tool is to incorporate a quality home warranty (paid for either or both parties) to alleviate some concerns about items that are functioning but not failed.