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30 November 2024 | 0 replies
At a conservative 6.25% capitalization valuation, the building is worth $16,480,000 in 9 months based on a run-rate NOI of $1,030,000.Key Finacial Highlights:- Projected Total Revenue Potential: $1.15M to $1.7M, reflecting a 48% increase.- NOI Growth: From $603K to a run-rate of ~$1M within the first 12 months, marking a 73% improvement.
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5 December 2024 | 34 replies
I think it will be worth your while to untangle this but it probably will go more efficiently once you get beyond the feeling that this woman is a lunatic.
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25 November 2024 | 19 replies
Be very clear that they must transfer the deposit along with a complete set of tenant records (application, lease, payment ledger, etc.).
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25 November 2024 | 3 replies
To locate a property owner, you can typically visit your local county recorder's office or the tax assessor's office.
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5 December 2024 | 17 replies
It takes a lot of time and effort, but is worth it.
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3 December 2024 | 29 replies
Currently, I invest about 10% of my net worth with them.
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2 December 2024 | 21 replies
@Samantha Springs Here are some options to help lower the mortgage without refinancing that is worth considering:1. ask your lender to remove the PMI, if you have one, that would help reduce the mortgage.
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25 November 2024 | 36 replies
It seems quite buggy and perhaps not worth the hassle.
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28 November 2024 | 26 replies
But you bring up a good point that supply could be at record levels if demand is matching that same pace.
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25 November 2024 | 8 replies
I'll add, since you're pre-closing it's worth reaching out to the seller/current property manager to see what they currently do.