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1 November 2024 | 30 replies
I’ve had 2-3 buyers interested in Lakewood and Edgewater areas continuously over the last 1 1/2 yrs so have spent a lot of time looking at properties in these areas- here are a few additional observations:The numbers on renovated full size Lakewood two family don’t match most investors criteria (greater than 7% ROI).
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28 October 2024 | 13 replies
Something in the middle will work fine (unless you have a lot of devices connected (like 12+) in addition to computers. 500k upload speed is generally sufficient.And one more tip to finish.
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26 October 2024 | 4 replies
I'm only in LTRs currently but realizing MTRs may be a great addition.
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26 October 2024 | 4 replies
They should write you a letter explaining the error and that they are going to charge you the additional $400 now.
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26 October 2024 | 10 replies
And many of these will still accept accredited investors (in addition to family offices/private equity etc.) and will often have a target for AIs.
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31 October 2024 | 29 replies
Additionally, title companies and may have an internal real estate attorney to help with the contracts and sale.
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28 October 2024 | 8 replies
Here’s a rundown of my current situation:- Own an S-Corp (landscaping) generating 70k a year- 160k in available cash funds- Credit score around 720- Zero debt- Own one property valued at 365k, 30% equity- Property is rented by the room generating $400 a month after mortgage and taxes- Additional 590sqft house is being built in rear of property for 60k.
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27 October 2024 | 6 replies
This contributed additional appeal and incentive to the buyers.Also, it is always a good idea to talk with local experts.
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26 October 2024 | 5 replies
Maybe do a bit of rehab and increase rents, divide by cap and you see how much value you add to your property's "ARV". example4 units - $1000/unitARV $500klight rehab brings $1200/unit$200*4*12 = $9600 / let's say 8 cap = $120k additional property value ARV $500k -> $620kAdd appreciation, gentrification, more depreciation, refi.BTW a LLC is like $300 if you do it yourself or $500-600 if you hire a lawyer. $700-ish out of state.
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26 October 2024 | 3 replies
I have a traveling nurse ready to rent it “as is” too as an option. 4bed 2bath with 2 additional rooms needing egress in the basement. $115k