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21 May 2024 | 6 replies
Andrea,My corporate office in in Chicago and some of the 2-4 units right now offer a good price point and cash flow.
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21 May 2024 | 34 replies
The investments should be chosen based on increased wealth, so that an investment in land, providing no income, but likely to triple in value in 24 months, would be chosen over a office building throwing off 12% income, but unlikely to increase in value.
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21 May 2024 | 12 replies
IN any case, I would send a certified copy of the new terms to the Housing office along with same copy to the resident; Then I would confirm with the Housing Authority/Resident they received the letter & acknowledge the new terms.
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23 May 2024 | 43 replies
The game does not include the little boarded up houses :) Now what Aaron is describing could be where one of those little green houses are if you passed on the medical office worker crowd.Lets take these 3 options below and put aside the cash flow on paper part for a sec.Five years hold scenario:Medical renter 70kAarons 40k guessingBoarded up zone 20k Let say the medical center house only turns over 2 times in 5 years, no issues, one month vacant.
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20 May 2024 | 1 reply
Some offices will do as little as 50/50 and graduate up as you increase sales volume each year.
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22 May 2024 | 77 replies
These data points you can get from the recorders / assessors office.
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21 May 2024 | 44 replies
I told them they are nothing more than bank loan officers, whose job is to sit and wait for someone to come in, hand them an application, then walk it down the hall to the loan committee.
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20 May 2024 | 0 replies
Stephen Micham at UHM (Union Home Mortgage) Loan officer
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20 May 2024 | 14 replies
Iam also going down to the code enforcement office to see what the house is failing for.
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20 May 2024 | 20 replies
I will give you some of my highlights.People in Texas complain about their property taxes at 3% ours are about 4.5%.New York in general and Monroe county specifically are very tenant friendly.Depending on the town, the code inspectors/police can be quite anal.Since Covid and the 2020 protests we’ve seen an increase in crime in the city and therefore weakening demand in the city proper and increasing demand for the suburbs.Industry is well diversified—University of Rochester (medicine) L3Harris (defense) xerox (IT) and paychex (software/hr)) and relatively recession proof.Population growth is low and therefore appreciation (except the past 4 years) has been moderate as well.There aren’t many builders in the area so supply is relatively fixed.Home (and rent) prices are both affordable with homes typically being less than 1/3 median household income and rent being similarly affordable.For single family homes at 8% rent will cover piti with about 100$ to spare in the A areas.