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9 December 2024 | 20 replies
I also don't believe it will be easy to gross up the sale price by the 6% and offer it as a concession although I understand your logic behind that strategy.
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3 December 2024 | 3 replies
Phase #1 - Recovery - characterized by high vacancy rates and no new construction- rent, during this phase, is flat or declining- owners offer rent concessions to avoid their property occupancy rate from decliningPhase #2 - Expansions- characterized by declining vacancy and the start of new construction- occupancy improves, concessions are not being offered, and rental rates being to growPhase #3 - Hyper Supply - characterized by new construction and vacancy rates beginning to rise - rental rates begin to grow at a slow rate- rent concession are being offerred due to the new construction in the area [in the hope of retaining current renters]Phase #4 - Recession - characterized by the completion of construction and a decline in occupancy rates - concessions are abundant to avoid high move-out rates Here are some foundational truths about optimizing your investments:#1 sow seeds of success in the down times - "The season of failure is the best time for sowing seeds of success."
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5 December 2024 | 11 replies
Zillow Offers (home owners, buyers and investors to estimate property values quickly) 3.
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7 December 2024 | 7 replies
And one more question I've worked with 3 REA thus far but so far none of them communicate timely (it usually take 2-3 days to get a response even when I'm letting them know I want to offer on a property) is this common?
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3 December 2024 | 7 replies
Should I offer to pay them for their consultation, or are these types of questions common as part of the PM vetting process and is a "courtesy service"?
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8 December 2024 | 14 replies
I can say the number of private messages I received lately from people offering private money is off the charts, which I also find comical as they clearly did not read my profile - and yes my response back is not very kind to them.
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3 December 2024 | 10 replies
For example, if the prevailing interest rate is 7.5%, a builder could offer buyers a 5.5% rate as a way to make the purchase more affordable.
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3 December 2024 | 1 reply
It hit the market, and in just 2 days, we had multiple offers and sold above asking price.
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4 December 2024 | 1 reply
I have someone offering me a bridge loan to help solve my immediate needs however they want me to pay nearly $5,000 for a MAI commercial appraisal.
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3 December 2024 | 2 replies
Should I offer to pay them for their consultation, or are these types of questions common as part of the PM vetting process and is a "courtesy service"?