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22 October 2024 | 7 replies
This helps reduce operational costs and increase efficiencies, hopefully giving the landlord back time to spend on other areas of the business.Market Trend Predictive Analytics: There are AI algorithms that can analyze large amounts of data in order to predict property values and future market trends.
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21 October 2024 | 176 replies
I guess this isn't a real prediction though.
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21 October 2024 | 2 replies
According to recent predictions, mortgage rates are expected to stabilize in 2024, which could bring more buyers back into the market.Feel free to reach out if you have more specific questions or need further guidance on navigating the Hampton Roads real estate market.
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25 October 2024 | 33 replies
This is about are you going to get motivated seller leads reliably, consistently, and predictably.
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17 October 2024 | 0 replies
Based on the supply of homes for sale and the time of year, I predict home values will drop a little bit over this winter until early spring.
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19 October 2024 | 14 replies
For me, I like to have a predictable system.
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17 October 2024 | 1 reply
You won’t have to worry about which policy or carrier covers what, reducing the chances of delays or disputes between carriers.More Predictable CostsScheduled programs often allow for more predictable budgeting.
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18 October 2024 | 5 replies
This is a solid, predictable income stream.Low debt: With only 7 years left on the loan, you're close to owning it free and clear, which will significantly boost cash flow.Diversification: Keeping the fourplex provides diversification alongside your other investments and W2 income.Local market knowledge: You likely have a good understanding of the local market after 10 years of ownership.STR potential: Michigan has some attractive STR markets, especially in tourist areas.
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15 October 2024 | 2 replies
For a $35M property, this equates to about 1.43%, which is slightly higher but still reasonable.Market Norms:In some cases, commissions for very large transactions can be negotiated lower, especially if the property is expected to sell quickly or if the broker anticipates minimal effort to close the deal.The presence of a flat fee for properties above certain thresholds is not uncommon and can provide predictability for both the seller and the broker.Conclusion:The commission structure provided in the image appears to be fair and within the typical range for large commercial real estate transactions.
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16 October 2024 | 8 replies
You can’t predict wildfires or earthquakes either, right?