Nadir M.
Concerns with older buildings.
12 October 2018 | 20 replies
If the apartments are contractor grade and your property is upgraded, then you can potentially charge more.
Donald Green
Going to the next level
11 October 2018 | 5 replies
One flat tire, one sick kid, one broken leg.
Javier Blanco
Hard economic situation. Parents asking me to get mortgage
12 October 2018 | 22 replies
It usually ends in bankruptcy and broken relationships .
Michael Mueller
California 21 days deposit return
14 October 2018 | 4 replies
In your scenario above, the lease has been broken and hence cancelled/terminated, not expired.
Account Closed
Do you ever not do a qtr. insp. 4 tenants that don't complain?
13 October 2018 | 3 replies
Ask the tenants if there's anything that's broken, malfunctioning, or needs maintenance attention.
Ryan Johnston
Comps are all over the place, which one do I choose?
11 October 2018 | 7 replies
Hi Ryan, If the comps support 175K ARV by those upgrades you mentioned, then you can be optimistic because they're obviously selling for that price.
Juan Alvarez
FHA loan for beginners
17 October 2018 | 18 replies
For rehab loans FHA has 203k renovation, and there is the Fannie mae homestyle. 203k is broken down into 203k limited and full 203k.
Kari Atwood
Howdy Y'all from Texas ;)
14 October 2018 | 2 replies
I want to do the upgrades with resale in mind.
Tony Marcelle
How many comps do I HAVE to get?
13 October 2018 | 6 replies
If they are *good* comps (within 1/2 mile, sold in the last 6 months, same basic floor plan, same basic vintage, same basic upgrades, same side of the freeway or river, or mall etc) then 3 is fine.
Perry R.
Continue to hold or are there better options?
14 October 2018 | 2 replies
Probably the biggest red flag is that even with improved rents I'm only seeing a gross noi of 5.4% on asset value and after allowances, expenses, and costs to upgrade it's probably well south of that.I like your thinking.