10 November 2015 | 56 replies
A home loan being closed as "Settled - less than full balance" may suggest a possible short sale or recent bankruptcy where the home was not reaffirmed.A surprisingly large proportion of bankruptcies are reported inaccurately.
18 October 2024 | 7 replies
This is usually based on the proportion of the down payment, mortgage payments, and other costs each party contributes.Financing Details: Define who will pay for what.
14 September 2018 | 42 replies
With rent and equity growth they can keep 1031 exchanging or refi to pull more equity out to reinvest and grow cash flow.In the beginning I used to think more about cash flow only but now it is secondary to how I can grow equity with a property by future upside and re-position BUT not in such a way it is a massive headache of epic proportions to get that yield.
22 January 2016 | 10 replies
Though our common space is compact, less than 1/3 - usually around a quarter - of the floor space, it contains laundry, mechanical, second bathroom and kitchenette {fridge, sink, counter w/ microwave, no range}.
12 July 2024 | 16 replies
STRENGTHS- strong affordable housing market- cool city with a great feel- nicely mixed neighborhoods with properties in need of repair next to nice homes- large university, robust medical community- decent rents overall, currently trading at 8-10% cap rates- Micron promises growthWEAKNESSES- Micron hype is making people spend way too much on properties- pesky code compliance inspections here too- student housing area is incredibly compact and difficult to get in to- difficult to predict if a property will benefit from renovation or not- contractors are overwhelmed, difficult to get estimatesSummary: Syracuse is experiencing a lot of change right now, in a good way.
18 November 2024 | 12 replies
This reserve amount represents roughly 2–3 years of projected repair costs, which might be a conservative approach, but it gives us a buffer for unexpected, high cost repairs when they pop up.With a larger portfolio, the reserve pool wouldn’t need to grow proportionally, as funds and repairs can be balanced across properties, allowing costs to offset each other over time.
6 April 2022 | 9 replies
The powder fills in a lot of the cracks and over time it compacts down like concrete.With the concrete one, talk to a company and see if you can get a curb built to help keep the water from the road on the road.
22 April 2022 | 64 replies
I don't know if the shape of the income distribution curve has changed or if it has stayed relatively proportional but simply translated higher.
2 November 2024 | 9 replies
I'm asking specifically because I am thinking about throwing a treadmill or elliptical machine in the living room if the person wants to exercise a little while they're there.The unit isn't huge (around 1k sq feet) and it will probably look tacky, but I was wondering if other people have found value in providing some simple exercise equipment, even if it seems out of place.Hi Brandon, exercise equipment can be a great differentiator, but I'd suggest a compact setup in a dedicated corner rather than dominating the living room.
1 February 2018 | 13 replies
The benefits are proportional to the depreciation basis (purchase price).