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9 July 2024 | 4 replies
I would run a spreadheet and compare the present with the anticipated.
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8 July 2024 | 6 replies
Hi everyone,I'm currently negotiating a real estate deal and would appreciate some advice on how favorable this offer sounds:Price: $3,170,000.0017 units50% down payment5% interest rateBalloon payment in 3 to 5 yearsThey're open to either interest-only payments or an amortized loan structureAdditionally, I'm trying to secure the best financing option available.How does this deal compare to the current market?
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7 July 2024 | 6 replies
If it’s C or above, getting the new management company, doing any updates needed to be comparable to comps, and adjusting the price properly should correct this.
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10 July 2024 | 24 replies
Property prices are relatively lower compared to major Canadian cities.Cons: Certain neighborhoods may have higher crime rates or lower demand for rentals.
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8 July 2024 | 6 replies
I found some properties in Myrtle Beach that were priced very reasonably, and the property taxes are way lower here compared to Austin.
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10 July 2024 | 12 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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10 July 2024 | 11 replies
Also, calculate potential profits by considering purchase price, renovation costs, comparable sales, and expected rental income or resale value before doing a deeper dive into the specifics.
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8 July 2024 | 2 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
8 July 2024 | 4 replies
In my experience it’s much harder to get funding for new construction compared to a renovation.
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8 July 2024 | 18 replies
If now Im using my Transunion Service, using Fico version 8, and someone gives me an Experian report with FICO version AutoScore 4, then comparing the 2 is meaningless.Though Im sure legislators writing these laws have very little idea you could have 48 different potential scores that are all still FICO scores.