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23 August 2016 | 17 replies
We didn't have a lot of changes - I was very clear as to what I wanted, we only had a few minor tweaks and most of it was due to his interjections of items we didn't want.
5 November 2014 | 9 replies
Good luck to you and don't get frustrated just keep working and tweaking the process until you have a system that runs smoothly!
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2 March 2019 | 17 replies
:)I think I've tweaked our pricing to account for the difference between what we save the client and what we charge for the service.
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24 June 2014 | 26 replies
I don't know enough about Texas closing costs or taxes, but I'll throw out some example numbers and you can tweak with the actuals:Purchase Costs:- Loan origination: $3000 (Based on 5% of loan value, which isn't clear)- Loan related stuff: $1500 (Based on what was written above)- Inspections: $400- Closing costs: $1500 (No idea in your area)Holding Costs:- Loan payments: $5000 (Assume about 6 months worth)- Taxes: $1500 (No idea in that area, but assume 6 months worth)- Insurance: $600 (I'm assuming $100/month)- Utilities: $900 (I'm assuming $150/month)- Lawn care: $300 (I'm assuming $50/month)Selling Costs:- Commissions: $10,000 (Assuming 6%)- Closing costs: $1000 (No idea how it's done in your area)- Concessions: $5000 (Assuming 3% of sale price...no idea what's typical)- Home warranty: $400- Staging: $2000 (Always a good idea)Adding all that up would put your fixed costs at somewhere around $33,000.That seems high to me (20% of resale), but that's probably worst case, and you can figure out your own numbers based on what's typical in your area.So, to determine your potential profit:PROFIT = ARV - PURCHASE PRICE - REHAB COSTS - FIXED COSTSPROFIT = $163K - $69K - $40K - $33KPROFIT= $21,000That's about 13% of ARV, which is just a little bit below what I look for, but again, the Fixed Costs numbers may be higher than the true numbers, and the profits/margins could therefore be a bit higher as well.Overall, I'd say this is a reasonable/typical/average deal (based on my experiences) ASSUMING the numbers you provided and the Fixed Costs I calculated are all accurate.I would suggest verifying the ARV, verifying the Rehab Costs and calculating your own Fixed Costs.
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28 July 2017 | 22 replies
While application criteria is good as a pass/fail, the acceptance standards need to be tweaked at least yearly to reflect the tenant pool and market.
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8 December 2015 | 8 replies
The seller is going to choose the sales price, calculate NOI then determine what CAP rate that equates to (sometimes they will tweak the NOI to make the CAP higher).The buyer on the other hand will want to look at the NOI and market CAP rates (or desired CAP rate) then decide if the price makes the particular property worth pursuing or not.The market CAP rate does not exist without somebody transacting property at a set price.
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23 October 2017 | 14 replies
If no one else is and your not getting any luck then maybe it is price of the rental or possibly something wrong with the product.Normally if you are not getting any calls then I would suggest either it is not priced right or the marketing message needs to be tweaked to be made a little more enticing...
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30 October 2018 | 25 replies
I have been a landlord for over 13 years, and am constantly tweaking my lease.
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3 April 2023 | 18 replies
I would tweak your choices.We find the LVP works well but put carpet in the bedrooms.
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11 November 2014 | 9 replies
You can then continue to Tweak and adjust for future meetings.