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29 October 2024 | 2 replies
Most of the time you're talking about land that doesn't have all that much value and any appraiser that's not crooked is going to recognize the land for what it is - you can't comp 15 acres of swamp or rocky cliffs with 15 acres of flat farmland and get away with that honestly, unless the entire point is to defraud the IRS.
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1 November 2024 | 19 replies
Helical piers placed every 5' should fix this, but for a significant cost. 3) Due to a toilet becoming loose and failure to recognize that the toilet leaks every time it is flushed, the subfloor has "significant deterioration."
27 October 2024 | 10 replies
Just recognize the rate would most likely be in the double digits, especially if the portfolio loan is not in first position.
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27 October 2024 | 8 replies
It seems like the lender didn't recognize my work overseas and I only had 1 year and half of US working record.
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30 October 2024 | 4 replies
“They have single apartments from $900.”Swaw recognized the name of the apartment complex.
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23 October 2024 | 1 reply
I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split
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25 October 2024 | 8 replies
If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.
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22 October 2024 | 0 replies
We saw a unique opportunity in the Junction City market, recognizing the potential for a quick flip with minimal investment.
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28 October 2024 | 40 replies
You raise an excellent point, and it's something a lot of people are starting to recognize as more short-term rentals flood the market.
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26 October 2024 | 10 replies
I am sure BiggerPockets recognized this with the rollout of PassivePockets which should help educate potential LP’s before investing.