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5 December 2024 | 34 replies
She finally sends me a screenshot of this and it appears to be a Naples FL rental group that I belonged to.
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9 December 2024 | 20 replies
If a seller listed a home for $100,000 but was willng to sell for $94,000 as that was likely the FMV, it would be the same to him if he accepted $100,000 with a 6% seller credit or $94,000.I looked at the zip codes of lower priced homes in Memphis, Cleveland and Indianapolis and they appeared to perform betterMemphis38105 - Prices were $35,700 in 2016 and now $116,000(220%)38106 - Prices were $21,600 in 2016 and now $60,900(180%)Cleveland44108 - Prices were $34,000 in 2016 and now $59,800(74%)44104 - Prices were $36,300 in 2016 and now $60,400(66%)Indianapolis46201 - Prices were $42,900 in 2016 and now $149,000(247%)46222 - Prices were $39,000 in 2016 and now $127,000(225%)I should mention that I don't invest in Memphis, Cleveland or Indianapolis.
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15 December 2024 | 59 replies
Not saying there isnt any but when they do appear, they go fast and cash buyers prevail.
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4 December 2024 | 2 replies
This is one of the problems with housing in lower tier markets because on the surface they appear to be great value but capex makes it impossible in many cases to keep them up and running and therefore the cash flow from your spread sheet rarely translates to reality.
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10 December 2024 | 104 replies
I'm also wondering what others thoughts are on the integrity of REICLUB to host and appear to endorse a program that is clearly a SCAM.
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5 December 2024 | 25 replies
The website 51west.properties also scores low on scam advisor ("owner is using a service to hide their identity, high number of suspicious websites on the server, registrar has a high % of spammers and fraud sites, website is (very) young, website appears to be hosted by a company with a bad reputation", all according to https://www.scamadviser.com/check-website/51west.properties...)Trust your instincts.
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2 December 2024 | 2 replies
We have some single family rentals and it appears that our property manager might be going out of business.
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4 December 2024 | 37 replies
Quote from @Connie Kirkpatrick: Quote from @Jay Hinrichs: Quote from @Connie Kirkpatrick: Quote from @Caroline Gerardo: Not registered in Delaware https://icis.corp.delaware.gov/ecorp/entitysearch/namesearch... not NMLS licensed in any stateNot registered in Florida https://search.sunbiz.org/Inquiry/CorporationSearch/SearchRe...8 The Green, STE 4000 is not an office- it's a virtual mail address you can get for $11 a monthhttps://www.trustpilot.com/review/builderbanc.com some of the reviews appear to be from ownership but all are pretty low 2'sDo not give them an upfront fee of any sort.When I discussed with my client, he wanted to give it a try, got the same angry reply.
5 December 2024 | 11 replies
Then I refinanced down to a 6.6% rate but had to pay points but I think it was worth it because it appears rates are going to be higher for longer.
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9 December 2024 | 23 replies
If you sue, and have to "prove" that the neighbor was negligent, then that would likely need to consist of multiple “written” communications from you, the city, or an arborist to your neighbor stating that you/they feel the tree in question is diseased, appears to be dead/dying, is overgrown and posing a potential threat to your property, etc.