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16 November 2024 | 6 replies
Could I fund the purchase using a bridge loan with the assumption to sell my existing home ($1.5M)?
19 November 2024 | 28 replies
I'm originally from Western PA as well (Slippery Rock) and now reside in Atlanta.Here is how I am looking at it along with the assumptions I am making:1) I think the growth prospects are better in the Atlanta market than Pittsburgh from a pure demographics standpoint.2) I estimate your return on equity at 7.2% currently3) Over the long haul appreciation is going to take you further when it comes to net worth than cashflow will4) Doubling of the roofs is doubling the expensesThings to consider:1) What is the year built of your Atlanta property vs. what you could replace it with in PGH?
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23 November 2024 | 38 replies
Here's some other copy & paste advice you might find useful:---------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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15 November 2024 | 32 replies
I've always had an assumption that OH is a Ca$h Flow market and not an Appreciation market.
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19 November 2024 | 19 replies
Seeing that amount in your bank account for the first time can be overwhelming and exciting, especially for a 20 year-old without much money (making an assumption here).
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19 November 2024 | 14 replies
Obviously if you acquire your deals based on this assumption and ended up operating better than it's more money in your pocket.
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19 November 2024 | 6 replies
You have to find a way to implement your game plan within the confines of either an LTR or STR DSCR underwrite assumption.
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21 November 2024 | 39 replies
I will preface this question by adding an assumption and that's most who are seeking asset protection services, do so to protect against claims that could have significant financial repercussions, rather than being drawn into landlord tenant court over a rent payment dispute because the tenant alleges the boiler is defective, so lets focus our attention there.How do these claims typically start?
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16 November 2024 | 14 replies
I know I am going to make mistakes and wrong assumptions, but I hope to lean as much as I can so I don't make them anymore!
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18 November 2024 | 12 replies
Recessions have a good way of making anyone's conservative assumptions look not conservative enough.