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12 November 2024 | 2 replies
Get detailed quotes on these to ensure it’s cost-effective.Zoning & Permits: Verify that your current property allows additional homes and meets zoning requirements for multiple units.Rental Demand & ROI: Assess demand for singlewide rentals in your area to confirm it’ll be profitable after all expenses.If everything checks out, these could be solid additions to your portfolio.
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13 November 2024 | 4 replies
I am a big advocate of home ownership, but in the situation you are describing (not knowing how soon you would leave), it might not make the most sense to buy a condo with restrictions or potential assessments in the future.
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12 November 2024 | 1 reply
While my insurance charges are relatively low each year given this is a condo, I learned to better assess who is behind budget planning at the HOA level for all of the units for roof, cleaning costs, basement improvements (shared by all units), given this was run well by one individual.
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12 November 2024 | 2 replies
Documenting erosion severity, prior concerns, and the contractor's assessment could help support a claim. 2.
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13 November 2024 | 4 replies
You are looking for evidence of water and mold and assessing the structural integrity of the walls and support beams.2.
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14 November 2024 | 22 replies
Their familiarity with the local market and diverse financial products could be beneficial.Huntington Bank: With a significant presence in Ohio, Huntington Bank provides various commercial banking solutions and has a history of working with business clients, including those with complex ownership structures.PNC Bank: As a major regional bank, PNC offers comprehensive commercial banking services and has experience dealing with corporate clients, which may align with your fund's requirements.It's advisable to contact these banks directly to discuss your specific needs and assess their ability to accommodate your investment structure without personal guarantees.
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11 November 2024 | 12 replies
I'm not sure how often they do an assessment on the valuation of their properties, if it's quarterly or annually.The dividends seem very high at .7% for the quarter, which extrapolates to 2.8% for the year.
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13 November 2024 | 12 replies
I live in the Rabbu site - I like the customization aspect, with most sites it provides enough information to make accurate assessments, you can also pretty clearly see the difference between a well run STR and a MEH run STR.
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13 November 2024 | 9 replies
Here’s a quick checklist to cover your bases:Property Condition: Get a thorough inspection to assess major items like the roof, foundation, and HVAC—this helps you plan for any big repairs.Financials: Account for all costs, including taxes, insurance, maintenance, and property management fees if applicable.
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14 November 2024 | 10 replies
You can talk to investors who have done flips and BRRRRs and ADUs and ask them lots of questions so assess if either of those are viable options for you.