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26 February 2025 | 4 replies
-- National Association of Realtors settled an anit-trust lawsuit last year.
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18 February 2025 | 16 replies
A murder across the street last week.
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21 February 2025 | 250 replies
Oil can only get so cheap otherwise too cheap means production falls because cost of doing business is a net loss.
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28 February 2025 | 9 replies
The management guy which is the owner of his company as well said that there were more applicants but he didn't even bother to send it to me because those applicants had bad criminal records. last week he said there was more applications and he was going to check it but i haven't had any responses from it. today i called him to ask qbout those applications and he sounded a bit upset and said that he was gonna check it today, same thing he told me last week, i also asked his helper and she said that he was the one encharged of my rental. everytime i call him he sound busy. he seems to be all over the place and sometimes i think that he is just not taking the time with my property. also last week i mentioned him that if he could pls change the description of my property online and to add that i accept section 8 tenants and he said ok but still hasn't done it. i could tell that there was no communication between him and his helper who also works with him because one time she called me mentioning that ahe was gonna show the property to someone but my managemt already showed this property to this person. when i did let her know that he said that she didn't know i could tell there was no comunication between them. any tips from you guys , i'm very confused and don't know waht to do in this case
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26 February 2025 | 7 replies
:) Here are the local gatherings:MonthlyThe biggest event is the Augusta REIA (the second Thursday of each month) https://www.facebook.com/reiaofaugustaAnd the second biggest is the Bigger Pockets Meet up the 4thFriday of each month - https://www.eventbrite.com/o/christopher-oyenuga-53272302923There’s also Fit Investors Walk the 1st Saturday of each month at Savannah River Rapids https://www.facebook.com/groups/551851979899690Cashflow (the game based on Rich Dad, Poor Dad) the last Saturday of the month at 8:50am - 909 Walker St (The Auben Realty office)Weekly:Tuesdays: 8:30am, Ubora - 1128 Jones St, Augusta, GA 30901Thursdays: 6:30am, Sunrise Grill - 3830 Washington Rd #10, Augusta, GA 30907Thursdays: 4:30pm – Sole - 1033 Broad St, Augusta, GA 30901Friday: 11:55am – BBQ Barn - 10298 Atomic Rd, North Augusta, SC 29841If you have any questions or if there's something I can help with, just let me know. :)
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30 January 2025 | 19 replies
The days we knew back-when have been sadly mostly lost, to the loss of everyone.
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9 February 2025 | 3 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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16 February 2025 | 7 replies
Your total project cost is only ~ $143k. 3c) Your interest rate is probably going to be in the low to mid 7s, at least4) All states/areas are different, but I usually see with my CFO clients that their property taxes are higher than their insurance, with taxes often 1.5x higher than insurance.5) Lastly, I saw PM fee of 8%, are you paying someone else to manage this?
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14 February 2025 | 19 replies
Even when they are charging you a very high percentage, the agent is probably operating at a loss.
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23 January 2025 | 23 replies
Depending on the loan product, you may be able to exclude business debt once the business has paid the debt directly for 12 months.The income and losses related to the operation of the entity will affect the income side of your DTI (like Jay explained) if you own 25% or more of the entity.