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21 February 2025 | 13 replies
@Nathan SeltzerTrulia has a heat map feature similar to what you're describing.http://www.trulia.com/home_prices/Probably not a good idea to depend on their data, but you could compare their heat maps to some of your own data and see how accurate it might be for your particular area.
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21 February 2025 | 9 replies
Which is probably worse than knowing nothing.
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25 February 2025 | 18 replies
I would first wait to see what it is for gas and then charge them that portion (tough since weather probably nicer and not gonna be as high).Also you cannot go after the seller on this, but why did your inspector never turn it on?
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8 February 2025 | 21 replies
Wait .. all...This entire question is wrong.See, be careful when you say Every 1000, gets you a deal.Most of you are implying "Law Of Avereges".Law of averages state that something has a higher probability of happening because of the expectation it has to happen because it didn't happen yet.Consider this.
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9 February 2025 | 32 replies
As a two bed with office it may or may not be worth less than a 3 bed but probably.
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18 February 2025 | 13 replies
I think the risk is similar and probably even less likely with midterms, particularly since you should always have a lease agreement for your midterm rentals whereas people rarely do this for short terms.
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21 February 2025 | 12 replies
It eliminates the need for juggling multiple tools or platforms, making managing finances much more efficient.With two properties, I think Baselane is probably the best option for you.
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3 February 2025 | 8 replies
This has been my strategy here in NOVA as well - though true multifamily housing stock is hard to come by as you are probably already aware.
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6 February 2025 | 58 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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24 February 2025 | 20 replies
Not worth it on a 100k house, probably worth it on a 300k+ house in the long run.