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26 July 2024 | 0 replies
See attached Excel summary sheet.Investment Highlight89% Physically OccupiedSupply Index in a 3-mile radius of 6.8 SF/Capita, 5-mile radius of 7.7 SF/Capita, and 10-mile radius of 8.3 SF/CapitaAdditional Income generated from 4 mobile home lots and 1 mobile home (Not Verified, as thus not included in underwriting assumptions)Key Underwriting AssumptionsDown Payment 25% of Purchase PriceEstimating a CAPEX/Repairs cost of $150,000Estimating Operating Reserves of $10000Stabilized Vacancy and Concessions/loss to lease at 10%Using a cap rate of 7.23%Key Demographic DataTotal Square Footage 21,130 Supply Index: 6.3Population 3,338 1 Yr.
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26 July 2024 | 10 replies
Still believe that:1) With 3D Tours, floorplans and walk-thru videos (taken & shared by listing agent with buyer agents) there's little need for an investor to physically see a property.2) Agents should better set expectations with investor buyers, so they understand that with #1 above and a great inspection, there's no need for them to physically see a property.
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25 July 2024 | 18 replies
When I said how many properties do you look at, I didn't mean physically visit and look at; I meant properties you reviewed, in case I was not clear.
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25 July 2024 | 7 replies
Orange Park has had next to no new supply since the 80s/90s because of barriers to entry in the physical barriers around the submarket as well as the low allowable density for new construction.
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24 July 2024 | 0 replies
Our ability to secure and resell the property swiftly underscored our expertise in maximizing value without extensive physical improvements.
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25 July 2024 | 33 replies
These, for the most part, prevent wild "bad faith" moves.Other investments I have like DSTs and crowdfunding involve actually owning a fraction of a physical building or complex.
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20 July 2024 | 13 replies
AI visually scans thousands of homes for physical distress and can complete the D4D job in minutes - not hours or days.Here is an example..
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23 July 2024 | 0 replies
Our ability to secure and resell the property swiftly highlighted our expertise in maximizing value without extensive physical improvements.
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23 July 2024 | 0 replies
Our ability to swiftly secure and resell the property highlighted our expertise in maximizing value without extensive physical improvements.
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22 July 2024 | 3 replies
I am physically working in NY.