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20 September 2024 | 2 replies
g=173096))Housing supply shortage: # new jobs per permit issued >1.5 (based on https://www.nar.realtor/research-and-statistics/housing-statistics/housing-shortage-tracker)Rent affordability <.33 (based on https://www.zillow.com/research/housing-supply-32743)Housing affordability <.40 (based on https://www.zillow.com/research/housing-supply-32743/)Based on these criteria I got 3 cities: Raleigh, NCCharleston, SCSan Antonio, TXI would love to know your thoughts on this methodology.
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22 September 2024 | 7 replies
He earned quick money as a wholesaler, and I have a house to keep)Rehab cost: $20k (vinyl floor, interior paint, new dual pane windows, new toilets and bathroom vanities, lights, new landscape, new AC condenser, all done by handyman, spent some extra money for minor plumbing and electric jobs, hydro jet sewer lines, clean up attic (had mice), added some insulationTime spent: 3 weeks (two handymen for the first two weeks, one for the last week)Value after repair: probably around $440kJobs still need to be done later: some dryrots, roof work (it's tile roof, roof doctor quoted me $9k, handyman said probably $5k, home inspector said $15k you can get a new shingle roof.
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23 September 2024 | 13 replies
Either negotiate a good price or only pick upgrades that's necessary in the rough phase and do the upgrades with your own subcontractor/vendors after the house closes (kitchen upgrades, appliances, countertop upgrades, flooring upgrades, landscaping upgrades you can get them much cheaper without going through the builder).New construction is a winner if all things are the same.
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20 September 2024 | 7 replies
That can be remodels, rental data, PM management, and landscaping to name a few.
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20 September 2024 | 1 reply
The report emphasizes the need for CFOs to leverage data on submarket dynamics to negotiate better deals.While challenges remain, the office market’s evolving landscape presents growth opportunities for strategic decision-makers.
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20 September 2024 | 9 replies
Usually people with good credit, income, can get funding for light, cosmetic rehabs (kitchens, baths, paint, landscape).
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19 September 2024 | 13 replies
", shows your inexperience.The cashflow numbers for Class C & D properties only look good on paper because few investors plug the correct assumptions into their ROI calculators.Have seen many newbies use a 5% vacancy factor for Class C & D properties with nothing built into their calculations for tenant-nonperformance or the extra damages low-demographic tenants statistically cause.BTW: we recommend using at least a 20% Vacancy+Tenant-nonperformance number.
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20 September 2024 | 114 replies
Look at everything, from utilities, to landscaping, to property taxes etc to see where you can save.
20 September 2024 | 6 replies
Since it's almost always a "one-off" per student, of the few that actually do a deal, (who then fade away into the landscape) it's hard to call it a successful business plan for the student.
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22 September 2024 | 13 replies
If there are hiccups along the way, such as a long vacancy, my staff is trained to call or email the landlord with updates (weekly is the default, but some landlords don't want that).A five-month vacancy cost you $7,000 in lost income, plus utilities, landscaping, and other expenses.