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9 January 2025 | 8 replies
Separately from all of that - I recommend reviewing your lease up procedures to improve verification of signing tenants and their agreement and aware of terms and conditions.
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8 January 2025 | 9 replies
Plus, multifamily properties often qualify for owner-occupied financing options with lower interest rates and down payments.As for timing, here are a few things to consider:Market Conditions: Keep an eye on local market trends.
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9 January 2025 | 28 replies
Now the details, price, condition etc..
13 January 2025 | 21 replies
Finding the correct contact info is hard enough, but if your pitch is that they should sell cheap now, you're misreading the market.Multifamily properties are worth significantly less now than they were just a few years ago, and asking for a further discount due to property condition would probably result in a loss, maybe not even pay off the debt.
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13 January 2025 | 11 replies
The property could likely sell for close to what we put in, about $230k, based on other properties in the area in similar condition.
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6 January 2025 | 5 replies
What condition is the exterior (siding) in?
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7 January 2025 | 0 replies
It was in rough condition, which limited competition and made it a strong candidate for the BRRRR method.Negotiation: After analyzing comps and repair costs, I negotiated a $420,000 purchase price, which was below the market value for similar properties in the area.
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11 January 2025 | 2 replies
Full disclosure, I'm not a disaster expert, politician or climate alarmist, but according to those fighting fires on the California coast since the 1960's, Devil Winds are natural occurrences each and every decade but require highly conducive conditions to be as destructive.
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15 February 2025 | 77 replies
Other people might look at the proof I'm providing and realize that it holds more weight than what people "think" will happen, so I'm posting for anyone who might be into that.
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3 January 2025 | 8 replies
But, this will be front-end weighted and gradually slow towards the back half of the year.