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12 January 2025 | 25 replies
Fair enough, I have partial ownership of a commercial (apartment) building in the Bay Area and I would estimate it as a Class A- to maybe Class B - great location, great tenants, nice amenities (not high end like gym, new pool, community room with big screen TVs, etc), high rents, but building is older (built in 1950s).One investor I saw post that they look at where Starbucks and Costcos are opening and possibly factor that into looking at different markets.
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2 January 2025 | 15 replies
You are best off to raise the rent and give the tenant the option to stay.Also, I hear a lot on here that "rents should be", "the potential rents are"... make sure that you do your due diligence when calculating potential rents because most new owner OVER estimate them.
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30 January 2025 | 62 replies
Estimated about $25,000 including utility hookups.
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25 December 2024 | 6 replies
Amortize your major repairs (roof, hvac, built in appliances) and add an estimate for small maintenance.This feels not terrible to me.
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14 December 2024 | 15 replies
you just have to estimate them based on what the property needs.so if it needs a new furnace + a bathroom gut and remodel + new windows, you estimate that.
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29 December 2024 | 8 replies
Research comps in the Milwaukee area or connect with a local appraiser to estimate your property’s potential value.Depending on the rental income, you might explore DSCR loans for your refinance, as they rely on property performance more than personal income.
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15 December 2024 | 9 replies
What do you estimate rent at?
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7 January 2025 | 8 replies
Also if anyone can explain how much I should have saved to get started and a rough estimate of how many single families I should have before moving on to small apartment complexes etc.If you have read this far I greatly appreciate it, thank you so much!
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26 December 2024 | 15 replies
Don't get me wrong I'm happy to help get you some estimates if that's useful hahah but still not something I'd recommend.
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27 December 2024 | 4 replies
Managing it has been exhausting, especially with the tenant issues and LA’s landlord policies.Here are some details about the property:Purchased for $650k, with about $90k spent on renovations.Current Redfin estimate: $1.1M.Mortgage interest rate: 3%.Would selling it “as-is” during the eviction process make sense financially?