
16 June 2011 | 18 replies
Violent versus non violent crimes and frequency of occurance.I would want to know in a 1 mile ring radius what the crime looks like as well.You will see a trend of an areas stabilized,going down fast,or coming back up on the mend.When you go to resell you will have to sell at a very high cap to get high risk investors to purchase the property from you.

26 January 2009 | 9 replies
A quad band phone will be able to use the frequencies used overseas.

31 March 2009 | 1 reply
If Mark Twain was still around, he would have a field day (or days, given the frequency).

22 April 2009 | 7 replies
Though I agree with Ryan, people should not be put to death over money, I would sure bet that such things like this happen with far less frequency in China with those kinds of laws than here.
30 April 2009 | 19 replies
There are probably even a few people who do it with some frequency.

24 January 2010 | 3 replies
It took them a while to catch on with the process, but this year alone, I see the frequency of short sales surpassing that of REO property.

7 June 2009 | 4 replies
Do I need to spread out my frequency?

11 January 2011 | 9 replies
Many times the seller will just say something like insurance inspectors are here to take a few pics etc.If the adult is not there do not enter the property.Do not even step one foot in there.Did you review the rent rolls,vacancy loss,turnover frequency,late pays,strength of the existing leases,etc.???

9 April 2011 | 20 replies
A majority of the rentals are 1 units.What happens is one units people move a lot.With a 2 bed unit even if it's a couple with 2 kids you can put a bunk bed in there and the space is fine.With 1 units rents don't appreciate as much and the turnover frequency is very high which is probably why partly the cost are so high.Another key factor is are the utilities separately metered and billed or does the landlord have to include utilities in the rent payment.I specialize in multifamily and this is a key component and a concern for buyers.With utilities rising it can eat into future profit margins.I will also expand on the 3 to 6 months point.The lenders I know at a decent rate won't touch something at 3 months.They will want 6 months to 1 year of average rents and occupancy levels.Now in your situation you can use hard money and the points and rates will be high but you can even get rehab money built into the loan.Then you can refi once stabilized or sell off or exchange into another project.These type of value add plays we call "forced appreciation" deals.A regular bank will not touch stuff usually below 85% and some want 90% occupancy average over time.The reason is if they lend at 50% occupancy and it needs repairs the bank looks at it with risk you will not be able to turn it around and they will have to foreclose or take a big loss.Most banks unless they just opened in the last few years have a bunch of crud on their books they want to unload already.So to take down this deal you will need all cash,some partners with cash put together,or a hard money lender.In these 1 bedroom situations we look at "highest and best use".Even though it was built as one bedroom the highest and best use might be to tear down a wall between the units and convert a majority of the 1 beds to 2 bedrooms.Rent might be a little less than 2 bedrooms but you will have less turnover.Laundry is a big issue as well.If the tenant has to drive down the road to do laundry your rents will be less.If the building has a laundry facility that is on site that is better.The best and highest rents is when you put In-suite laundry in each unit.Pro-formas are CRAP.You NEVER and I mean NEVER pay on a properties potential.If the seller wants to sell based on that they need to put the hard work in.Otherwise you pay on the actual numbers going in.When you do the rehab it's important to get the city or county involved ahead of time.When updating they might require sprinkler heads,fire rated walls,etc.

18 January 2011 | 12 replies
Depends on the size and frequency of the campaign.