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12 July 2024 | 17 replies
As is price point.. this will give you a better long term outcome.if you buy way under median your getting into renter dominated neighborhoods and schools for sure will be bottom ranked.. instead of going East have you considered Vegas.. lowest prop tax's basically in the country. no big weather issues desert landscape super simple to take care of.. and Stucco homes with tile roofs no big thunder and wind storms to ruin roofs etc etc.. you can buy nice rental house there is a solid B location for about 300k. just worth checking out if you never have..
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12 July 2024 | 79 replies
I feel like those with cash right now are going to get the best deals...market is softening and fair-weather investors are bailing.
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10 July 2024 | 11 replies
I've always had this dream of a beach home within walking distance to the beach, so I realize I probably need to back up and look at this more objectively instead of emotionally when it comes to extra wear and tear and higher insurance costs, weather impacts, etc.
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9 July 2024 | 17 replies
I'm mostly more concerned about the end connections and in poor weather conditions (e.g. a strong summer squall or a hurricane) if it will stay up.
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9 July 2024 | 1 reply
., the National Weather Service recorded 119°F, peaking at 120°F by 4 p.m.
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11 July 2024 | 6 replies
If a downturn happens and rents go down 15% as well as occupancy, can the investment weather the storm for a few years or will it go back to the bank, with your money being flushed down the drain?
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8 July 2024 | 42 replies
I want to get involved in multi-family weather I am an LP or GP.
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8 July 2024 | 2 replies
As a hard money lender who works with many investors in the Portland area, I can share some insights on maintenance costs for multifamily properties in this market, though individual experiences may vary:Lots of investors report a slight decrease in maintenance costs during winter months, bc of:- Fewer landscaping needs - Less wear and tear on HVAC systems (as heating is generally less intensive than summer cooling)- Reduced tenant turnover in winterWinter-specific issues can arise:- Potential roof repairs due to heavy rain or occasional snow- Gutter cleaning and maintenance to prevent water damage- Heating system repairs or maintenancePortland-specific factors:- The mild climate helps reduce extreme weather-related maintenance issues. - Older housing stock in some areas may require more upkeep. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!
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8 July 2024 | 2 replies
There are challenges everywhere for different reasons -- weather, building codes, tenant culture, competitive market, high cost of labor.
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7 July 2024 | 8 replies
I think that work around might work.I am not sure if they will let me transfer but it's worth a shot when it comes up.psI miss all that good weather in SD