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16 December 2024 | 4 replies
I can not do a execution of ejectment because the case was never filed in court.
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26 December 2024 | 18 replies
The sales comparison approach is typically done for residential real estate and will be less appropriate and come in under value because there are no good comps, and even an appraisal using the income approach (unless the appraiser is trained to do more complex commercial appraisals) is probably not going to be the most accurate either because they typically use market cap rates and in this case you don’t have good comparable income properties to find the market cap for the analysis.
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30 December 2024 | 89 replies
But I know I have all the legal side set up LLC, Business Checking account, Business Credit card, and getting my permit for STR since you need one in Alexandria VA.I just find it really hard to message landlord/apartment complexes/management companies since I'm very experienced and was wondering if anyone could give me advice on what to say and how to go about pitching my business model to landlords.Right now what I email them is along the lines of "I hope this email finds you well.
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23 December 2024 | 13 replies
Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.
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24 December 2024 | 9 replies
Your question about LLCs is something many investors wrestle with, and the answer really depends on your long-term goals and how much risk you're comfortable taking on.For smaller portfolios like yours, setting up separate LLCs for each property can provide additional liability protection, but it also comes with added complexity and costs.
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15 December 2024 | 8 replies
I've reached out to banks, district courts and county to find where I could get a list.
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19 December 2024 | 3 replies
Hey Bigger Pockets community, I'm just starting out in Step 1 (get educated) on what I want to become a successful career in real estate investment.I also currently run an e-commerce business that is currently completely online, but would benefit from having a brick & mortar storefront, and I had an idea that maybe using the investment capital I'm looking to allocate into real estate into a commercial property my business can operate out of until I decide to sell the property in or rent it out to another business.I am obviously very naive when it comes to the complexity of any good real estate deal (especially commercial VS residential), but I'm hoping to spend as much time learning from everyone here who is on their journey as well.My main concern with the idea of buying commercial to operate my business out of it that I might struggle to rent it out afterwards and that there may likely be depreciation in the commercial real estate market over the next 5 years.I understand there is a lot of nuance depending on the local market but I'm guessing commercial is even less of a "safe" bet than finding a solid residential deal to leverage in some way.
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22 December 2024 | 7 replies
I'm currently selling a 16-unit apartment complex.
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19 December 2024 | 7 replies
Be sure to review the legal documents, oral representations won't stand up in court.
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8 January 2025 | 29 replies
There are a few markets in the US where you are forced to look outside like LA, SF, NYC, Boston etc, but even for Chicago investors it does not make sense to invest in Milwaukee due to the added cost and complexity