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5 November 2008 | 7 replies
The Condo Board (which may change over time) can dictate how much money YOU spend and can therefore alter (increase) your operating expenses without your permission.Since many condos have outside and structural maintenance built in to the HOA fees - do the rules still apply?
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28 June 2017 | 32 replies
The founder Del Walmsley has been doing the Multifamily business model for over 25 years and listening to his podcasts and going to his 2 day workshop in Houston was life altering for me, when combined with that amazing Multifamily Millions Book and Loopholes of RE book too.I love how apartment complexes are valued primarily by the Net Operating Income and is not at the mercy of comps.
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25 February 2021 | 8 replies
This translates to an Airbnb guest from out of state as ‘dated and unpleasant’.
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20 September 2017 | 10 replies
I'm not sure how this translates out of California, but it is my understanding that in California, you stop benefiting from tax depreciation after 27.5 years (please consult your CPA for confirmation).
21 October 2010 | 11 replies
Some time later, someone carved "Clear Creek Section 1" out of abstract 336.How do you translate into addresses?
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2 September 2010 | 2 replies
That translates into over pricing and being unable to sell at all.
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27 May 2008 | 26 replies
Basically he said a commission will never alter the sale price of the product you're investing in.
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24 June 2007 | 7 replies
Stuff that blows up a deal can be really simple to a local but not something any one else anticipates.See if you can create what is largely a translation document so that local terms and practices are explained in the RE language of the buyers.
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1 February 2010 | 13 replies
That gives us the same $500 a month in cash flow.Gross Rent $4,500Expenses: $2,250NOI: $2,250Cash flow: $500Max payment: $1,750Max price: $263,038For the $900 units, that translates into $52,607 per unit.
4 February 2010 | 6 replies
If you paid $230K you'd be right at $100/unit/month, not counting the extra expense for heat.A seller second doesn't translate into 100% financing.