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8 August 2024 | 46 replies
Of course, you can't protect yourself completely, but this will also help you prepare for buying the next properties a little better, and it's an exercise I generally do when I'm on a showing for a property I'm serious about so that I'm factoring this into my analysis to some degree in a "capex" reserve.Capital ExpenseRoofWater Heater x2All AppliancesDriveway/Parking LotBoiler x2FlooringPlumbingWindowsPaintCabinets/CountersStructure (foundation, framing)Components (garage door, etc.)
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8 August 2024 | 17 replies
It sounds like the transaction is close to closing, which means instead of finding a new buyer, they'd likely be open to reasonable concessions.Included full clause below...FORCE MAJEURE: Buyer or Seller shall not be required to exercise or perform any right or obligation under this Contract or be liable to each other for damages so long as performance or non-performance of the right or obligation, or the availability of services, insurance, or required approvals essential to Closing, is disrupted, delayed, aused or prevented by a Force Majeure event.
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9 August 2024 | 8 replies
Truly, finding good people is difficult with an added layer of complexity when you cannot physically meet them Or go see deals in person.
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9 August 2024 | 13 replies
That's a very large book of physical cards to carry around.Whatever you go with, ensure it works for you and your team.
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7 August 2024 | 73 replies
But retail has trimmed physical footprint to defeat that---> yes, lot of store closing, but gov would say it'sretail/walgreens issue or Amazon issueI think people look at the wrong numbers sometimes, but yes in general jobless claims need to and will rise---->yes, more white collar job is affected but since they are rich in cash and rich in equity, that's not translateinto home price reduction so far.More and more evidence is showing that home price appreciation occured because of migration or transfer of wealthrather than the strength of local economy.
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14 August 2024 | 64 replies
Quality white hat backlinks take effort and time so it's not something you can outsource to another country, or buy your way into, without exercising caution.
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5 August 2024 | 4 replies
Our meetups are physically outside Allentown as our team covers Easter PA up to Wilkesbarre.
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5 August 2024 | 10 replies
Now granted that has gone off the rails because I have decided to change our focus because my end goals changed, but doing the exercise helps create the path to walk and figure out what the next steps are.
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6 August 2024 | 28 replies
I like these amongst ,many other right nowREXR - (Rexford) they are a niche (sub-specialist) in industrial warehouse/distribution/manufacturing in the southern California only urban or Infil area, they are not international like PLD - prologis, their MOAT is that SO-Cal has geographic limitation to new inventory, so they have rent pricing power that industrial in rest of country doesn't, also 26 million people in so-Cal and the 2 busiest Ports in country, their earning/revenue projections next few years are best in class, and they are cheaper on price to book than PLD or others, I own some and will buy a lot more in upcoming Recession, likely in next 6-12 months, when publicly traded equities will likely slide by 20-30% although their assets (physical buildings) are only going up in valueVICI- (casino REIT), used to be part of Cesars palace, then Caesars spun them out in 2018, to do sale leasebacks of their properties to take all that physical capex off the books.
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10 August 2024 | 85 replies
- vandalism- unstable economy - and many other problems of an impoverished countryI'm sure once you have a good team (broker, agent, lawyer, insurance broker, contractor, prop.mgr) that you can trust, it's all doable, but building that might take time and money and physical presence.