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4 December 2024 | 32 replies
Networking in various real estate associations to develop DEEP relationships is part of this program.2.
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3 December 2024 | 7 replies
Basically questions that the PM/co-host need to be able to answer without having to do any deep-dive analysis.Property-specific questions such as property improvement advice, revenue potential, etc. that involve deep-dive analysis might justifiably incur an up-front cost depending on the PM/co-hosts business model.
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3 December 2024 | 9 replies
One of the project neighbors slowed the project by 6 months by appealing the staff decision through design review, planning and zoning and city council.
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5 December 2024 | 7 replies
Sometimes a slow and steady plan is better than being ready to jump on a deal.
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3 December 2024 | 3 replies
Phase #1 - Recovery - characterized by high vacancy rates and no new construction- rent, during this phase, is flat or declining- owners offer rent concessions to avoid their property occupancy rate from decliningPhase #2 - Expansions- characterized by declining vacancy and the start of new construction- occupancy improves, concessions are not being offered, and rental rates being to growPhase #3 - Hyper Supply - characterized by new construction and vacancy rates beginning to rise - rental rates begin to grow at a slow rate- rent concession are being offerred due to the new construction in the area [in the hope of retaining current renters]Phase #4 - Recession - characterized by the completion of construction and a decline in occupancy rates - concessions are abundant to avoid high move-out rates Here are some foundational truths about optimizing your investments:#1 sow seeds of success in the down times - "The season of failure is the best time for sowing seeds of success."
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5 December 2024 | 11 replies
I'd say forget the AI buzzword hype and go back to programming something useful based on real transaction-level data like below (that can help you with any deal you find, from whatever source you have).Sales Comps & ARV estimate:Market Stats:AI won't be able to provide you anything close to this, nor does the RedFin/Zillow market data drill down into the market as deep as I do here.Additionally, if you understand how the leading LLM's work based on a black-box floating point matrix, you just can't trust their conclusions like you can with your own program.
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30 November 2024 | 12 replies
Deep cleans 2x a year if not quarterly are a must if you want top return.
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3 December 2024 | 3 replies
However going into what is normally the slow season, I am concerned about occupancy.
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11 December 2024 | 101 replies
Not only is the growth in the amount of tourists, digital nomads, remote workers and retirees not slowing down in the face of these issues, it's actually accelerating.7.
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25 November 2024 | 9 replies
Would you dig 120 feet of trench 3 feet deep, and get the material, for $350?