21 December 2024 | 6 replies
Investors normally get there payments on time, most of the tenants stay for long periods of time because if they move it is a hassle for them, and since section 8 requires that the property stay in certain condition it will help keep the maintenance costs down.
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15 December 2024 | 4 replies
There is a reason we lenders require "skin in the game" and experience.
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6 January 2025 | 31 replies
$77,000 earnings on a $190,000 investment is unheard of in real estate, but quite normal for a well running business.New RE investors are always after cash flow and CoC return.
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23 December 2024 | 13 replies
It is widely recognized as a loss leader within the industry and those who are successful normally have a complimentary business such as a brokerage or a construction company that performs complimentary services.
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20 December 2024 | 3 replies
@Clare Pitcher we do 12+ month leases to avoid vacancies Nov-Feb.If we take over an occupied property, evict or have tenancy-abandon a property, we first let the owner know finding a tenant will take longer than "normal".This opens up owners to understanding they may need to:1) Offer 3D tour and floor plans to stand out2) Price more aggressively or be prepared for aggressive price reductions3) Offer MoveIn Specials:- NOTE: we do NOT recommend offering a month of free rent that can be used at MoveIn.
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18 December 2024 | 13 replies
Wait until the move-out date and confirm she's gone, then handle turnover like normal.
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30 December 2024 | 819 replies
For sure that is zip to zip but generally longer vacancies might be the normal for certain zips/streets.
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18 December 2024 | 4 replies
Just looking at their website, there is no useful or helpful information that a sophisticated investor would normally require (to even give them a chance of being considered).
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17 December 2024 | 36 replies
I've seen some well-known syndicators brag about having "skin in the game" when the truth is they invest $100,000 in $25 million deal but take home $250,000 or more in fees.
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19 December 2024 | 2 replies
You'll then see that delinquency rates are:- At their lowest point since 2006- Historically on the low side of normal - On an overall downward trend for the past 4 yearsIn fact, excluding the artificially propped-up mortgage market of 2004-2006 during which delinquency rates were slightly lower than they are today, bottoming out at 1.41% in 2005, there are fewer mortgage delinquencies today than at any time in the past 33 years.By the way, when these scant 1.73% of homeowners become delinquent on their mortgages, they overwhelmingly have the equity to be able to sell the home at a gain if needed.