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3 December 2024 | 1 reply
I just added laundry to a unit and need to update the lease with a laundry line item.
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4 December 2024 | 6 replies
Unless those items are all satisfied (except for housing violations and some non-monetary liens which follow the property), the department of finance will not allow the deed to pass through to the next stop in the recording process.So even if you wanted to dump a property that was totally upside down with liens to someone who was willing to take it from you, you can't do it.
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3 December 2024 | 15 replies
Is this for all DCSR loans or can these items vary?
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5 December 2024 | 48 replies
Obviously, I’d have to account for utilities and furnishings- I want those that have experience in this area and then maybe I could converse more on such items to look to before signing a contract.
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10 December 2024 | 39 replies
Lastly is structures, and to be honest I think we'd probably have to move the needle $100k or so on that item because I have a feeling from what I've seen thus far is these structures are not of the most durable enduring type and I will have some considerable cap-x over 10yr window on them.
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2 December 2024 | 10 replies
@Marc ShinLike @Andrew Steffens said, for big items, go with quality.
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10 December 2024 | 8 replies
Clean it up a bit to get most bang for the buck add ons and preventative damage items like water leaks.
4 December 2024 | 4 replies
Admittedly, pricing will often account for any major items, and I don't believe this is true in Sandy Springs, but there are some areas that an interstate cuts off a small part of the neighborhood, and so labeling the neighborhood as "good" may be true for 90% of that neighborhood, but if you are in the 10% that is on the "wrong side" of the interstate, it can be a totally different market.
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5 December 2024 | 34 replies
Firstly, the real item is only a question of Point of Production.
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4 December 2024 | 4 replies
Alternatively, are there some ballpark estimates for each expense item (e.g., 8% for vacancy, 3% for capex, etc.) that can be factored in as realistic or worst case scenarios when analyzing the deal?