Don Jackson
Tenant disputes move out charges
1 September 2017 | 12 replies
If you perform the repair personally, you have to be reasonable in charging fair market rate. eg. if it takes 1 hr of your labor for some handyman's work, $20-30/hr is reasonable, even you're probably paid much more in your own line of work.My suggestion is to first fire the PM who obviously wanted to skim some profit by inflating the repair cost while exposing you to lawsuits (remember you're in CA - a blue state and San Jose - a city with rent control).
Mary Joe
Cities where condos cashflow or breakeven with 25% down??
4 September 2017 | 19 replies
@Mary Joe Not meaning to be a smart ***, but if you are looking for passive, low return, risk averse, long term investments, what not just invest in a few good income (dividend paying) blue chip mutual funds?
Lucas Amuchastegui
Screening vs. discrimination
1 September 2017 | 5 replies
Check out the Tenant Screening at the top highlighted in Blue on this forum,,Rental Criteria is what you go on,, you set that and screen per that.
Bill Cippola
Land owner in Blue Ridge Ga seeks info on building apartments $
1 September 2017 | 0 replies
Hello allI have a strip mall in Blue Ridge Ga that has about 11 acres behind it.
Ray Jansma
Lowell Indiana Rental Market
7 September 2017 | 2 replies
Its more of a Blue Collar community, although few do the daily commute to Chicago for work.
Trevor T.
Rent out garage loft in Charlotte, NC
3 September 2017 | 1 reply
We are looking to buy a house within walking distance of the blue line and most houses in that area do not have garages.
Robert Campbell
Linking members in forum posts
12 September 2017 | 8 replies
Click their name and you should get a blue linked name in your post.You can also bring people into the conversation if you are already colleagues with them.
Account Closed
Thoughts on Multi-family RE Market? 2017 vs 2016
6 September 2017 | 1 reply
This data only includes the 19 small to mid size cities and towns I am interested having investments in.2016 Multi-Family Sales2 Unit Apartment Buildings in my Farm took a dive last year, would have been a good time to buy a 2 unit building but I opted for a 3 unit with better cash flow.59 (2)unit properties soldRed line is the sale price, Blue line is the list priceThe average sale price for the year was close to $65,000The average Discount from list price averaged $9,000Only 10 of the sold properties were purchased at list price or abovePrice per unit was a whopping average of $28,6543 Unit Apartment buildings in my Farm did a little better on price the building I purchased was the last 3 unit in December in 2016 at a 10% discount from the list price and about 11k below market rate at that time.13 (3)unit Buildings soldRed line is sales and the blue line is discount from list price.The average sale price for the year was close to $83,000The average discount from list price was $9,000Only 1 building was purchased at 5k above list priceThe average price per unit was $27,4872017 Multi-Family Sales2 Unit apartment buildings in my farm this year are not suffering as much of a hit to price this year although the average price has continued to drop but only slightly.62 (2)unit Buildings soldRed line is sales and the blue line is discount from list price.The average sale price so far is $58,000The average discount from list price so far is $7,1417 Buildings have sold above list priceThe average price per unit was $30,0003 Unit apartment buildings 201710 (3)unit Building soldRed line is sales and the blue line is discount from list price.The average sale price so far is $75,000The average discount from list price so far is $8,7231 building has sold at list priceThe average price per unit is $25,175SynopsisAlthough there are some minor fluctuations in the NEPA Multi-family market the next chart shows all Multi-Family sales year over year which shows the relative stability of the market.
Justin Pokrywka
Lower income neighborhoods and investment properties
26 September 2017 | 23 replies
These areas are blue collar type or warzones.
Mark Douglas
Can I Stop Looking for Deals Now?
20 September 2017 | 27 replies
You're trading some nice blue chip property for cash flow, I am assuming?