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22 January 2022 | 15 replies
An SFH in Cary/Apex is really only $25K or so more than an apples-to-apples home in some of these cities and with a 20% down payment that really only translates to another $5K downpayment.For anyone that wants to learn more about the Triangle, I suggest signing up to get news from WRAL TechWire.
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11 February 2016 | 24 replies
Renatus is THE ONLY REI Education company which has an A+ rating AND is NOT "BBB Accredited" (translation: they didn't buy their rating like other companies have).
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4 March 2016 | 28 replies
I have ZERO interest in altering my leases because an applicant doesn't like my wording.
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26 March 2016 | 18 replies
That's pretty inexpensive to add a nice upgrade that should translate into increased rents and a higher value when you sell the units, based on the cap rate for your area.You're in a blue state, so everything's going to be more expensive there, so the rates I quoted above may be a little light, but the cost differences between granite and laminate should still be roughly accurate.Good luck.
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6 September 2019 | 185 replies
This is my translation of what I have been reading.How many times did I use the word 'I'?
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15 February 2017 | 13 replies
That policy went into effect 1/1/17 and it will be interesting to see how it plays out.While I find the law to be controlling, I get it, because it's impossible to not let biases effect your decision making on which applicant is most qualified.I wouldn't be surprised to see that trend start in other cities in the future to help limit discrimination.So I would take @Kim Meredith Hampton advice and also keep up to date on your screening laws in your city and state.Side note: listened to a podcast once from Hidden Brain called "#AirbnbWhileBlack"which really exposed the biases that happen with Landlords with Airbnb that are sure to translate to Landlords & Tenants.
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9 December 2019 | 51 replies
I haven’t shown them a single deal in three years—I just don’t see a 10% return by year 3 unless I alter my underwriting assumptions too far toward the aggressive side of the scale.Finally, to your question about how to vet syndicators—there are many threads in the BP forum that can get you started.
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25 April 2019 | 11 replies
Do necessary structural carpentry, such as altering load-bearing walls, joists, headers, and collar ties.8.
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23 July 2016 | 2 replies
I recently worked with Jynell on a very complicated purchase of a property in Indy which included issues spanning many years with (i) the Department of Code Enforcement, (ii) the Zoning Department, and (iii) an open legal case against the previous owner with the City Attorney.With her contacts in those departments & her experience with real estate ordinances/laws in Indianapolis, she was able to seamlessly work across those different agencies, and importantly, interpret & translate what their true issues and concerns were.I was able to successfully close on this purchase, and it was in large part due to Jynell's assistance.If you should have any legal questions/issues pertaining to real estate in Indianapolis ( or Indiana in general), I would highly recommend Jynell!
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23 February 2015 | 10 replies
Pretty close to the 100:3 that was mentioned in an above post.The criteria for 25:1 are....... 1) Listed "as-is" 2) Must be vacant 3) Must have had a price reduction (no time line of days on market required here) This is basically designed to be used on starter homes in the hottest areas of the city you are investing in.Using this strategy and others as well, you are able to look at the "type" of property you want to buy, in the ares that would be best to "buy in" and having a "price reduction" means there is some motivation on the part of the seller which translates to a lower purchase price than the current list price in most cases.