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3 December 2024 | 1 reply
Building a Phase 1-5 messaging campaign is the easy part.I'd recommend you build this yourself, so you can see what's working and what's not, and improve it over time with added features, automations, and complexity.
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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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3 December 2024 | 5 replies
Setting that aside, I don't believe its realistic to buy a home and turn around and flip it without making any improvements.
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5 December 2024 | 24 replies
Although I am outside of my comfort zone and feel like an absolute tool (I'm lost and that's uncomfortable), my faith, drive, and want to achieve my family and life goals continues to motivate me to get outside of my comfort zone and push for continuous improvement.
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5 December 2024 | 17 replies
This of course depends on your starting bank roll - but if its like mine (under 100k) - Im trying to put as little as possible into it on top of initial equity and fees.this will likely chew a big hole in your ROI (now if you are looking to improve value with a cash out refi or a great prospect comes along that needs combo new plumbing, roof, windows, foundation repair, etc - well just make sure you know what youre getting into and/or have a good contractor and finger on the pulse of the market when estimating the ARV YOURSELF - couple missed items and you risk having a bad first investment and not doing it again). 7) dont be scared be ambitious ( i should heed my own advice sometimes) 8) define numbers goals within your target areas.
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4 December 2024 | 30 replies
I would need to figure out the building and land, mortgages, contributions, improvements and such.
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2 December 2024 | 4 replies
What you are not including is vacancy, capital improvements, turnover costs etc.
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4 December 2024 | 25 replies
To what extent does landscaping typically add value to a property for the purposes of appraisal and re-financing, compared to other improvements?
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2 December 2024 | 21 replies
But I also sometimes think owning only 1 property in LA would be less stressful and a more reasonable mortgage payment would improve my quality of life.
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2 December 2024 | 2 replies
Ideally AI could improve the property analytics that shape listing prices, a competitive advantage over other brokers.