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11 January 2025 | 7 replies
The notice should include the date of termination and the reason for ending the agreement.
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28 January 2025 | 9 replies
You can find it through the MNREIA web site or email me if you have any troubles.Type @ and the first few letters of a person's name to link.
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29 January 2025 | 16 replies
We specialize in managing single-family and multi-family homes, with a portfolio that includes properties in the Indianapolis market.
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13 February 2025 | 5 replies
Here are the key numbers:Potential purchase price: Mid-$400k rangeAppraised value: Estimated at ~$500kRehabbed comparable properties (comps): ~$580-600kMonthly PITI (with 5% down, including mortgage insurance): ~$3400First-year PITI (with 2-1 buydown): ~$2900Monthly income (after taxes): ~4-5kLiving expenses (utilities, groceries, etc.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.
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24 February 2025 | 8 replies
It seems like there's an issue at least once a month that I must pay for, on top of trying to budget to fix several leaks (roof included), radiator not working, no shower in one unit, etc.
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17 February 2025 | 5 replies
Many PM contracts have an early termination clause, which could include a fee or require a notice period.
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6 February 2025 | 3 replies
I learned so much along the way, including navigating the legal process needed to remove previous owners (squatters) who did not want to leave.
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7 February 2025 | 5 replies
Though at 1525/mth it is projected to cashflow a little less than 100/mth -- the numbers do not include what I like to call reality numbers (vacancy loss, maintenance, capex reserves).
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7 February 2025 | 8 replies
Courtesy of the video, criteria to consider include Deal Type, Management Plan, Business Plan, Financing, Asset Class, Ownership Structure, Property Class, Location, Purchase Price, Rehab Costs, Risk Target, and ROE Targets.
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7 February 2025 | 0 replies
Some key reasons for privatization include reducing government risk exposure, encouraging private sector competition, and streamlining operations.