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5 March 2024 | 6 replies
Is this typical when it comes to fix-and-flips and how should I approach and solve this situation that I am in?
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6 March 2024 | 17 replies
Nathan, Congratulations, as Alecia said the first one is typically the hardest.
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4 March 2024 | 5 replies
Therefore, it is essential to ensure that your eviction grounds are legal and legitimate.It is highly recommended to consult with a licensed attorney who specializes in landlord-tenant law in Los Angeles to ensure that you follow the legal requirements for evicting a tenant when purchasing a 2-4 unit multifamily property.
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5 March 2024 | 6 replies
For instance, in a family-oriented neighborhood, additional storage might enhance appeal and facilitate a quicker sale, albeit with a relatively modest increase in value.It's essential to view these improvements from a value-added perspective.
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5 March 2024 | 6 replies
And most are not ponzi schemes.Per the SEC and FINRA, some typical signs of a Ponzi scheme are promises of outsized returns (which is necessary to have a Ponzi scheme function since it needs a constant flow of new investors to avoid collapse), promises of impossible things like guaranteed returns and/or failure to disclose the true risk of an investment (to make the claimed high returns seem more plausible), etc.
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4 March 2024 | 17 replies
They are typically chasing the insurance carrier as that’s often the easiest source of payment available.
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5 March 2024 | 7 replies
If you're using contractors and getting multiple quotes, they typically can buy material at better prices so I'd let them.
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5 March 2024 | 11 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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5 March 2024 | 15 replies
So the good one's will typically have their brokerage license by now because of their many years of experience.
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6 March 2024 | 9 replies
I will say at these events there is typically way more money looking for a place than there are actual startups with a good plan and outlook in my opinion.