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2 July 2024 | 16 replies
If they say no on that I would probably just do the inspection but be very conservative in your assumptions and particularly onery when it comes to the resolution of unacceptable condition.
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30 June 2024 | 7 replies
I think I remember correctly that for a period of time 80% of real estate transactions involved some sort of seller financing or existing loan assumption.
30 June 2024 | 18 replies
They were based on assumptions that low floating rates would stay low forever and so would cap rate compression.
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29 June 2024 | 10 replies
You can use it to secure a loan, usually between 75-80% of its value, giving you the financial muscle to pay cash for your new property in Florida, in your preferred areas between Port Saint Lucia and Melbourne/Viera.For example (I'm making assumptions):Imagine you're selling your Kentucky home for $400,000.
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30 June 2024 | 28 replies
@Jonathan Feliciano you can say this about Detroit, Columbus, St Louis and many other Midwest cities.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
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27 June 2024 | 0 replies
. +30% vacancy for 24 months, caused by two evictions, one unit on market for 7 months, and the two new properties taking 1 year in renovations instead of 4 month estimate (~$30k of lost income above assumption of 10%)2. $45k from several unexpected large repairs (water leaks, roof collapse, siding rot, plumbing main line, etc.)These issues are also causing me to rethink the assumptions in my model, increasing my vacancy rate from 8% to 12%, repairs from 5% to 20%, and capex from 5% to 20%.
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2 July 2024 | 108 replies
You may assume people who get into wholesaling business are all fools, and that's ok, you can continue being biased and make wrong assumptions.
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28 June 2024 | 46 replies
@Denise Evans that was my assumption. thank you for the clarification!
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26 June 2024 | 8 replies
This is making some broad assumptions... you and your family keep your expenses as low as possible while saving and investing as much as possible.
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27 June 2024 | 11 replies
Sounds like we need to confirm this assumption of it being classified with a lender instead of assuming it will.