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30 October 2024 | 35 replies
It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years.
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26 October 2024 | 25 replies
We had a unique ability to rescue these most folks simply did not have the same abilities.
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29 October 2024 | 21 replies
From what I've heard, peer-to-peer lending platorms can offer decent returns and the ability to withdraw funds relatively quickly if needed.Personally, I've found that investing in short-term real estate projects can be a sweet spot.
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16 October 2024 | 10 replies
So I am thinking my next move since I don't like how well the mail performed, is to try SEO.
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26 October 2024 | 4 replies
Due to his lack of communication ability he has to work through third parties such as myself to obtain this critically needed information.
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25 October 2024 | 4 replies
I strongly despise when costs of mentorship start to impact the mentee's already limited ability to put a down payment on a property.
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30 October 2024 | 4 replies
The ability to purchase a home is near its worst levels since the 1980s.
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26 October 2024 | 6 replies
I have the mental and physical ability to build more, just not the finances...
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25 October 2024 | 8 replies
I estimate each task to the best of my ability and then I estimate my ability itself.
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24 October 2024 | 19 replies
If you have a 12-month history of the property's performance, you may be able to get some wiggle room with more local banks for it.One thing that may impact the lender's ability to lend could be the Debt Service Coverage Ratio (DSCR), but as long as the property cash flows well then that shouldn't be an issue.