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5 May 2015 | 8 replies
When determining my purchase price, should I be placing more weight on the cap rate or rent revenue multiplier?
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3 August 2015 | 17 replies
The rules are guidelines to be given alot of weight considering the vast experience of real estate investors who came up with them.In short, to stay out of trouble
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10 May 2015 | 3 replies
This all gives you baseline information to help you learn enough to create your own estimates faster on the next deal and so on.
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19 August 2015 | 6 replies
Sure enough, by the time the cork pops, all is well and that extra $15k just sold the house faster for more money!
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19 August 2015 | 8 replies
If the stucco is applied near the ground, it will tend to erode faster and collect mildew.
21 August 2015 | 20 replies
HOWEVER, if you are good at what you do, know exactly what you're doing, all your numbers AND know how to network, as a wholesaler or Realtor you are worth your weight in gold.
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3 December 2016 | 80 replies
@Charles HoYou need to resit with your wife and discuss about diversification, pros and cons on putting on more weight on asset class to others.
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26 August 2015 | 10 replies
As I mentioned above, there is limited data available here in which to frame the numbers you did provide (the water/sewer alone could be another $5K/yr) and we know nothing of the economic vacancy, tenant population, asset condition/obsolescence, level of performance or room for improvement.You should be underwriting a property like this to (M)IRR (with a time horizon to your exit) and weight the cash component of the return based upon the nature of the property and its location.
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5 May 2016 | 14 replies
I have a plan for investing and I have done much reading on LLC and taxes but I feel a good expert will be worth its weight in gold if they can help me get set up the right way in the beginning.
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25 August 2015 | 3 replies
If you really really want to buy an apartment in New York City the first thing you should do is to go to a Mortgage originator and go to FTC.gov and download your free credit report and bring that with youYour past credit history is not the biggest problem; what is the biggest problem is that you are aggressive in building new referencesThe fastest way to build a stronger credit report is to do what's called "bank round robin"Take $1000 and go to bank one like Bank of New York, and talk to the manager and say that youd like to build a credit rating and get a mortgage within 12 monthsTheyll give you a secured loan with your thousand; then you take that thousand and go to bank to like Wells FargoTell the bank manager the same thing, that you want to pledge that thousand as a secured CD or savings account and get a $1000 loanThese are called installment loans and now your job is to double up on payments on both loansSo it say your payments $80 a month with each loan or 160 for both of them every monthYou then make four payments every month and they'll be paid off in six monthsAt the end of six months you have 2 open accounts with two banks on installment loans, and paid as agreed with zero balancesYou may want to take one of those credit cards and establish credit at Macy's or other department stores with no more than two of them; Buy something and pay it off right away or keep a small balance because credit utilization rate is an important factor; this means keeping a 30 to 40% balance and even though it cost interest get you more points on your FICO scoreYour length of job in the same industry, you length of residency in the same place, and how you pay your bills on time will build a credit rating faster than anythingFYI I do lease-option assignments where I help the tenant buyers get mortgagesThis plan works faster than anythingGood luck