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15 October 2024 | 1 reply
Again, the seller refused (although I'm not sure if this would've been resolved legally at settlement regardless). (3) The cell tower was additionally paying a portion of real estate taxes which we were unable to confirm how much they were responsible for and if they had held up their end in recent years. (4) Cell tower had the right to purchase the lot for $1 at anytime during the lease and the right for an additional 2,500 SF of ground space.In the end we backed out at the end of the due diligence period in order to recoup our earnest money.
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13 October 2024 | 4 replies
If you mention where you are investing, and the people you want to meet, they may have keywords set up, and get alerted to your post!
15 October 2024 | 8 replies
.- In our experience, many S8 tenants cannot come up with a security deposit (SD) of a full month of rent:( So, this may be their adaption to the market.
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9 October 2024 | 16 replies
That adds up quickly, probably over 7k in hard expenses.If you turn an apartment over after 12 months, you should have close to zero hard expenses and maybe a month worth of lost rent, possibly $2000 worth of paint and carpet depending on how old they are.
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11 October 2024 | 15 replies
He cries until one of the other partners buys him on the cheap to shut him up.
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17 October 2024 | 20 replies
Prices are high, rates are high, and good PMs and contractors are booked up.
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15 October 2024 | 9 replies
Just set up a nice place, air,vrbo and direct and the rest takes care of itself(considering you are investing in place where STR are allowed and have done associated diligence)
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9 October 2024 | 9 replies
Hi @Leslie Monroy Bloomfield works, we have some huge rents in locations close to the transit lines.
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8 October 2024 | 7 replies
The total amount of interest would likely increase.Also, check your property bill closely this year and next year.
9 October 2024 | 1 reply
I will be paying ALL closing costs, can the seller just give me an incentive for that $54,000 or is that in some way fraud for inflating a price?