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9 January 2022 | 3 replies
I had to house-hack the duplex in light of the loan terms.Their financing offer changed my plans because originally I was looking at an FHA loan with only 5% down.
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13 January 2022 | 4 replies
I am a brand new investor myself looking to purchase my first property in 2022.
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1 March 2022 | 5 replies
Have an $85 a month fee (Just to keep the lights on) and offer 100% commission, but only keep a $850 "Transaction fee."
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8 January 2022 | 0 replies
I have found many deals for wholesale LVP / light fixtures etc.
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9 January 2022 | 1 reply
Looks like it might be a little light.
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9 January 2022 | 6 replies
See picsGross annual income: $250k_______________________________________Using income approach with cap rate$250k x 0.8 = $200k / 0.0366 = $5,464,480 value (3.6 cap rate with 20% operating expenses (newer building but still operating expenses quite low))—-----------------------------------------------------------------------Future Bevan Ave developmentDesired price: $8.5M18x units Year built: 2023Finishes: Quartz, new Projected gross annual income: $384kUsing income approach with cap rate: $384k x 0.8 = $307,200 / 0.0366 = $8,393,442 (3.6 cap rate with 20% operating expenses (brand new building 20% operating expenses more realistic)—-----------------------------------------------------------------------Comparing the properties by gross income. $384k (Bevan) - $250k (sutherland) = $134k x 0.8 = $107,200 / 0.0366 = $2,928,961 therefore Bevan is $3MM more valuable.
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16 January 2022 | 13 replies
It's really attacktive to live in a huge, brand new community of 3/2 houses with two car garages.
11 January 2022 | 3 replies
I can't speak directly to what it will do on appraisal but I will say generally tenants in these markets just want to see a 'clean' basement with sealed & painted walls and plenty of lighting.
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10 January 2022 | 5 replies
Most landlords like to see job stability and you being the main source of income having a brand new job will be of concern to many landlords.
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15 January 2022 | 2 replies
A call to a town building department, or an internet search should answer that for you.2) I have found The Journal of Light Construction to be an excellent source of information.