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14 March 2013 | 12 replies
They should also be able to tell you what type of return parameters their investors are typically looking for and you should be able to compare your structure to those of their more successful raises.Again, it all sounds like a great idea right now, but you have to also remember, capital investors get to make the rules right now.
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21 June 2012 | 51 replies
I had a tenant tell me they only wanted to pay 600 a month when rent is 850.They said they will move.I said that is fine with me.250 times 12 is 3,000 a year in lost market rent.So if I took a tenant at 600 times 12 is 7,200.Instead I have a tenant at 850 times 12 is 10,200.So I can have it vacant for almost 4 months and be at the same point.Plus the past tenant has a judgment and I will have a company garnishing their wages for me.Another item to consider is the cost to get it re-rented.If the tenant has lived there a long time then fix up costs will be high compared to a newer tenant you have to get out unless they had animals,smoked,etc.Once you file eviction on the tenants most likely they will not pay anything as they are saving to move and go somewhere else.The down side of a vacant unit is vandalism and crime,more maintenance,and worrying about busted pipes etc.Hope it helps.
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17 October 2011 | 1 reply
I have heard conflicting responses... some believe it's the same as SFH (comparable sales), others say it's more like a stock ("value" is NPV of future returns).Anyone actually know because they've had an appraisal done for a purchase or refi?
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20 October 2011 | 22 replies
Let me ask two questions: Question #1: If you are a homeowner, what is the ratio of the percentage of your equity in your primary residence compared to your REI equity + primary home equity.For example if you live in a $300,000 home that is paid off and your equity in your home ($300,000) + equity in your REI ($700,000) is $1,000,000.
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20 October 2011 | 13 replies
But even though it was less than 5 years ago, it was still 3.5 years ago and this is an early 20's couple, so a long time for them compared to a mid 30's or older.Considering it makes me nervous to show half of the people the house because I'm afraid they could just be scoping it out to come and steel my copper and a/c compressor later, what is your opinion.
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19 October 2011 | 2 replies
The best way around deed restrictions are:1. a fannie mae deed restriction has a TIME element and a PERCENTAGE element. 3 months and cant resell for 120% of the purchase price. 8 times out of 10 my wholesale fee isnt 20% of what I bought it for, so I can get around that by not being 120% of what I bought it for.2.
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22 April 2020 | 16 replies
How do they compare to top end mobile homes for example?
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25 October 2011 | 14 replies
This neighborhood has maybe half a dozen comparable comps sitting anywhere from 175k - 230k sitting on the market now.
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21 May 2015 | 62 replies
Although it may lack listings for some stations, display incorrect prices once in a while, and have a lackluster interface when compared to its competitors.
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21 October 2011 | 4 replies
Assessed value has nothing to do with market value or what you should pay.You are buying this property based off the income approach as an investment but generally single family properties use the comparable sales approach for valuation,lending,and appraisal purposes.Local recent sold comps would be a better gauge for current market value than looking at any assessment value.Now you do want to look at assessed value for property taxes.Fighting the property taxes and getting them reduced will improve your yearly bottom line.Make sure the cash flow of the property they are reporting does not include exemptions that do not apply to you or they have been putting off capital costs and maintenance to show and INFLATED NOI.