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5 September 2017 | 7 replies
@Michael Plante you have two main options here: You can get a cash out loan on each property separately or you can get a blanket loan on the entire portfolio of properties.
6 September 2017 | 1 reply
This data only includes the 19 small to mid size cities and towns I am interested having investments in.2016 Multi-Family Sales2 Unit Apartment Buildings in my Farm took a dive last year, would have been a good time to buy a 2 unit building but I opted for a 3 unit with better cash flow.59 (2)unit properties soldRed line is the sale price, Blue line is the list priceThe average sale price for the year was close to $65,000The average Discount from list price averaged $9,000Only 10 of the sold properties were purchased at list price or abovePrice per unit was a whopping average of $28,6543 Unit Apartment buildings in my Farm did a little better on price the building I purchased was the last 3 unit in December in 2016 at a 10% discount from the list price and about 11k below market rate at that time.13 (3)unit Buildings soldRed line is sales and the blue line is discount from list price.The average sale price for the year was close to $83,000The average discount from list price was $9,000Only 1 building was purchased at 5k above list priceThe average price per unit was $27,4872017 Multi-Family Sales2 Unit apartment buildings in my farm this year are not suffering as much of a hit to price this year although the average price has continued to drop but only slightly.62 (2)unit Buildings soldRed line is sales and the blue line is discount from list price.The average sale price so far is $58,000The average discount from list price so far is $7,1417 Buildings have sold above list priceThe average price per unit was $30,0003 Unit apartment buildings 201710 (3)unit Building soldRed line is sales and the blue line is discount from list price.The average sale price so far is $75,000The average discount from list price so far is $8,7231 building has sold at list priceThe average price per unit is $25,175SynopsisAlthough there are some minor fluctuations in the NEPA Multi-family market the next chart shows all Multi-Family sales year over year which shows the relative stability of the market.
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26 September 2017 | 23 replies
You will manage your physical plant (the property itself) and also the Human Resources (the tenants).
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6 September 2017 | 1 reply
@Michael Plante Many I know sell the home and land as a package or sell the home but rent out the land.
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11 September 2017 | 6 replies
@Michael Plante, Thanks for the suggestion.
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10 October 2017 | 11 replies
This is more a serious concern of mine because the cigarette butts are being left in the grass/plants at the edge of the wooden deck.
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10 September 2017 | 17 replies
Like @Michael Plante was saying, if they don't push closings and people buy a house that is no in the middle of the Atlantic, well then Lawsuits would erupt and no one would have a place to live.
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10 September 2017 | 11 replies
They suffer from mythomania.
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9 September 2017 | 6 replies
I'd do something like @Michael Plante suggests.
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21 September 2017 | 123 replies
If they don't, they get more pressure by the loss of their vehicle or having to suffer a major inconvenience to use it.