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21 May 2024 | 7 replies
@Nick BednarczykI think people also need to understand that fed rates are not directly correlated to mortgage ratesMortgage rates are more in line with the 10 year treasury which could remain high if we continue to spend money like a drunken sailor
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21 May 2024 | 2 replies
Check out this on their site, if you think 50th percentile pricing is too high, you may want to try pricing at 25% and see how that looks.
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21 May 2024 | 5 replies
I highly recommend that even if you combine lists, you still have a way to know where each contact came from originally for more effective marketing and targeted messaging.
21 May 2024 | 10 replies
Their sky-high value will begin to decline at some point.End of year I am grossing $25k each unit, and netting $11k on the paid off unit after taxes, insurance, HOA fees and modest repairs.
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21 May 2024 | 1 reply
This preference for city living has fueled demand for urban condos, lofts, and apartments, driving revitalization efforts in downtown areas and contributing to the development of mixed-use communities that combine residential, retail, and commercial spaces.Emphasis on Sustainability and Energy Efficiency: Millennials are more environmentally conscious than previous generations, placing a high value on sustainability, energy efficiency, and eco-friendly features when choosing a home.
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21 May 2024 | 2 replies
Of course, it's harder to find good deals at the moment with the high interest rates.I also have partners investing in Tucson, which is another great market.
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21 May 2024 | 4 replies
He didn't have time to come out for 2 weeks but said high consumption is almost always the HVAC or water heater.
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21 May 2024 | 3 replies
I would highly recommend anyone focusing on residential rental properties in this area to work with Rachel Monzello.
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21 May 2024 | 11 replies
I'd recommend pushing density to 3 or 4 they all finance the same. we picked 3 because of the 35' height allowance in our area. here is a rendering to help paint the picture. our target appraisal value is 550k on the first few and pushing them to more than 600k as we sell some or keep them but if you are the only one building multifamily it's important to highlight the importance of appraisal and selling or disposing of some assets to create comparable to be used. our market has very little 2-4 units built because of economies of scale we are the only builder doing this style and we control the full process and it is a high barrier to entry where we are at. we are able to build at a lower cost now than almost buying a duplex because they are so small. each one is 668 sq ft total of 2004 sq ft.