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10 September 2024 | 0 replies
Negotiations centered around securing a favorable purchase price, which we achieved through swift decision-making and leveraging our experience in evaluating properties for fast resales.
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11 September 2024 | 13 replies
You are getting good advice.I would say that we evaluate market rent each year but if the increase would be less than $50/month we skip that year.And we raise rent to the midpoint between current rent and market rent.
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11 September 2024 | 10 replies
You are asking the classic question in the MTR space: how does one evaluate what could be a good MTR.Unfortunately, MTRs are at a point similar to where STRs where 10-12 years ago, and there really isn't a one stop shop source for great data.
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10 September 2024 | 9 replies
-Statistically, it's a significantly better approach than zip codes and we assist with block-by-block evaluations when necessary.
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9 September 2024 | 10 replies
Look for cracks in the foundation, walls, or ceilings, as these may suggest settling or shifting.Additionally, keep an eye out for pest infestations, particularly termites or carpenter ants, which can cause significant damage to wooden structures.Lastly, be aware of environmental concerns such as radon levels and underground oil tanks, which can pose health risks.Having a qualified home inspector conduct a thorough evaluation is essential.
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10 September 2024 | 10 replies
When deciding whether to hold, sell, or exchange, you’ll want to look at a few key metrics: your current return on equity (ROE), potential returns from reinvesting, and your goals for the property.Given your appreciation and the fact you're considering a 1031 exchange, it might make sense to evaluate if moving that equity into a larger or more profitable property could accelerate your growth.
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11 September 2024 | 22 replies
As others have said, you need to look at the whole picture.Somebody buying an oceanfront property in Laguna Beach might be happy with a 2% cash-on-cash return, because they are banking on appreciation.Then somebody buying a 12 unit apartment complex in Cleveland might not do the deal unless they are getting a 15% cash-on-cash return because they are going to see very little appreciation and will need to deal with headache after headache.If just evaluating the cash flow, a cash-on-cash return of 10%+ is right to me.
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13 September 2024 | 35 replies
You can work with someone who can evaluate your properties and provide more than one option.
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9 September 2024 | 13 replies
Something that scrapes the data and organizes my list of properties before I start evaluating.
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10 September 2024 | 34 replies
Evaluate Realtor Performance: Reflect on your realtor's performance and consider providing feedback or seeking a different realtor for future transactions if you feel your current realtor did not adequately represent your interests.In summary, your realtor should have proactively checked the status of the POS report and communicated any issues to you well before the closing date.