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23 January 2025 | 20 replies
If we get the impression they aren't committed or if they are looking for a "get rich quick" scheme, we typically don't accept them in the community.
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14 January 2025 | 17 replies
What does it tell you when a city can't afford to put a few structures with colorful lights for the holidays?
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15 January 2025 | 5 replies
Off street parking is typically more important for high end/expensive rentals.
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16 January 2025 | 13 replies
Typically its done for open space or use for community property (ie. fire station location or other county use) and typicaly would assist in increasing tax base.
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10 February 2025 | 31 replies
We will do the reno typically a week.
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15 January 2025 | 5 replies
Do they value nicer finishes and design or is that additional cost lost on the typical tenant in that pocket?
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13 January 2025 | 0 replies
That’s because the longer someone has lived in their house, the more that home’s value has grown, which directly increases equity.And if you’re one of those people who’s been in their home for 10 years or more, know this – according to NAR:“Over the past decade, the typical homeowner has accumulated $201,600 in wealth solely from price appreciation.”The Benefits of Having Home EquityWhat does that mean for you?
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12 January 2025 | 25 replies
I use standard market PM rates in my underwriting, but I also would not work for those rates but it is fair compensation for the work.I typically use vacancy of 5% not because I have ever had a unit that had that high vacancy but I do not have a no payment category and I want the underwriting to be conservativeon the opposite, your rate is a bit high and your appreciation rate and rent growth are modest.overall, seems like a decent attempt at an analysis.
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17 January 2025 | 40 replies
That document they provided, with all the colored font, was a mess to wade through.
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9 January 2025 | 15 replies
Most DSCR loans come with a prepayment penalty that is typically 5% for the first year, 4 points for the second, 3, 2, or 1 pts for each year.