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1 July 2020 | 24 replies
I think the "rates are so low this money is practically free" aspect of the market right now is pushing a lot of would-be-buyers into the field, even amidst the social distancing moves (interesting in itself).Investors seem to be on pause, tenants are TBD, and retail buyers (and most sellers, but the sellers are nervous nellies) are still hunting, but very unsure on how things will unfold.I know we've heard this idea discussed on the podcast before, but I think the biggest "threat" to performance of rentals across OKC is going to be from the Airbnb sector.
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14 March 2020 | 4 replies
Hello my fellow BP'ers, Quick question, I purchased two rental properties in November 2019 and I now have an opportunity to buy two more that are performing considerably better than the two I now own.
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17 March 2020 | 13 replies
Multifamily in some metro's has been traded far too long with valuations based on tomorrow's performance.
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14 March 2020 | 10 replies
The grandkids can keep their earnings to do other things.The kids must perform an actual job..... answering the phone, scheduling appointments, if self-managing.. offload some of the PM duties.
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14 March 2020 | 6 replies
He can technically sue you for specific performance, but that’s such a long, expensive process it’s basically not happening.
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13 March 2020 | 9 replies
Does the bank care if I blow my credit on a sport car?
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14 March 2020 | 9 replies
You can also expect the buyer to sue you for specific performance (court order to complete the sale) along with any damages like alternative housing, storage of his household goods, additional moving costs, etc.Unless there's something you're not telling us, it sounds like the broker did his job and got you an offer you accepted.
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17 March 2020 | 20 replies
It is always up to the buyer to perform their own inspections.
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31 March 2020 | 15 replies
Another time we showed up at the scheduled time to perform repairs and tenant called the police and had me escorted from the property.
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22 July 2020 | 16 replies
Obviously, the companies will try to boost up the rental to entice you to choose them as they indicate they can get this rent; however, I've had analysis done with separate companies both came back with similar figures ~$2100/month rental (they have not performed an in-depth analysis just based on location etc).