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29 July 2024 | 0 replies
Networking, Valuation, and Market TrendsBuilding a robust network is essential for thriving in the competitive land investment market, particularly in high-demand areas like Paradise Valley and Scottsdale.
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29 July 2024 | 0 replies
This would include user verification, deal posting, and investment tracking.Pros:Higher potential for user engagement and transaction volume.Addresses a more significant need in the real estate investment space.Potential for greater revenue through transaction fees and premium subscriptions.Cons:More complex to build, requiring robust user verification and secure transaction handling.Higher initial investment of time and resources.I have already received strong positive feedback from my Dealsletter subscribers, with many expressing interest in a more comprehensive platform.
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30 July 2024 | 8 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.
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29 July 2024 | 2 replies
I took a leap of faith, invested in a run-down apartment complex, and with hard work and strategic planning, I transformed it into a profitable venture.
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27 July 2024 | 19 replies
This combination of affordability, economic stability, and location makes Parma compelling in my research.Taking a deeper dive into the rental market here, I thought this could be a unique investment opportunity because, despite a seemingly low occupancy rate of 23.90%, the rising rental rates highlight a robust demand for single-family homes (SFH), presenting a lucrative avenue for investors like us.The Key Growth Indicator: A significant uptick in SFH building permits during 2022 and 2023 screams a burgeoning market ripe for investment.Property Highlight: Zooming into the zipcode 44134, let's examine a promising investment with this single-family home.3104 Liggett Dr, Parma, OH 44134 On this property, I calculate an ARV estimated between $107,000 and $115,000.
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29 July 2024 | 11 replies
Their platform is robust enough for all basic landlord/tenant needs—rental advertising, screening, applications, rental payment, document storage, maintenance requests, etc.
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29 July 2024 | 9 replies
Always seek strategic advice from a professional.
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31 July 2024 | 20 replies
I specifically want to expand on Chris's point by discussing capital risk buckets, which help set a target return range for IRR.At my company, they are as follows:Core: Lowest risk, Class A product, in Central Business Districts, ranging from 7-10%+ levered IRR (since you're in development, I assume this is most of the asset class you handle).Core Plus: Still low risk, strong location with potential upside, 10-13% levered IRR.Value Add: Medium-high risk, Class B+ or B-, mediocre to strong location with operational or physical upside, 13-15% levered IRR.Opportunistic: Highest risk, major upside potential, varying locations, 15-20% levered IRR.As for the GP/LP split on promoted interest, GPs can choose an aggressive split, but the decision should be strategic and consider the preferences and risk tolerances of potential investors.
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27 July 2024 | 10 replies
Flexibility and a proactive approach will help you navigate challenges and protect your investment.3: Make strategic improvements 🏡Not all renovations will boost your property’s value equally.
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26 July 2024 | 0 replies
This project highlighted our ability to enhance property value through strategic, minimal renovations and effective project management, resulting in a successful and profitable sale.