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22 June 2024 | 0 replies
Partner Driven was interested in the Robinson Ferry Rd deal in Macon, NC, due to its high profit potential and quick turnaround.
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20 June 2024 | 14 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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20 June 2024 | 14 replies
Hello,A good rule of thumb in NC I tell my sellers about: if we get lots of showings in the first 2-4 weeks, but no offers, the price is too high by a good bit (15-25% estimated).If we get showings, and one low ball offer, the price is a little too high (5-10% too high).The longer a property sits on the market, the more likely you'll end up accepting a lower price ...better to go ahead and do a price reduction now and sell it faster, than letting it sit and eventually the market will do the price cut for you.
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19 June 2024 | 7 replies
Prepayment penalties can be used to insure against an early payoff.The times I’ve used this technique to create high yielding note I enhanced the return by being able to sell the property above the price I paid.
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22 June 2024 | 0 replies
Partner Driven was interested in the South Holloway Church Rd deal in Lexington, NC, due to its high profit potential and quick turnaround.
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23 June 2024 | 7 replies
I later attended their high school graduation, yelled louder than anyone there :) They are now married with a baby.The second lady had a friend call instead of her to recommend her friend.
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23 June 2024 | 2 replies
So use of a remote entity is highly suggested.
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22 June 2024 | 0 replies
Partner Driven was interested in the Carriage Lane deal in Oakdale, CA, due to its high profit potential.
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22 June 2024 | 21 replies
One of which I just sold (had it 7 years) because I was tired of frequent turnover and high condo fees.
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22 June 2024 | 18 replies
Low appreciation markets may have low equity position, but high appreciation markets would have significant equity.