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20 June 2024 | 6 replies
So you're out of luck on that.2nd, it's highly unlikely a rehabber ever has actual knowledge of water intrusion as they don't own a property long enough typically to become aware of the issue.3rd, Indiana is a Caveat Emptor state.
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17 June 2024 | 2 replies
Obviously mounted up high in a readily visible spot "trail cams" work just as well (as a possible visual deterrent), very cheap online.
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20 June 2024 | 9 replies
I wanted multifamily originally but found the lack of inventory and high prices a big obstacle.
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20 June 2024 | 6 replies
I definitely wouldn't go high end, but I would pay a bit more for solid cabinets.
19 June 2024 | 4 replies
SBA lenders are confident the deal is lendable, but SBA rates at prime plus 2.5% are high, and I don't want to risk default.
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19 June 2024 | 0 replies
Total checkable deposits for the bottom 50 remains high.
16 June 2024 | 5 replies
We listed on Apartments.com for their management tools (saw it recommended in a thread on here).
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20 June 2024 | 20 replies
There are several skip tracing companies out there, find one without high volume minimums, flexible pricing options and excellent customer service.
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20 June 2024 | 8 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 | 7 replies
Definitely a focus area from lenders, conventional or otherwise - theres been a reported uptick in occupancy fraud or funny business lately as rates and values have continued to be so high and qualifying so tough - people are more likely to bend the rules on stuff like this - so this is generally the lender response