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3 October 2021 | 5 replies
I recommend you check out @Brian Burke’s outstanding book, The Hands-Off Investor to learn tactics for vetting syndicators.
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22 September 2021 | 0 replies
How did you feel about their quality of work and their service3.
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7 October 2021 | 28 replies
And you have a better chance to keep it prestine than long term rental.In my market inventory will start to dwindle soon, sellers are waiting for spring, so the quality of the inventory will go down, which gives you an edge.I would probably keep it on the market the way you have it until you find that one buyer who does not care about not having a garage.
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24 September 2021 | 1 reply
Has anyone had any experience dealing with a company called Passive Investing. I am considering investing in either their apartment or self-storage syndication. Any information would be greatly appreciated.
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24 September 2021 | 9 replies
Include date breakdowns for each statement outstanding.
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3 October 2021 | 9 replies
@Adam Thomas Welu the quality of turn-key companies can vary a lot, Here are some key things to look for.In general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) Don't allow for your own independent property inspection Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) Require you to pay for any renovation upfront Sell only in cheap. low end neighborhoods Don't accurately represent the neighborhood/property classification Don't have consistent rehab standards for all properties Don't provide a scope of work for the property Can't provide references of repeat investors
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10 October 2021 | 18 replies
I do not know who bought it yet or when they take possession.I did end up buying a different property, a 3/plex with 3 beds & 1.5 baths with each unit being about 1,000 sq ft.I'm happy with the outcome, the big advantage with the place I ended up buying:1) Units are side-by-side not up/down so less noise transfer between units2) MUCH better areaHopefully the new owners next door take care of the property and fix it up and improve the quality of the tenants.
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29 September 2021 | 3 replies
Rehab still in progress but we expect to be able to command top rent given the location and the quality of the rental.
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3 October 2021 | 15 replies
Homelessness and increasing rents threaten everyone's quality of life.
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24 September 2021 | 7 replies
Assuming they were paid up till Aug 31st that would leave Sept and October outstanding.