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23 July 2024 | 0 replies
If you can, making a cash offer can give you an edge in negotiations and a quicker closing process.For Sellers:Price Competitively: Despite slight decreases in the percentage of original list price received, pricing your property competitively can attract more buyers and lead to faster sales.Highlight Unique Features: With increased inventory, make your property stand out by emphasizing unique features and upgrades that appeal to buyers.Market Outlook:Stability and Growth: The market shows stability with moderate growth in single-family home prices and substantial increases in active inventory.
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23 July 2024 | 0 replies
If possible, making a cash offer can give you an edge in negotiations and a quicker closing process.For Sellers:Price Competitively: Despite slight decreases in the percentage of original list price received, pricing your property competitively can attract more buyers and lead to faster sales.Highlight Unique Features: With increased inventory, make your property stand out by emphasizing unique features and upgrades that appeal to buyers.Market Outlook:Stability and Growth: The market shows stability with moderate growth in single-family home prices and substantial increases in active inventory.
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20 July 2024 | 3 replies
Hi guys we just received our for rent payment! As I am accounting for vacancy, capital expenditures and repairs, I have read to use around 5% for each.I am not sure where the 5% comes from. Is it 5% of the rent?
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27 July 2024 | 108 replies
Even on a trial you're assigned percentages of liability, and it is difficult to imagine what you could do in a condo to have 100% liability in any lawsuit.
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22 July 2024 | 8 replies
Send me a message to connect, we can set up a time to call and we can talk to see if it's a good fit. we have a lender that funds acquisition and construction, but must have a hefty equity percentage into the deal.
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21 July 2024 | 2 replies
I've heard that the down payment percentages for investment properties can be higher compared to primary residences.Specifically, I'm looking for insights on:The typical down payment percentages required by conventional lenders for investment properties.Any differences in requirements for single-family homes versus multi-unit properties.Experiences with different lenders and any recommendations for those offering favorable terms for investment properties.Any tips for negotiating better terms or finding lenders with more flexible down payment options.For context, this will be my second property, and I have a good credit score and a stable income.
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22 July 2024 | 0 replies
Occupancy rates remained robust at 74.1%, outperforming the national average by 0.9 percentage points.Asking and Effective Rent (ADR and RevPAR)ADR for all tiers is projected to grow steadily over the next few years:- 2024: $193- 2025: $197- 2026: $200- 2027: $204- 2028: $209RevPAR is also expected to show consistent growth:- 2024: $155- 2025: $160- 2026: $163- 2027: $166- 2028: $169Upper-tier properties command a significant premium, with ADR forecast to be $233 in 2024, compared to $122 for lower-tier properties.
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21 July 2024 | 4 replies
Plus the cost of most things goes up over time.I guess if the house shortage is bigger than the percentage of people leaving prices will still go up.
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21 July 2024 | 3 replies
I had 125% inputted for Repairs and maintenance, 75% for Vacancy and 125% for Capital Expenditures 😅 just switched them all to regular percentages and it's now showing negative $1,030 cash flow with $3,530/mo expenses.
22 July 2024 | 13 replies
@Ryan Nelson simply counter back with an amount that still makes you happy even after the agents percentage, or counter back with 0% agent commission.