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24 June 2010 | 12 replies
For instance, you and Jon (thank you both) have shared links to two companies that regularly produce information-packed reports, and these reports provide some level of analysis for the company's purposes.
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15 September 2011 | 19 replies
BiggerPockets Regular Pocket TierBiggerPockets Big Pocket TierBiggerPockets Biggest TierYou can then add a final level of...BiggerPockets Bursting Pocket Tier
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16 September 2011 | 23 replies
I just need a place to live.Also the reason I'm looking for fixers is because my credit is really bad and I'm self-employed with uneven paychecks so it would be very hard for me to qualify for a regular bank loan.So, am I dreaming or is it possible?
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29 February 2012 | 6 replies
I would not make a regular habit of this practice.
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1 March 2012 | 13 replies
People in localities that participate in the HVP and already receive regular Section 8 vouchers can use these vouchers toward the purchase of a home, with approval of the housing agency.
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6 August 2018 | 12 replies
My income from my regular job is more than enough and I mistakingly said pre-qual instead of pre-approval.
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14 May 2012 | 10 replies
Those are pretty lofty goals for someone new to real estate investing, but definitely attainable with the correct planning, education and execution.
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14 May 2012 | 1 reply
Yes John I specialize as a commercial broker in multifamily.Residential is 10% but can go up to 12 to 13% if you are buying in a war zone that will be a headache for the PM company to manage.Multifamily if you just have a duplex,tri-plex,or quad the rates typically stay around 10% unless you go for ala carte type services which I don't recommend.50 units or more in one development usually the rate is 5%,under 50 units to 20 is about 6 to 7%,under 20 down to 4 ranges from 7 to 10%.These are not set numbers just what I see.It also depends on not only the number of units but what you are purchasing.If an existing management company stays on they might give you a deal but depends on how they performed in the past from the seller you are purchasing from if you would want to keep them.Also a factor is location and if the facility is turn key and fully performing.If the building needs turning (half-filled) around or is completely vacant there will be extra costs by the PM to get it performing again besides the regular percentages.Anything 5 units or over is commercial lending.Hope it helps.
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23 August 2012 | 6 replies
Property management is sue happy.E and O insurance carriers charge money with policies based on data they have learned over time just like car insurance.Usually when tenants and owners have an argument the attorneys say let's go after the property manager.Property management doesn't pay much,is a huge headache,and is sue happy.E and O knows PM is the highest form of litigation claims coupled with construction projects.When a broker sets up a PM company they are smart to keep a separate company so if sued they can shut it down without affecting the regular brokerage or their other assets.
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12 April 2013 | 14 replies
But finding a really good deal is very hard, and this is an expensive approach that will result in a higher debt load on the property than a regular purchase.