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2 July 2024 | 19 replies
There is the those that have to sell and yes they are probably selling it distressed or a forced sale- but as you mention if you look at this listhttps://www.nmhc.org/research-insight/the-nmhc-50/top-50-lists/2023-top-owners-list/These companies may have some strategic liquidations but they can ride this thing out.It’s the syndicators who promised people cash and took at short term debt because they played the lottery thinking they could flip a multifamily building thinking prices always go up and cannot now handle the debt burden.
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1 July 2024 | 7 replies
Then you will have your inspection fee every three years that will vary based on the type of building and how many units.
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3 July 2024 | 25 replies
Rather, it's selling the property and investing in a multi-family value add fund (total ~ 7-10 buildings).
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1 July 2024 | 14 replies
That would depend on a few factors:How confident you feel in managing the project (as @William Hutch mentioned).How confident you are in recognizing building issues/concerns, and pointing them out.How much time you have to oversee and research how things should be done.
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1 July 2024 | 12 replies
Pulling out of building additional buildings we had planned.i.
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3 July 2024 | 24 replies
(Assuming fixed rate interest rate) in most the markets i work we are not seeing 100k price reductions.. my project in Oregon new builds I have actually raised prices over the last 18 months to all time highs.
1 July 2024 | 1 reply
If you are planning to spend time in any of the units during the first year the best thing to do would be to communicate to the lender that the building will be occupied as both a primary and secondary property by the owners.
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30 June 2024 | 4 replies
The county auctioned off my house and now we face evict
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30 June 2024 | 2 replies
I am in search of a new property management company for the Jefferson/Shelby County, AL area.
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30 June 2024 | 5 replies
In contrast, according to a Yahoo Climate series on how areas are and would be effected by climate change in the years to come ranked Oregon’s Curry County, which is located on the coast, as the top spot on the list of 10 safest places to live in the Pacific Northwest when it comes to climate change risks, and is rated as 20th safest county overall in the lower 48 states.