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20 May 2020 | 15 replies
For clients, I'd say that if a PM can work efficiently and effectively within the software they are using, that is FAR more important than the owner portal features you want to see; a PM with good systems is not going to switch their core software, and there are plenty of subpar PMs who use great software with poor results.
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4 May 2020 | 28 replies
I'm shopping in Long Island NY and it seems impossible to buy using the 1% rule in this market.I've done some more detailed analysis of deals and it seems like 0.8 might be appropriate here; mMy analysis works like this:Run comps for rent and determine market rentCalculate 85% of market rent and I have my "effective rent" (deduct 5% each for vacancy, management, and CapEx)Calculate PITI (principal, interest, taxes, and insurance)If effective rent > PITI; property cash flows?
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11 June 2020 | 5 replies
I'll use 15% for the investor effective tax rate unless you know otherwise...
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5 May 2020 | 6 replies
Using your personal credit card is not ideal as it will negatively effect your credit score and your DTI.
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16 May 2020 | 65 replies
That's the beauty of BRRRR model if used effectively.
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3 May 2020 | 7 replies
It’s more a one time offer of “cash” assistance to help pay for closing costs and effectively roll those allowable costs into the loan.
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7 May 2020 | 10 replies
With many corporations now supposedly considering work-from-home as the new normal, what do you think the effect will be on real estate?
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8 May 2020 | 17 replies
Thanks @Greg Dickerson, @Spencer Gray, @Roni Elias for your comments.Yea, I agree with two big factor being the debt type, and rent increase assumptions that will be effected in deals going forward.
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3 May 2020 | 9 replies
In 7 Habits of Highly Effective People Stephen Covey talks about "sharpening the saw."
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1 July 2021 | 5 replies
Assuming notice is given on/before 5/15, this can go into affect on 8/15 with a signed new lease agreement effective 8/15/20?