1 May 2020 | 2 replies
However, the new ADU laws in California that went into effect Jan 1 2020 may provide a loophole.As I understand the laws, they say that the city cannot use lot coverage to prevent you from building an ADU under certain circumstances, therefore I wonder if I could do the following:STEP #1: Convert two garages into uncovered carports, causing them to be removed from the lot coverage and bringing our lot coverage well below 45%.
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30 April 2020 | 8 replies
The appreciated value of 95k, will have a new effective cap rate with new buyer.
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4 May 2020 | 8 replies
Not one of our 3 buyers or 1 seller that were under contract were effected.
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8 May 2020 | 6 replies
That’s what’s really effecting my score.
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5 May 2020 | 10 replies
The attachment lays out that the Exec Orders are to remain in effect for an additional 21 days.
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2 May 2020 | 24 replies
We were ready to evict, waiting till March, when the 90 day eviction moratorium by Governor Cuomo went into effect.
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30 April 2020 | 5 replies
The election, by the way, is irrevocable and is not a no-brainer, it could create undesirable side effects.
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19 May 2020 | 53 replies
The snowball effect is real.
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2 May 2020 | 25 replies
I think it's the drugs currently being taken or the linger effects of spending many younger years of life in a self-induced haze.
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2 May 2020 | 16 replies
The calculation for calculating NOI for a NNN leased property is a follows:Rental Income+ Reimbursement Income (Tenant reimbursing the landlord for operating expenses)= Subtotal- Vacancy/Collection Loss (% Applied to the subtotal)= Effective Gross Income- Real estate taxes (Typically reimbursed in a NNN lease)- Insurance (Typically reimbursed in a NNN lease)- Maintenance (This will depend on if single-tenant building or multi)- Utilities (Could be nothing is single-tenant building)- Management Fees (Typically reimbursed in a NNN lease)- General/Admin Expenses (Typically reimbursed in a NNN lease)- Reserve for replacement (Tenants do not typically reimburse for this)= NOINOI/Cap Rate = Market Value