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26 February 2024 | 58 replies
b) if the buyer says " we love the property but we're not going to make an offer (or make a much lower offer) because of that neighbor, then I can document that and use it if/when court comes around.The timing on this is unbelievable...I'm just starting to get requests for showings the past week.I really appreciate all of the help my friends.....
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23 February 2024 | 24 replies
Properties sold to Fundamental Partners for about 12% below foreclosure value.I wonder if 12% will be enough to weather the storm.I believe these are Fed Low Income Rent controlled, I wonder how much longer that will last (with no ability to raise the rents).There looks to be quite a bit of Physical Damage to some of the brick walls, and the Trash from the pics looks to be piling up to the clouds (Citation Level).I wonder what the occupancy level is, as there seems to be lot of mailbox doors swinging in the wind.Were these guys hand picked by the forecloser to take this over, or did it go to open bid with another lender underwriting a new loan?
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23 February 2024 | 1 reply
Prior use will not impact other than lowering the amount of depreciation you'll have to recapture.
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23 February 2024 | 5 replies
You just may need to install an interior door that doesn't allow the upper tenant to access the lower unit.
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23 February 2024 | 13 replies
How is their occupancy levels?
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23 February 2024 | 5 replies
However, if the numbers don't align with your investment goals or managing the property from a distance proves to be too challenging, wholesaling the property could be a reasonable decision.Ultimately, it's important to weigh the financial returns, your investment strategy, and your comfort level with managing properties remotely.
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23 February 2024 | 14 replies
You could try to get an entry level position as a project manager for a construction company?
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23 February 2024 | 14 replies
I had to lower the price of one side slightly do to lack of interest so that was a bummer.
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23 February 2024 | 4 replies
The homes we are looking at are between 75-120k and I would really like to stay in the lower range of that so we can generate a better monthly cashflow, however I am learning that most lenders will only go as low as 75k (which would actually be a 100k deal with 20% down).
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23 February 2024 | 6 replies
This trapping of value would not allow someone starting to scale (I have no issues being able to scale), but it does help my cash flow (which is not good even with the help of the lower rates, it would be huge negative cash flow if I refinance extracting the value with the higher rates).In summary, the rates make brrrr challenging as the extraction of value at today’s rates results in large negative cash flow in San Diego.