13 June 2024 | 2 replies
It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?
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13 June 2024 | 2 replies
Communication/transparency with both current and potential investors is paramount to gaining the trust of LP's.
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14 June 2024 | 4 replies
You should only have to change when your current software has a flaw or lacking feature that is causing you to spend too much work on a work-around.
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13 June 2024 | 3 replies
i know this is kind of an old thread, but just wanted to add a few things here: 1. yes you will have to go through permitting process. you will also register this as a SFH with the county.2. you will need to contact DMV to deregister this as a mobile home. 3. you will have to make sure you remove the Axel and the wheels under the home and make preparations to fix the property to the foundation you already have. currently dealing with similar situation in GA, hence researched a bit to find out the process.
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13 June 2024 | 5 replies
What you're experiencing isn't normal, so I would suggest getting things set straight with your current management company quickly or changing gears and hiring a new PM.
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13 June 2024 | 3 replies
Currently, I have one LTR and aim to scale my portfolio while maintaining my day job.
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13 June 2024 | 3 replies
I found my city, found what I thought was a good deal only to find out insurance rates were 2X more than in my current hometown for a long term rental.
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13 June 2024 | 2 replies
I currently have 6 multi family houses (20 doors) also I work 48 hours a week at my w2 job and if I want to continue to grow I will need clear SOP’s if I intend to bring someone on to help.
13 June 2024 | 7 replies
I currently have 3 short term rentals in the smokies.
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10 June 2024 | 39 replies
I put my 10% down, and am looking to insure the property while I deal with current owner residents.