26 June 2024 | 4 replies
Look into their marketing efforts, tenant screening processes, and response times.Service Audit: Conduct an audit of the services provided by Ace Management and Reality to ensure they are actively marketing your properties and maintaining tenant relations effectively.4.
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26 June 2024 | 33 replies
The Geodomes and other smaller structures seem to be the more cost effective strategy.
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29 June 2024 | 4 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.
28 June 2024 | 13 replies
You seem “golden” in any court case when the city inspector was out and didn’t notice it, they didn’t notice it, and you twice agreed to let them go at no cost.
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28 June 2024 | 6 replies
I’ve heard about ‘gap funding’ for fix & flips to cover down/closing/holding costs in addition to the hard money loan for most of the purchase price & rehab, but how realistic is it to secure that type of funding?
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29 June 2024 | 9 replies
There are some scenarios which can change the equation and take priority over the opportunity cost equation demonstrated above.
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30 June 2024 | 22 replies
New builds are far more desirable, and have less total cost of ownership than many of the stick framed, pre-existing, non conforming older homes.
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29 June 2024 | 27 replies
Obviously aside from minor material cost savings the biggest reason is to save labor on all of the cutting in, which I feel would likely be moot with 3 sheens.
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28 June 2024 | 1 reply
It's going to cost about $550k to build and it has already appraised well over $800k.
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25 June 2024 | 1 reply
The OR Coast is remote, but increasingly accessible with low cost flights from most of the aforementioned areas into Eugene, Salem, Corvallis or Portland.