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24 September 2015 | 1 reply
Lastly, are there any investors in the Houston/spring area willing to mentor???
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16 October 2015 | 2 replies
It wasn't until the spring of 2014 that the fire was reignited and a newfound excitement for the industry was formed.I'm looking forward to being a part of the community here and hopefully we can learn and grow together!
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2 January 2016 | 60 replies
Level 1: the "are we remotely close to offer price" analysis Take the gross potential income and allocate 50% - 60% (exact percentage is determined by property age, amenities, and current condition) of it towards expenses Then take NOI and divide by cap rate which gives us the high-level valuation This takes 5 - 10 min to do side note: another way to do this is knowing the average expenses per unit per year for that property time in that market then allocating that towards expenses instead of the 50% - 60% Level 2: the "ok, let's get serious and specific" analysis If after doing Level 1 it makes sense to continue then Level 2 is done In Level 2, you use property and market specific information to run your analysisSome (but not all) things to consider for the specific market/property: taxes and how they are evaluated, vacancy trends, what's currently being billed to residents vs. what could be billed to residents (i.e. water), etc.
2 October 2015 | 3 replies
Anyway I've heard some horror stories before with them but also that they've moved along a lot of short sales since the spring.
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26 September 2015 | 1 reply
I'm looking for a contractor in/around Colorado Springs who specializes in foundation repair.
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12 May 2016 | 5 replies
Can anyone recommend a good investor friendly contractor in the Powder Springs area?
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25 September 2015 | 3 replies
The 100k house had pipes burst and had water damage throughout the house.
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29 September 2015 | 5 replies
For example thier is a $150 storm water assessment per parcel $22 masqueto control ect.
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3 March 2016 | 20 replies
Just so you have a little of the "other side of the coin," we purchased a duplex about 5 blocks west of VCU in late spring.
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28 September 2015 | 9 replies
Landlord pays ~$100 per month water only.Not sure how to proceed.