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8 July 2024 | 10 replies
Create & define your Buy Box and then find properties that fit.Make offers that make your numbers work, not the asking price.
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8 July 2024 | 11 replies
I know at one time VHDA was offering 40 year financing on mixed use projects.
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5 July 2024 | 5 replies
There are small local banks that will offer loan products for such properties, you would have to call around and see (small banks with about 5-10 branches often work best in my experience).
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7 July 2024 | 8 replies
If that is the role you are looking to file I'd think you would be paying between 5-10% of project cost.If you are actually looking for this PM to hire subs, write contracts, schedule, order materials...essentially acting as a GC....I would expect you to be paying between 15-25% of the project costs.I can't speak specifically to your market, but those are some ball park percentages based on my experience here in Chicago.
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7 July 2024 | 13 replies
I imagine there are a lot of 3/2 that probably sleep 8-10 and if you can offer a slightly larger bed count and a cool game room/theme room you can differentiate yourself a bit from your competition and get some extra revenue through slightly higher rate (extra person fees, etc) as well as an overall higher occupancy.
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8 July 2024 | 6 replies
Make a lower offer that reflects more than the additional cost of that problem.
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7 July 2024 | 42 replies
We DO plan to offer these marketplaces in future years, and hope to meaningfully cut down on situations like this (although you can never fully avoid them).
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8 July 2024 | 18 replies
Once I plan to offer the unit, I offer it contingent on successful background check: In addition to the basic applicant approved transunion smart move through buildium which I pay for, when smart move stopped providing criminal background data, I added a $49 tenant paid service through rentprep for nationwide criminal and eviction, bank account deposit verification, and employment verification.
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7 July 2024 | 2 replies
I started looking into real estate as a way to financial independence around that time and was offered to buy my first property by a family member who was looking to leave the investment world.
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7 July 2024 | 35 replies
Initially I was constantly offered trainings and workshops and upsells.