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6 April 2024 | 5 replies
@Will Boller I would highly recommend Hostfully.
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6 April 2024 | 46 replies
High crime & unemployment.
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6 April 2024 | 19 replies
Guess what since previous weak tenant was market rent you are losing your ***.I look at high cap stuff when it's few years left ( blend and extend ) or it can be weaker tenant at higher cap rate like 10 cap BUT I want them paying about half the going market rent for the building size or less in that market.
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6 April 2024 | 22 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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6 April 2024 | 0 replies
Location & Demand: Prime neighborhood with high tenant demand, no more than 2 weeks vacancy over 10 years.Strategic Positioning: Rented/sold at market's lower end with a 8-10% annual cap rate.
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5 April 2024 | 2 replies
Is the supply still low and demand still high with the high interest rate?
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3 April 2024 | 3 replies
Which means I will still need to finance about $400k for each property at about 9% rate (the rate is high because we'll using a commercial loan as we'll be purchasing the properties under an LLC).
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6 April 2024 | 7 replies
I have been doing some research but the market in the Seattle area appears to be a bit high for investing.
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4 April 2024 | 32 replies
The combination of rotting food, rat droppings, and general decay was overwhelming.
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5 April 2024 | 1 reply
I would highly recommend not to find a one size fits all for your combined Project Management and CRM needs.