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28 September 2018 | 2 replies
Hi Matt,Some paid services that can provide you with transaction info are CoStar, REIS, Yardi.Some FREE resources could be:https://www.irr.com/research/#!
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3 October 2018 | 8 replies
Call the servicing Utility to get an average on the property.Once you get a property under contract you will be digging deeper during the due diligence.Holding costs include (but not limited to) loan payments, insurance, taxes, utilities, HOA fees, etc., that occurs during the Rehab period and up until the property is fully rented.
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30 September 2018 | 5 replies
@Evan File I would review the current property management agreement to see which duties and services are included.
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1 October 2018 | 8 replies
So I am here to BP, soaking up everything I possibly can from all of you true investors, so I can provide the very best service not only for my own investments to come, but also for my present and future investing clients!
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5 July 2018 | 44 replies
Also, Maryland requires that a Resident Agent be identified for legal service.
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5 July 2018 | 110 replies
There are a host of fiscal reasons that all seem pretty obvious as to why that is.
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23 August 2018 | 16 replies
@Adrian Moreno You have two pretty easy options.1) Go to the neighbors and ask if they know the owners and where they are.2) Use a skip tracing service to get the phone number and heirs of the current owner.
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5 July 2018 | 10 replies
I would check out some more options, and figure out if you can find an online service that checks Maine.If you need software recommendations, please feel free to PM!
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2 July 2018 | 25 replies
In Portlandia were are see price concession and or free rent etc on some of the new build real high end 2500 dollar elevator buildings on the east side.. this is happening now.form what a friend of mine who owns a management company with 6k plus doors was telling me at lunch.a few buildings are stressed right now.take this scenario.. you buy the land 3 to 5 years ago it takes at LEAST 2 years to get through permitting then another year to build.. cost of building in this time has gone up 10% or more.. land is static .. and your proforma show this ever increasing rent.. you now come on market and your 4 story elevator building now cost you 400 a foot to build.so your in a new apartment 400k.. you need 2,500 a month just to hit your investor grade 4 to 5 cap.. and now rents start to pull back as they are or lease up is very slow at those values.. so you have full amount of debt on the building and of course everyone these days has max debt.. so debt service and DCR ratios start to go out of wac you have annual reporting and loan covenants .. you no longer meet your covenants and you have a cash call to your lender along with negative cash flow.. this is what I mean by some are stressed..
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30 June 2018 | 17 replies
Again just me I got to thinking well there is not time in the day to do proper client communication and service.. people are going to be calling and want specifics so to me it just seemed like something that would get pretty unmanageable in the Case of a WATER LANDING..