Thomas Higgins
ABCs of Multifamily Properties
31 May 2023 | 0 replies
đď¸ Understanding the ABCs of Multifamily Properties: A quick guide to Class A, B, and C apartment buildings. đ
°ď¸ Class A:⢠Top-tier quality & desirability⢠Newer construction (last 10-15 yrs)⢠Prime amenities (pools, gyms)⢠Great locations⢠High-income tenants⢠Highest rents đ
ąď¸ Class B:⢠Good but not top-tier quality⢠Older (built 15-30 yrs ago)⢠Fewer amenities⢠Moderate locations⢠Middle-income tenants⢠Moderate rents / Light Value Add (I think the early 2000s)đ
˛ď¸ Class C:⢠Lowest quality & desirability⢠Over 30 years old⢠Minimal amenities⢠Less desirable locations⢠Lower-income tenants⢠Lowest rents -> Highes Risk High Reward Renovated Class C: Upgraded Class C properties can potentially become Class B or even Class A, depending on factors like renovation quality, location, market conditions, and tenant demographics.Knowing these classifications can help investors, property managers, and other stakeholders better understand market segments and potential returns on investment.Here is a question how much does it cost to turn a Class C property into a Class B property?
Mike Neville
Financing Advice For Seattle Area House Flip And DADU Builds
24 May 2023 | 11 replies
These loans provide funds for both the purchase and the renovation costs, allowing you to finance the entire project in one mortgage.For beginner resources on real estate investing and financing, here are a few suggestions:"The Book on Investing in Real Estate with No (and Low) Money Down" by Brandon Turner"The ABCs of Real Estate Investing" by Ken McElroy"The Millionaire Real Estate Investor" by Gary KellerBiggerPockets (www.biggerpockets.com): A popular real estate investing website with forums, articles, and podcasts.Investopedia (www.investopedia.com): A comprehensive financial resource website with articles and tutorials on various topics, including real estate investing.Remember, it's always a good idea to consult with a financial advisor or mortgage professional who can provide personalized guidance based on your specific situation and local regulations.
Michele Velazquez
Keep Tenant or Get Him Out
5 June 2023 | 33 replies
You could also argue that you are now setting a new standard of living, which could command higher rents in the long run.
Vince W.
Someone sued me for Nuisance-Weeds/Brush
5 October 2017 | 6 replies
I have to admit this is due to our negligence not mowing the lawn, I will probably just go to the court argue and pay minimum fine if the judge is reasonable.
Chad Wilhelm
Disposition of Deposit related to Cleaning and Pest Control
5 June 2023 | 4 replies
She is arguing that she should have been given notice to have a chance to come in to take care of it herself.Â
Brandon Green
Structuring JV Deals
19 August 2019 | 1 reply
You want to have it in the contract that abc and xyz are partnering on the deal. Â
Rob Lehmann
Good property manager in New Bedford, MA
14 April 2016 | 15 replies
@Robert AndradeI think this may be a more relevant resource (https://www.flickr.com/photos/massdot/sets/72157651250525442/) which shows activity as recently as this past December. so I'd argue that there is some activity.Â
Shon Butani
How to analyze Real Estate markets?
1 July 2017 | 2 replies
It's a numbers game, and the numbers that matter to REI's have dollars signs in front...not street names, or store names, or school district ratings behind them.Numbers don't lie, so don't argue with them...or force them...or rationalize them. Â
Nick Vriend
Critique Me - I'm Preparing for my 1st Purchase
3 March 2023 | 18 replies
Here is a high level summary of how I've prepared so far:Books I've read: 1) ABC's of Real-estate investing, 2) Real Estate Investing in Canada, 3) The Book on Rental Property Investing. - I try to keep notes organized and create checklists and procedures to refer to later (for property analysis, & due diligence, etc.).Courses (cheap or free): 1) Neal Bawa's Multifamily Bootcamp: Neal has a great data driven market analysis approach that ranks markets based on population growth, job growth, crime rates, affordability, etc. 2) Break Into CRE's Single Family Home Financial Analysis: This goes through an in-depth institutional excel model to forecast expected cashflow.Other: I spend a lot of time on YouTube watching popular real-estate videos, but I find books and courses have more detail.
Lance Cummins
Debt Free Investing
9 March 2014 | 50 replies
First of all Shaun; we are just two guys talking - I am not arguing or 'trying to be right' here.