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31 May 2024 | 3 replies
While multi family and new built luxury high rises might be going down it does not appear to affect more desirable properties that offer more space, amenities, better locations.I am in South East in a desirable area.What is your take on rental outlook?
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29 May 2024 | 22 replies
They argue that their renovation is top notch, so the price is justified, which may or may not be true, but but generally the high quality of the renovation does not pay sufficient dividends in the form of increased rent, so the price to rent ratio just isn't there.They typically advertise a 9% to 13% cash on cash return, but be careful, this is their "first year projection" and in their first year they do some things that I find a it deceptive, such as not accounting for vacancy because they place a tenant prior to closing, and they budget essentially nothing for repairs or cap ex since it is renovated and they offer a warranty.
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30 May 2024 | 22 replies
ROI - I don't mind your use of AI, just use it as a supplemental tool to your other tools.
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30 May 2024 | 5 replies
I like the pricing of homes and quality of work done.
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31 May 2024 | 2 replies
However the intersection is known to be a high crime area with motels and gas station.
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1 June 2024 | 7 replies
I personally use US Bank [Big stable bank with Zelle capabilities], Relay [Checking and Savings 3%] and then Quickbooks [high interest rate 5%].
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31 May 2024 | 0 replies
Strategic Location: Ellenwood is a growing market with high demand for renovated properties.
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28 May 2024 | 8 replies
However, it is just a tool and you need to know how to use it to get what you want.
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31 May 2024 | 0 replies
One owner is looking to exit to middle to high sevens on yield on cost.Cap exits are high 5’s, low 6’s for some Class A product.Turnover cost projections should escalate: $500 first year, $850 second year, $1000 third year.Consolidation and density of BFR assets can be an issue for insurance companies.
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28 May 2024 | 5 replies
AI is a great tool, but you should learn how to perform your own market analysis, especially if you're a licensed REA.