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1 November 2024 | 6 replies
Houses sell on average in 4.9 months and 100% go for listing price.
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31 October 2024 | 0 replies
This isn’t your average “buyer and seller” market; it’s about connecting with people who have serious goals and the resources to reach them.
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31 October 2024 | 2 replies
Anyways, the appraiser used two of the properties that were within the comps report (the higher ones) and we managed to overperform our ARV target by $20k.Lesson Learned -> Later we realized that the appraiser also looked at the rental comps, and the average rent used in the income approach was $2,000...we are renting both units for $2,600 and the average rent in general for this kind of duplex in the area is $2,100 - $2,200, so we could've easily hit a higher ARV, crazy right?"
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30 October 2024 | 4 replies
Hi, How many SMS messages do you send on average to get a lead for p2p texting?
2 November 2024 | 8 replies
The program was created to give low-income tenants an alternative to living in federal project housing.S8 sets their rental rates to the LOW-END of market averages, if not slightly below.What the gurus do NOT tell you is they expect you to get a Class C S8 tenant to rent a Class D property.
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30 October 2024 | 2 replies
I have an investment property with a small front yard and average sized backyard.
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6 November 2024 | 54 replies
On average 14 renters per unit offered.
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31 October 2024 | 11 replies
However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.
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31 October 2024 | 12 replies
Currently, Cleveland has one of the lowest price/rent ratios in the Nation, with the average home price being $187k and the average rent being $1,416/Mo.
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1 November 2024 | 7 replies
Ideally, you'll want to see average 90% occupancy across the board, otherwise you'll be relegated to regional bank and credit union lenders that require (i) recourse, (ii) deposit requirements at close, (iii) slightly higher rates, (iv) lower amortization, and (v) less interest only [if cash flow is a priority for you].