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18 March 2024 | 10 replies
- If I understand that correctly, then I wonder if the increase value offsets the cost paid out to split the parcels up.One last thought would whether there are any underlying benefits to keeping it as one parcel, such as city regulations, etc.- I had a conversation once in my owner's rep day job about new construction of a commercial building on its own parcel adjacent to another parcel owned by the same owner.
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18 March 2024 | 16 replies
Call references (email as last resort)4.
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16 March 2024 | 21 replies
However, you can suggest that they purchase "Renters Insurance", and state this in the lease that if they choose to not purchase "Renter's Insurance" then you are not responsible for any loss or damages to their property".
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18 March 2024 | 14 replies
I didn't know he wanted to sell it, last I had heard he wanted to expand the park.
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17 March 2024 | 2 replies
My wife and I bought our son an investment property last year for his college fund.
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17 March 2024 | 4 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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17 March 2024 | 4 replies
(CSPAN).Today’s Interest Rate: 6.92%(👇 .05% from this time last week, 30-yr mortgage)Mortgage interest rates have calmed down a tiny bit, after staying above 7% for most of February, although they remain volatile.
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19 March 2024 | 26 replies
I would do one at a time, if even that as hard money loans are very expensive and would be a last option for me.
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15 March 2024 | 21 replies
I inherited a section 8 tenant when I bought the house last month who has been here for 10 years and has not paid his partial of last month's rent.