23 August 2021 | 6 replies
You could also look for a home that needs some work, make improvements to improve equity and take out a HELOC to fund the next deal.
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13 September 2021 | 15 replies
Thanks for helping further improve the neighborhood!
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16 September 2021 | 2 replies
Virtually all mobile home park deals are for the land and improvements, and moms and pops always seem to include a few park-owned homes, as well.
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26 August 2021 | 21 replies
New Owners will have to clean it up but it will improve their ROI when they get a new renter in at market rate.
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16 September 2021 | 15 replies
A lot of property management companies will also have GCs on staff and my PM contract requires that I use their GC for a 10% GC fee on any properties they manage.
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29 August 2021 | 27 replies
Under this system, everyone wants the improvements and repairs made ASAP so that they can get the highest amount out of their own condo because you can advertise it as having a new roof, etc.Also, it's better to have a condo with a property management company, even though in theory this might be more expensive, because being willing to run for the condo board does not equal being a competent property manager.
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30 August 2021 | 2 replies
They can be purchased with short-term funding if improvements are needed before being tenant occupied and when the deed has been seasoned for 6 months (your LLC has owned it for 6 months) you can do a cash-out refi with the LLC as the borrower and it is considered a commercial style loan (even if it is a residential style property).
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4 September 2021 | 2 replies
It's easy to search on Redfin/Zillow with the keyword "ADU" now.I found some recent transactions data (almost all from second quarter of 2021) in the bay area that might be of interest to you: https://www.redfin.com/CA/Camp...https://www.redfin.com/CA/San-...https://www.redfin.com/CA/Sant...https://www.redfin.com/CA/Sunn...https://www.redfin.com/CA/Sant...https://www.redfin.com/CA/San-...You can see that in all of these cases (whether with detached or attached ADUs), ADU added more value than the estimated construction cost, which shows that building an ADU can be a proven strategy for bay area home owners to not only improve cash flow, but also immediately add equity value.
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24 August 2021 | 1 reply
It is easy to use and even my more casual staff can figure it out.Yardi Breeze was also very good but the front-end marketing and tenant onboarding is very weak in my view and I was going to make too many compromises in my processes to get Breeze to fit.Yardi Voyager is VERY powerful but you will need dedicated staff that always spend time on it.
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9 April 2022 | 84 replies
Our program is designed to help people who want to get out of their situation and improve their lives.