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15 August 2024 | 0 replies
I used to use Corel Logic and Land Safe but it appears they know longer are in the business.
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18 August 2024 | 52 replies
Two of the properties on the market for a loooong time, dont show any sold dates on the mls and appear to have been turned into rentals.To be fair not all his houses took that long to sell, but I notice at least one took longer ... quick crunching of his average dom, looks like 180.8 dom for 14 of the properties that he used in his presentation (he says to verify his information look it up on zillow, I noticed he didn't say, look it up on mls and alalyze the data for real.Thought you might find this info entertaining if nothing else.
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15 August 2024 | 10 replies
I've never owned there, but any time I dug into it, it appeared to me that the prices were too close to Smokies prices without Smokies level returns. 80% of the Smokies pricing, 50% of the Smokies revenue.
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14 August 2024 | 0 replies
It appears that San Jose median sfh price just hit $2mil.
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15 August 2024 | 4 replies
My advise is to start with single family or a small multi-family ground up project first but this market environment is truthfully not the time to be completing any ground up projects unless you are self performing the construction which it doesn't appear you are in a position to do.There was a recent Philadelphia forum chain started by someone else who was contemplating ground up in a similar fashion to what you are proposing and I cautioned they would be better off buying something that was newly built and believe after conducting their own diligence realized it was too cost prohibitive at this time to build with 3rd party GC's in Philadelphia when also accounting for the interest rate environment and cost to build.
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14 August 2024 | 12 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
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14 August 2024 | 8 replies
You are well structured to use the debt snowball to pay down houses quickly, and appears from what you have written that this would be in keeping with your current strategy.
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15 August 2024 | 6 replies
Not to mention you will present yourself far more professionally to prospective business partners, lenders etc. who will be necessary for your growth.The next mistake you appear to be making is equating number of doors to growth.
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17 August 2024 | 39 replies
While rental ROI appears to be attractive even after carrying costs, the 11% transfer tax when you sell seems like a turn off.
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20 August 2024 | 452 replies
If so, it appears for investment property the max ltv is 75% vs 85% for Freddie Mac, correct?