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11 March 2024 | 30 replies
If you require initial cash flow, San Diego may not be the right market However if you plan to hold long term, few markets have produced better return on residential RE.Good luck
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10 March 2024 | 3 replies
I'm states where e&o is required, it may actually then end up disqualifying you from having a license then.
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10 March 2024 | 5 replies
This family is currently searching for a home, and our agent, who also represents them, has generously offered to waive any commission for connecting us.After outlining our standard tenant qualifications—which encompass application requirements, income verification, rental history, credit score, background checks, a non-smoker policy, occupancy guidelines, pet policy, application fees, and move-in costs—our agent indicated that the extensive discussions and adherence to these requirements "equals a full commission of one month's rent."
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8 March 2024 | 13 replies
Some require me as the investor to start the process with my own funds and others provide 20% up-front.
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10 March 2024 | 0 replies
Therefore, sellers increasingly offer debt assumptions to preserve disposition targets and supply greater financing certainty to their buyers.As property values decline, rising yield requirements are diffusing across assets of varying quality and vintages.
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10 March 2024 | 4 replies
Maybe there’s a local code that requires connection to the tailpipe.We have a local code that requires an air-gap for the dishwasher where most other places don’t.
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11 March 2024 | 13 replies
@Maryam Mostafa chasing a 12% Cap will require:1) High risk properties Class C or D2) Getting lucky and getting the property under market value3) Doing a LOT of hard work to find an owner willing to sell under market value4) Doing the above to find and reposition a poorly managed propertyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.
11 March 2024 | 7 replies
$ for PITI (Principal, Interest, Taxes, Insurance); • 10% for Management; (even if self-managing, pay yourself for your time)• 5-8% for Vacancies; (Turnover happens & when it does it requires cleanup, repairs, listing, showing & leasing which can take up to a month easily.)• 5% for Repairs & Maint; (Repairs happen even on new builds)• 5% for CapEx; (Larger Expenditures will happen over time, so you have to figure for them.)• ?
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10 March 2024 | 20 replies
I have mailed DOUBLE their required minimum number of mailers per week.
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10 March 2024 | 2 replies
I would start by building out a basic P&L for what the property generates today vs. what it will generate in the future, and factor in any capital expenses required to get there.