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11 March 2024 | 14 replies
We business partner and I started at the end of 2018, began with Drive 4 Dollars looking for distressed properties with potential and we actually found an owner who was very interested in our first drive - that deal was our first ever and only ever started on October 2019...a lot of back and forth, a death and renegotiation took place over period.
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10 March 2024 | 0 replies
However, the limited new retail construction and historically low availability rates should help limit any potential surge in vacancy rates in the event of a demand pullbackHere are several graphs illustrating the current national commercial retail market in The United States of America:Full Commercial Retail Market Report Here: https://d2saw6je89goi1.cloudfront.net/uploads/digital_asset/file/1189858/United_States-Retail-Capital_National-2024-03-10_a.pdf
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11 March 2024 | 27 replies
I am concerned though about vacancies and potential issues with finding decent property management.
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10 March 2024 | 20 replies
Brown also fails to disclose here that she had twelve (12) deals under contract during the Agreement totaling over $600K in potential profit and the smear campaign began when her coaching agreement was due to expire.
11 March 2024 | 7 replies
For financing, you can look into a DSCR loan, which the lender will use the potential income for the property to underwrite the loan.
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10 March 2024 | 5 replies
1) We don't ever recommend allowing an agent to handle screening of a potential tenant!
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9 March 2024 | 2 replies
One final note, this property has a lot of potential for value add opportunities as its located right on a major highway and is 2 acres.
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8 March 2024 | 4 replies
I'd start with cash for keys but if that didn't work, seems like it may take 3-4 months to evict a person, my big question is getting liability insurance on the property.I get that there isn't much I can do preventing the previous owner from trashing the place (she is 60+ so I doubt she's taking a hammer to the place) but I do worry that if she or someone else were to get hurt prior to an eviction and sues me.Can you get insurance on a property under these conditions?
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10 March 2024 | 4 replies
Post your questions here and this community will help you process potential steps.
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11 March 2024 | 28 replies
Make sure that in your financial machinations you account for the potential damages the tenant will be entitled to.