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12 August 2022 | 7 replies
The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here.
15 August 2022 | 20 replies
For appreciation Phoenix has diminishing returns, I believe investors still have reason to be optimistic when looking at population growth at an all time high vs.
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22 August 2022 | 38 replies
You aren't going to change the population's mind, neither is the left wing or right wing journalist.
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11 August 2022 | 0 replies
Boomers possess the largest share of real estate wealth in the country (~45%) despite representing ~28% of the population.
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12 August 2022 | 10 replies
(its 20 mins to a more populated town with loads of STR and 40 mins to a popular lake).
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9 September 2022 | 7 replies
Landlord-friendly, tons of job growth, population growth, easy access from the bay area, and rents that have jumped significantly in the last few years.
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15 August 2022 | 6 replies
Sergey is also correct anchorage has been seeing a slight population decline over the last few years but with a thriving summer tourist community, the short-term rental market made a large boom.
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22 August 2022 | 6 replies
Large city with continued population and economic growth.
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22 August 2022 | 13 replies
They both have good cash flow, are landlord friendly and have growing populations, jobs and income which contribute to appreciation and rising rents.
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19 August 2022 | 5 replies
But, depending on the property you’re buying, you may not need to review every single one of these (this is where a real estate agent or broker can be helpful as well):Population and job growthHousehold median income trendsAccess to public transportation and amenitiesNeighborhood and school rankingsUnemployment rateCrime rateBusiness openings and closingsNew development activity that could help or harm your intended investmentProperty value trendsFair market rent trendsPercentage of renter-occupied householdsMarket vacancy trendsGross rent collectedMaintenance and repair expensesUtility expensesProperty management, leasing, and advertising feesInsurance expense including past insurance claims, need for flood insurance, and the cost of homeowners and landlord insuranceProperty taxes and potential increase due to change in ownershipProof that any sales tax collected on rent has been remitted and is up to datePhysical property inspections including structural and mechanical, wood-destroying organisms, radon, and lead-based paintTitle commitment on the property and legal descriptionMost recent ALTA (American Land Title Association) surveyZoning or use certificate for property in rural or unincorporated areasNew survey, septic report, and well water report for rural propertiesPhase I environmental report for property near industrial areasHOA covenants, conditions, and restrictionsHOA financial reports including P&L and balance sheetReview of seller financial statements including a copy of the seller’s tax return to verify income and expenses are true as reported to the IRS going back two or three yearsReview of tenant file including the lease terms and conditions, deposit amount, tenant application, and background and credit checksCopies of existing service contracts such as landscaper or current property managerList of all outstanding invoice and proof of payment for all work recently doneLien search to verify there are no existing worker’s liensHistory of insurance claims on the property going back three yearsVerification that property appraisal is for at least the contract purchase price if not moreCompare your pre-offer pro forma analysis to the seller’s reports to make sure the deal still makes sense.Good Luck!