17 October 2019 | 22 replies
Look at the latest NAA survey (https://www.naahq.org/news-publications/units/september-2019/article/2019-naa-survey-operating-income-expenses-rental) that shows highest expense ratio being below 45%.In addition to that, there is virtually no functional dependence between rents and expenses.
7 September 2019 | 24 replies
Therefore I didn't provide much other than a proverbial kicking of the can to get more info...Wrap around mortgages are fairly uncommon in general and back in 2012 when he "bought" the property they were virtually non-existent.
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8 September 2019 | 7 replies
High cost, virtually no ability to cashflow, the city is flooding with new inventory, etc.
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12 September 2019 | 5 replies
The 2% rule may have been a fine metric after the GFC in 2009-2012ish, but as time went along and prices began to rebound, the 2% rule has became virtually impossible in all but a select few markets.
16 September 2019 | 52 replies
Overpaid in an area that was supposed to be getting a facelift...new soccer stadium about a mile down the road, casino...subpar schools built.
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9 September 2019 | 3 replies
With these category 4 and 5 hurricanes becoming the new normal here in Florida thinking about selling my house while I still have one and building a container home their virtually 100% hurricane safe.Having some troubles finding a piece of land in Broward County to build it on.
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14 September 2019 | 1 reply
I'm considering Coldwell Banker or Real (virtual brokerage) at this point.
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9 September 2019 | 3 replies
People have no vision, and showing them an incomplete house that's not ready to rent virtually guarantees that they won't be submitting an application.As for the stove, if it's truly an issue, it's easier to move electricity than it is to move plumbing.
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24 September 2019 | 6 replies
Technically, we can close from the written offer, but that's virtually never done.Unless you double close, you also need to be licensed to wholesale in Mass.
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26 September 2019 | 52 replies
My view is I did less analysis than virtually all of the RE investors I now criticize for not having accurate expense projections.