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6 September 2024 | 14 replies
One vacancy in a lower tier market, could take 1+ years to fill, compared to a prime retail location that has a tenant waiting list just hoping a vacancy appears at a center.
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5 September 2024 | 7 replies
Since you plan to sell the property and use a 1031 exchange, resurfacing the floor to improve its appearance before the sale makes sense.
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3 September 2024 | 4 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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3 September 2024 | 7 replies
However, the particular property that this tax sale I was referring to is located in Allegheny county where the procedure appeared to be the latter judicial sale.
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6 September 2024 | 19 replies
Usually the loopy terms are exaggerated compared to the deal they actually transacted on because they have to make their "system" appear even more marketable.
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4 September 2024 | 9 replies
Another reason may be that you appear unprofessional and interested parties are looking for a sweet deal like a landlord that doesn't screen or is negotiable on all their terms.
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4 September 2024 | 14 replies
Appears the property in question can be used as residential or commercial and there are advantages to such a designation.
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5 September 2024 | 11 replies
There still is a tendency for DSCR Loans in particularly to get lumped in (throughout securitization) with other "Non-QM" loans, mostly owner-occupied when they really shouldn't be in my view, further a lot of the "tech" and software, systems buildout (including loan doc generators) are based on consumer resi which creates a lot of headaches.Anything rehab/construction related though (which is what the original post appears to be more about) is a different animals though - experiences are likely to vary markedly by market, lender, bank etc quite a bit
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3 September 2024 | 51 replies
It appears to be pretty unrealistic.
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5 September 2024 | 20 replies
You will have to spend considerable time and energy getting familiar with a new market whereas if you stick with the original one you appear to have enough capital to get started right away on a new building.