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25 May 2024 | 8 replies
The proper way to approach this appraisal problem is (summarized below):* find reasonably similar comps - find relatively recent duplex sales in the Subject's market area and adjust for differences, based on market response (i.e. how much more/less buyers would typically pay for certain characteristics like size of units and lot, location, quality/condition, etc).* In the absence of similar comps - go back in time to find any similar comps, no matter how long ago and adjust for market trend differences (appreciation, etc), as well as other adjustments as typical (size, bed/bath, condition/quality, location, etc).* Go to nearby market areas/neighborhoods and find reasonably similar duplex sales and adjust for market area/neighborhood differences as required - along with the other adjustments.* Find reasonable 3 or 4 unit (not more than 4, and they can use sfr's, but those are typically not as good for comparison.
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29 May 2024 | 21 replies
I personally own properties in the counties of Orange, Los Angeles, Riverside and Kern.
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28 May 2024 | 6 replies
It sounds like you personally are focused on an urban infill strategy which maximizes density and price per square foot rent.
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27 May 2024 | 9 replies
Andy, I'm sorry to hear that your going through this, I don't personally know anyone dealing with such difficult tenants, but do know several Brooklyn based land lords who got tenants out in order to do reno. or dramatically increase rent.
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27 May 2024 | 7 replies
I found myself attending in-person networking almost weekly prior to the pandemic, but we live in a different world, and the digital shift has made it harder.Currently looking for personal investment deals in the area, and also passionate about connecting other local investors with trusted service providers.
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27 May 2024 | 9 replies
I would love to meet up with investors and agents in person in my area to learn more about real estate and any advice they may have.
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28 May 2024 | 4 replies
I find TPs rent control too restrictive personally.
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27 May 2024 | 4 replies
The HELOC would need to go off your personal situation but if needed you may be able to do DSCR on the short term rental.
27 May 2024 | 14 replies
If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.
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25 May 2024 | 14 replies
Personally, I prefer a new build over rehab just because you know what you've got on it, but it doesn't always make sense money-wise.