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23 March 2017 | 4 replies
@Michael Johnson what I found as a rule of thumb is 75 units to be the threshold.The only way to really make that decision is to plug in the numbers and see if you can pat the on-site staff and still remain in the reasonable range of OpEx to Income ratio (%50-%55 for tenants paying bills property and %60-%70 for ABP properties).Every property will reach the balance point at a different number of units based on it's specific income/OpEx situation.
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30 March 2017 | 6 replies
It has been improving it’s ranking since 2009, and has been in the top 25 for economic growth since 2014.Manufacturing is still a major industry, but with new investments from GM and Tesla the city should see some stability in the industry.Alumni from Michigan State University provide a good base for high tech and research jobs in the area.Orlando, FLThe economy has been improving every year since 2012, and the economic growth ranked #9 on the Milkin Institute’s 2016 report.Tourism remains the main industry for the area with Disney and Universal creating a lot of jobs in the area.In addition to the Tourism industry, Orlando has a strong Health Care industry, which will help it attract retirees.Raleigh, NCThe economy has been in the top 15 of the Milkin Institute’s top growing economies for the past 10 years.The Research Triangle that includes NC State, Duke University, and UNC Chapel Hill support a lot of growth in the R&D industry and the alumni provide skilled workers that attract businesses.San Antonio, TXThe economic growth has been in the top 25 of the Milkin Institute’s top growing economies since 2008.In the past, the economy has been highly tied to the Oil industry.
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24 March 2017 | 6 replies
You could also buy two vacation properties and live in each of them for a period after satisfying your 1031.
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24 March 2017 | 4 replies
I do believe that if your taxes will show your annual income, your employer has remained the same, you have that nice reserve of cash and your scores are excellent you will have no problem obtaining a loan.
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22 July 2019 | 10 replies
Repeat clients and satisfied buyers and sellers is what is most important to me.
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25 March 2017 | 5 replies
Any remaining term left on your homeowner's policy should be refunded to you on a prorated basis.
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13 June 2017 | 3 replies
They were a recommendation of my realtor (he's used them numerous times for clients), and I was very satisfied with them.
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27 March 2017 | 11 replies
Each Buy should not need to be about a specific amount of monthly cash flow after Refinance, (so long as it does remain positive).Why NOT focus on higher cash flow?
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24 March 2017 | 11 replies
The landlord has 21 days to send you a itemized damage list and the remaining deposit.
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28 March 2017 | 12 replies
If the unit is a rental and you don't want to spend the money to refinish the floors, sometimes you can get away with a buff and coat, depending on if any other contaminants have been sitting on the finish, such as floors being previously waxed or furniture polish that has remained on the floor when the previous owners were cleaning their furniture.