31 July 2024 | 4 replies
Basically you are spending a large sum of upfront money and hoping you get an roi on that, my understanding though I really don’t do that type of marketing is it was a good payoff if less than you would think based on total sales volume in the before times, but again as conversion rates fall it’s become harder to justify.
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2 August 2024 | 29 replies
If someone is interested I can share info after signing a NDA .
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1 August 2024 | 5 replies
The downturn will eventually spread across the nation, and to a somewhat lesser degree affect those areas that had lower price appreciation.My timing prediction: the oncoming slow-motion housing crash will become very evident within 6 to 9 months after the first Fed rate cut.
31 July 2024 | 10 replies
Ok I will check those websites out, Thank you.There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.
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1 August 2024 | 1 reply
If the percentage if equity is very low, it makes it difficult for an ambulance chaser to come after you.
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2 August 2024 | 6 replies
So, if that business is showing a big loss after adding back deprecation, and other add backs for rental income, that loss (or gain) will still be calculated into your debt to income ratio.
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28 July 2024 | 27 replies
She instead sent me a sales contract, with "SALES" struck out (annotated) and replaced with "RENT."
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29 July 2024 | 7 replies
I have been receiving letters informing me that my "VA guaranteed loan has been tagged for inclusion in our VA IRRRL program".I called the number on one of the letters (I've received many), and the call cut out shortly after speaking with someone, so it seems a little sketchy.
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31 July 2024 | 3 replies
We also like to sit down with the current manager and go through everything related to how they are running the park (collecting rent, problem tenants, sales of homes, marketing efforts, recurring maintenance items, problem areas in the park infrastructure, etc)Compliance - this includes everything related to city, county, and state compliance to continue to run the property as a park.
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30 July 2024 | 12 replies
I used to live in Germany for 6 years when i was in the service therefore i know a lot about the areas ill be working at.