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18 April 2024 | 3 replies
I never use average rehab cost/sqft because every building is different from what I have rehabbed so far in the past 15 years, but here are some general estimates for youCosmetic rehab: $11 - $25 per square footLight rehab: $26 - $50 per square footFull gut rehab: $51 - $90+ per square footThe biggest cash buyers of properties in the CLT include:iBuyers (instant buyers) such as Opendoor, Offerpad, and RedfinNowInstitutional investors like Invitation Homes, American Homes 4 Rent, and Tricon ResidentialReal estate investment trusts (REITs) like Equity Residential and AvalonBay CommunitiesPrivate equity firms and hedge funds like Blackstone and Cerberus Capital ManagementLocal and regional real estate investors and investment groups
18 April 2024 | 7 replies
Softwares can have differing "freshness" of data based on locations they support.For example, one software may update their pre-foreclosure list for Akron, Ohio 1x a week and another 1x a month.
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18 April 2024 | 11 replies
However, time in the market makes all the difference in the world!
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18 April 2024 | 11 replies
Looking for anyone who has any experience with getting a new modular home to put on land I already own.How does financing differ and who did you go through in the Western NC area specifically.
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18 April 2024 | 7 replies
I hear so many different things about this area but mostly negative.
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18 April 2024 | 6 replies
In Reno, NV, there was already a downturn that nobody noticed...We're just over the hill with somewhat similar dynamics but obviously a different market.
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18 April 2024 | 7 replies
You should be getting an annual escrow review showing new tax and insurance charges and how that affects your payments, usually you can either send the difference as one payment or they raise your monthly payments to cover it.
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18 April 2024 | 7 replies
We assume we need to find an agent that lives in the area we are looking for, but can the same agent help us look in other areas or do we need to find a different agent for that area?
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18 April 2024 | 16 replies
I never felt that the claim against either of us was a valid one, but my opinion didn't make any difference: Someone was suing us for damage and seeking a significant amount of money, and both we and our homeowner client had to cooperate fully with the insurance company.The insurance company zeroed in on the condition of the stairs and railings.
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18 April 2024 | 3 replies
There are evidently a ton of investors that must have very different criteria for returns and underwriting!