13 December 2017 | 57 replies
Instead, I feel like he's just a gatekeeper of sorts: just an extra official step I need to go through to close the deal without bringing anything really concrete to the table.
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5 January 2018 | 76 replies
I plan on holding the seller and inspector accountable until I am officially told it is my problem.
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11 July 2018 | 27 replies
So, here it is, I love SFR, I have A LOT of SFR, over the course of the last two years, have been dipping into the Multi-Family space and now graduating to 100+ units - still buying lots of SFR (I just cannot contain myself :) ) 10 Reason(s) I love SFR:Higher RentsLess Turn-OverCan be more strategic with purchase location and typeMore of it available in the marketplaceLike the idea of a single home, single transaction, single & quick exit plan Financing Readily AvailableManagement System and Controls in Place (internal function)Construction is streamlined with all standard products in ALL SFR unitsTenant Responsible for Exterior & UtilitiesSimple, Simple, Simple and can be replicated easily/swiftlyAs I have been trying my hand at Multi-Family, it is similar but not the same and many will argue you gain more efficiency with Multi-Family but, you equally gain more challenges:Larger Common Expenses: Cleaning, Exterior Maintenance, More Placement, Common Area Utility CostPotentially higher turn-over (frequency of turnover)Same material buying power as lots of SFR (Construction side) In-Fighting amongst tenants (always a fun one)Larger Capital ExposureProgressing into this next phase, after slowly moving from 2-unit, 4-unit, 8-unit, 12-unit, 21-Unit, 36-Unit, 40- Unit - now to 100+ Units, all had own challenges - but the goal has always been the same, take something that's old, undervalued, do an awesome renovation, raise rents and replace existing tenants with higher quality teantns willing to pay a small premium to live in an updated unit as opposed to your typical run of the mill apartment (existing tenants have the option to upgrade to the new premium units or exit) -My question for BP Community what amenities are important to you - adding the following, please feel free to contribute or comment:USB Outlets in all rooms (including bathroom)Tile Shower SurroundHard Surface CountersStainless Steel AppliancesNew Luxury Vinyl Tile Flooring High-End Glossy European Style Kitchen CabinetsLake View (Unobstructed 270 degrees) Updated Elevator Cars Fancy Modern Lobby with Coffee Station and Dry Cleaner Kiosk (drop-off and pick-up)New Kids playgroundNew Dedicated Dog Park (Real Dog Park)SmartHome HUB (Powered by Amazon Alexa)Electric Car Charging StationBike Station and In-Unit Bike RackPrivate and Secure Fenced in Parking8th Floor Rooftop Deck and Community Center featuring (Large Format TV's, Ping Pong, Billiards) - with Full Lake ViewOn-Site Coin Operated Laundry.............What would you be willing to a pay premium for?
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1 March 2018 | 4 replies
Here is the official introduction from the Texas State Comptroller.
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1 March 2017 | 3 replies
After back-and-forth discussions with local zoning officials and I've determined that I can build four luxury apartments approximately 1000 ft.² each.
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23 March 2017 | 106 replies
I still haven't closed my first official deal as a true REI, but I'm chipping away at it every day.
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3 January 2014 | 8 replies
Hi everyone,I wanted to take a moment to officially introduce myself.
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31 January 2014 | 15 replies
I didn't go off any official statical average on some website.I love my tenants, I don't think they'll move out, but if they did, I'm not too worried about being able to find new tenants, so I guess we'll see what happens!
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11 October 2016 | 4 replies
The Law of Agency is at play if the broker's you are asking are not officially in a buyer agency agreement with you.
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5 August 2019 | 12 replies
The only contract we accept is the common law of the land and the constitution our public officials took an oath to uphold, we do not consent to any special laws.