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16 October 2024 | 0 replies
How did it impact your deal flow, especially when time was a factor?
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16 October 2024 | 6 replies
They may seem attractive on a spreadsheet if you are chasing cash flow, but the fundamentals are not as strong and these properties are disproportionately impacted by capex and operating costs.
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17 October 2024 | 4 replies
To me, this is a cost that won't "add value" to your BRRRR, so I would more strongly consider how much it might impact your ability to rent the unit/house.
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17 October 2024 | 20 replies
It’s also important to be mindful of local regulations and how they impact MTRs, as Cleveland’s neighborhoods can have different rental rules and demand.Let me know if you need any more specific details about Cleveland’s MTR market!
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17 October 2024 | 14 replies
Insurance rates in Florida have been impacted by back-to-back hurricanes, but from what I've seen on the ground, the bigger issue stems from something deeper.
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16 October 2024 | 2 replies
Evacuation plans and emergency supplies are critical right now as the storm’s potential impact could be devastating.That is it for this month!
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16 October 2024 | 1 reply
I had one particular vendor with high standards that would exaggerate anything he found.My rule of thumb: people can live how they want to live as long as they are not 1. damaging the property2. living in filth that attracts pests3. impacting the neighbors (e.g. odors, junk detracting from the neighborhood, etc)4. creating an unsafe situation (e.g. hoarding and rescue workers can't access the home)When I visit a property, I document any issues and talk to the tenant.
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20 October 2024 | 8 replies
.### Final Thoughts:- Consider a modest but impactful price drop to $235,000, which is closer to your minimum acceptable price, and simultaneously address any concerns buyers might have by being proactive with inspections and disclosures (mold, cesspool). - Don’t hesitate to tweak your marketing strategy or even target alternative buyer groups like cash buyers or investors looking for vacation rentals. - If you don’t get significant movement within the next few weeks, preparing for a rental strategy might be the safest way to avoid holding onto the property through winter at a loss.
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16 October 2024 | 22 replies
@Devin JamesRemember mortgage rates are notDirectly tied to the fed rate they are tied to the 10 year treasury which fed rate has some impact but also a lot Of other factors as well
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15 October 2024 | 3 replies
Additionally, the Missional team has committed more than $500,000 of our own capital into the fund, aligning our interests with our investors’.This win marks another step in our mission to deliver stable, long-term real estate investments while making a positive impact.