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14 October 2015 | 27 replies
Per an NBC & Chicago Tribune report the most MURDEROUS neighborhoods in Chicago in 2014 were was follows (ranked from the worst down) BurnsideW Garfield ParkWashington ParkGreater Grand CrossingEnglewoodRiverdaleWest EnglewoodE Garfield ParkNorth LawndaleRoselandHumboldt ParkSouth ChicagoFuller ParkGrand BoulevardChathamSouth ShoreThe Citywide murder rate was 19.7The first on the list Burnside was at 85.9 and the last on the list, South Shore was at 37.1Now maybe the most iphones were stolen from Logan Sq or Mag Mile...I don't know.
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27 July 2016 | 14 replies
Who moving in, trends, etc.I've listed a few of the many websites to find market info that I like: (google...don't laugh is great btw).1) www.irr.com (download the latest annual report - free)2) www.newgeography - city data / rankings on job growth3) www.bls.gov - employment data4) www.marcusmillichap.com - apt mkt research - really good reports by cities, MF5) www.census.gov - pop dataHope this helps give you a start.
12 July 2016 | 18 replies
the advice on numbers is THE most critical element you have to know...why is it only $130k for 10 units ($13k a door is pretty insane 1BR/2BR?).
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1 August 2018 | 10 replies
That one has a pending offer - perhaps you could get in touch with the buyer to see if they want to offload any of the original architectural elements as it also needs a full renovation.
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28 June 2022 | 6 replies
Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
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9 May 2020 | 2 replies
I'm in the Denver area.This is a good resource for modeling projects as well as understanding the elements that go into a development pro-forma.
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9 January 2023 | 9 replies
Speak of Cost of Living, Greensboro sports rank 2 of cheapest out of the largest 5 cities in NC.
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23 January 2015 | 6 replies
Someone could get the wrong idea that the person or company was somehow an "Approved Vendor" and then when something goes wrong, try to come after the website or Community that "appeared" to be recommending that company or person.Perception is the main issue and a Human Element that can't be fixed by any amount of disclosures.As far as the main idea of this post, the local REIAs, National Real Estate Investing Communities and CrowdFunding pretty much have this covered.
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4 January 2016 | 15 replies
I need your help, I am a bit out of my element.
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29 December 2015 | 8 replies
Stated another way if the market capitalization rate in your area is a 7 cap and your NOI is $21,960 than the value is $313k (NOI/Cap Rate).I just refi'd a 200+ unit deal and the appraisal does have an element of subjectivity by the appraiser of how they understand the market and market cap rate.