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29 June 2024 | 10 replies
Just be aware of potential special assessments that may be in the works or could potentially come about, and factor in continued increases to the monthly COA fee.
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28 June 2024 | 12 replies
Higher cost markets produce more equity gain for the value add.
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1 July 2024 | 9 replies
Personally 0- but I have been through quite a few low cost renter trashed units for sale.
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30 June 2024 | 5 replies
The other three get Notice for Increase in Rent.
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1 July 2024 | 21 replies
I've seen burnt out units that didn't cost $35K to rehab.
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1 July 2024 | 2 replies
And also maintenance labor costs are up 30% to 50%.
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26 June 2024 | 4 replies
In general ADUs add less value than their cost.
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2 July 2024 | 12 replies
Buying an existing place that needs upgrading might be more sensible but it will still cost a lot of dough.Plus the purchase of the catamaran.
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1 July 2024 | 1 reply
The market rent puts all three together at approximately $2900 monthly.Now here are the details and costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP.
28 June 2024 | 14 replies
TX and FL have both seen huge increases in insurance rates.