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7 March 2024 | 35 replies
"What can I buy within 45 days that will protect my capital, and provide me with a predictable return?"
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7 March 2024 | 7 replies
Quick Update: I spoke with a property manager service company today and he was able to provide me more insight.
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8 March 2024 | 53 replies
But you gotta be on the ground.Great on paper and some years you might get 15% returns and next year -15% returns.Plus, there is no true value in such areas as homes sell for $1,000 and others to unsuspecting out of state buyers for $60,000 where the provider makes a $20,000+ margin.Then it goes vacant, vandalized and back to a $1,000 houseLooks for areas with a more consistent sales value where homeowners also live and not just investor owned.B class in my eyes is:1) Close to infrastructure like schools, hospitals, shopping mall, larger employer, etc...2) Mix of homeowners and investor owned (leaning toward more homeowners).3) Well kept yards and no boarded up homes.
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6 March 2024 | 0 replies
Provide Accurate and Detailed InformationPotential buyers want to know as much as possible about the property before scheduling a viewing.
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6 March 2024 | 10 replies
I will follow your suggestion to find an active local agent and see if he/her can provide 3 commercial developers.
6 March 2024 | 0 replies
This extension, if granted, provides a breather, extending the filing deadline to October 17.
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6 March 2024 | 5 replies
If it involves any need to extend the line or relocate a connection etc, then no it's not reasonable and I'd expect to hire someone to do it...ideally the service provider's crew.
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6 March 2024 | 7 replies
Also, you had better maintain the LLC properly or it provides no real asset protection.If properly managed, an LLC can provide more asset protection, but your first line of defense will be managing your property well and the second line of defense is good insurance.If I were Jeff Bezos, I would not put a property in my name because it would be a lawsuit target.
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6 March 2024 | 9 replies
Your CAP rate will be dangerously inaccurate if you calculate expenses incorrectly so let's break those down.Utility Set-up- As an overview you need to know the difference between city-provided utilities and onsite such as Septic Tanks with Leech fields, lagoons, Wells, EtcGetting more specific what utilities are maintained by the community, paid by the community vs the tenants.I will give you a quick example, I own a park with a bunch of multifamily manufactured units of which I pay the electricity bill.
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6 March 2024 | 13 replies
Could anyone offer insight on DSCR loans and/or provide any reputable lenders?