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8 March 2018 | 9 replies
The current solution to the issues is pump a few times a year and remove the washer/dryers from all units it appears.
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20 February 2018 | 34 replies
It's not a practice that's scalable or sustainable since it can create unknown and hard to measure risk.
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2 January 2021 | 27 replies
I'm leaning towards that solution with a solid (marble, etc) window ledge that is well sealed.
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17 August 2021 | 16 replies
Julie Marquez In the situations we’ve dealt with here - regardless of whose property the line is on, the cities have made the neighbors work together on a solution.
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12 May 2018 | 3 replies
There are many potential solutions, but they needed to have been identified months ago.Only thing I can suggest moving forward is to be more thorough when interviewing and hiring a lender.
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24 May 2018 | 31 replies
We're in Portland, Oregon and very few cases can you hit the 1% "rule", and if you do you have to be creative.I wanted to share a win today that has been in the making for the past 10 months because I think it is a good example of what a low cap environment looks like and what a solid base hit looks like for those that want to invest in small multifamily deals.Here are the details on the property:9-units in an up-and-coming neighborhood Purchase price: $1,550,000Cap rate: 4.5%Average rent was ~$995 and Owner was paying for garbage and water/sewerWhen we took over we immediately had a couple units turn over, which was great because we wanted to get in there to do some upgrades (we do a lot on the sustainability side that include reducing hazardous building materials, energy efficiency upgrades, bike storage, decreasing utility consumption, etc).
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7 July 2016 | 12 replies
I belive this is the better solution becouse in theory you can have 11 turnovers in 1 year ( 1 at the end of each month ) and now i don't even count with the turnover timerate so you would not only have more turnover rate, you would also loose rental income for the days you can't rent out the unit.
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9 July 2016 | 4 replies
My solution has been to offer a small earnest money deposit; as little as $10.
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8 June 2018 | 27 replies
I hope you can transition away from that as you get REI deals, because working that many hours that is not sustainable long term.
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11 April 2018 | 17 replies
We did get one quote for gravel, and it was much less expensive, but also a shorter term solution since we won't get as many years out of it.