Wai-Lin William Maw
Permits for moving a mobile home from one lot to another lot which had a home before
28 March 2024 | 3 replies
I contacted the city of Edmonton and was informed that moving a mobile home is treated the same as building a new home, and all the following applies:Development Permit ApplicationCombined Building, Mechanical PermitBuilding & Mech Safety CodesWiring Electrical PermitUnderground Service Cable PermitElectrical Safety CodesConstruction Water Rates 44¢/$1000 Construction Value Sanitary Sewer Trunk ChargeLot Grading FeeTo my knowledge, unlike a new home, all we would be doing is reconnecting the infrastructure, and considering that no modifications are to be made to the existing plumbing, electrical, sewer or the lot itself, so do all those permits apply?
Detrick Bell
Want to connect with investors in the Houston market
28 March 2024 | 13 replies
Pay attention to places that have access to amenities, top-notch schools, and job hubs.Value-Added Opportunities: Look for homes that might benefit from upgrades or renovations to raise the value and rental revenue.
Joy Patrick
All new electrical in a house flip?
28 March 2024 | 7 replies
The house's electrical system seems to be functioning properly, but given its age, we're wondering whether it would be beneficial to replace it entirely( I.e update the whole electrical system) My question is this: Would installing a new electrical system increase the value of the house and make it more appealing to potential buyers?
Brandon Beaudoin
Real Estate Investor? Fund deals doing THIS...
28 March 2024 | 16 replies
I can access cash value in one of my policies and as little as the next day through a policy loan.
Jared Knudson
The Lake Life House in Anchorage, AK
28 March 2024 | 0 replies
30 Year Fixed Rate Mortgage How did you add value to the deal?
Jordan S.
Section 8 - is rent negotiable
30 March 2024 | 17 replies
The key is to stay within the fair market value and not charge a Section 8 tenant more than you would charge other tenants.
Jeanette Land
College student renting
26 March 2024 | 14 replies
Renting to college kids sounds great in theory but if you want to preserve your property, you might want to consider more mature clientele.
Tara Unruh
New to investing and learning all the things
28 March 2024 | 14 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Sanjeev Advani
Navigating the Real Estate Market: Strategies for Thriving Amid Interest Rate Uncerta
28 March 2024 | 0 replies
This approach allows for the identification of undervalued properties in areas poised for growth, irrespective of the current interest rate environment.Strategy #3: Optimize Property Management PracticesEffective property management can significantly enhance the value of real estate investments.
Mike Gratzmiller
Buying Points Down
30 March 2024 | 24 replies
What you get the money for from your lender based off your qualifications like credit and loan to value ratio, with no cost would be called "par" rate... and from there, you can either buy down to get a lower rate, or you can take a higher rate to get a credit applied to the cost of your loan by the lender.A par rate is simply the rate that you get without having to buy the rate down while also getting no lender credit.