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25 March 2024 | 8 replies
I'm in the middle of a 203K renovation and had drawings done before close in October.
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25 March 2024 | 3 replies
BUT i wouldn't buy with the intention of selling in 18 months. you never know where the market will go, your closing costs could easily eat up the equity you built up, etc.
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26 March 2024 | 12 replies
Account Closed where are you looking?
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26 March 2024 | 7 replies
Great Thank you Mark for your asnwer, very helpful.I am looking as something a little more " done deal" thank an option to by as from what io understand the seller can still sell to other parties. is there a close that stops that?
25 March 2024 | 4 replies
That being stated I am not closed off to completing rehabs in the future provided I had more capital at my disposal.
25 March 2024 | 214 replies
The average buyers will NEVER pay close to this.
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25 March 2024 | 0 replies
Looking deeper..this will also have an impact on appraisals and lending practices as closed sales (similar to those with seller concessions) might not accurately reflect in a properties sales price. - Cash buyers could be big 'winner's' as generally there are fewer contingencies and theoretically could obtain a lower sales price and pay their representative directly. - First time home buyers (presumedly those that most intended to bring down 'affordability' could find less housing options)..why?
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25 March 2024 | 6 replies
Handle closing out the lease and remaining rents4.
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27 March 2024 | 21 replies
I collected MTR comps and ran the numbers, and found that I might get an extra 15%-20% from a MTR, but I'm not sure if the vacancy rate I plugged in was reasonable (I'm in a mid-size city and my properties are close to Universities, hospitals, and other things that attract MTR tenants, so hopefully I'd have low vacancy...but I like to play it safe with my numbers, so I try to allow for a good bit of vacancy)... ...plus, all the comps I collected were just listings this month, and I don't know how much they're affected by seasonality, so my rent data might not be super accurate... ...maybe I'll give it a test run with one unit that's opening up in May, and see how it goes...
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25 March 2024 | 2 replies
We’re trying to close on a seller financed mixed use building.