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11 April 2024 | 24 replies
. $50 per apartment and $50 for 2 stairs and extra $50 for two passages $700.00I now know what is basically required to fix the units.
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10 April 2024 | 6 replies
As a collateral, I need to add his name in the title so that I pay off the amount when I am selling the property.
11 April 2024 | 4 replies
"first deal", "new construction", "fix and flip") so that you can receive notifications once a topic or area of interest in mentioned in one of the forums.
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11 April 2024 | 15 replies
I have invested in syndication deals, completed fix & flip residential, I currently own one STR in Mesa, AZ, wholesaled residential properties and small residential developments after completing preliminary planning, built a duplex for rent from the ground up, etc.
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12 April 2024 | 5 replies
I had a remediation contractor come out, and he told me the levels on the report is what he'd expect from a basement in Portland, and any amount of washing / bleaching wouldn't reduce the levels much long term as more moisture would enter the space up from the slab because concrete will always give off some moisture, and he couldn't really recommend much remediation.
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12 April 2024 | 10 replies
Given the amount of logistics that go through here, its proximity to Canada, east and west major highways, and mostly the Arnold.
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11 April 2024 | 10 replies
However, you will be able to "offset" the subject property's mortgage amount based on the fair market rent that the appraiser deems is fair for the property/area.
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12 April 2024 | 27 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.
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10 April 2024 | 26 replies
Just remember, wherever you go, it still comes down to making sacrifices, remembering this is a 10 year process not a quick fix, and being solid with your everyday budget and goals and living below your means; boring but effective.
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10 April 2024 | 16 replies
The rent was lower than projected, the taxes ended up being 4x the proforma amount.