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23 February 2020 | 8 replies
I find the biggest challenges that newer investors face when the market is competitive are:-Recognizing a deal when they see it-Being prepared to act immediately-Analysis paralysisNewer investors often want their first deal to be a grand slam, when the reality is that the really good deals are done in back rooms and most of us will never know about them unless we are involved.
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1 March 2020 | 17 replies
Honestly, I'm excited to see people recognize what a wonderful city Denver is (nice people, great weather, wonderful recreation) and when people complain about the traffic/new additions, I like to point out that it's a compliment to live in a city that other people want to be in.
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21 February 2020 | 0 replies
You have to recognize that results will vary.
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24 February 2020 | 8 replies
Sorry for your loss @Linda MoralesThe only way that I know off to legally remove the trespassers is your going to have to file a Petition for Probate (Notice of Petition to Administer Estate) and petition the court for Letters of Administration.With this document this will give proof that you have a legal authority to liquidate or keep the property..For a clear understanding of the probate process I suggest you visit your local county(s) legal-aid office for legal assistance.
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2 March 2020 | 5 replies
However I would not be a good authority on whether there’s a good demand for that many, or if that market is over-saturated.Hopefully some other BP members will have more knowledge in this regard and can weigh in on your question.
24 February 2020 | 3 replies
If I refinance that remaining $85K at 4.25% for 30 years, and factor in all my known expenses, and assume 6% vacancy & 7% management, then:cash flow $4150/year ($345/mo)CoCR 41.5%ROI 72.27%Cap rate 10.79% (ridiculous, because assumes $85K market value)SECOND CHARACTERIZATION: Recognize the cost of the property is $300K, but I have a $215K down-payment.
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26 February 2020 | 7 replies
So your gain from the first house will be "recognized" when you sell the second house + any new gains generated from that 2nd house.
22 February 2020 | 16 replies
Authorization: Applicant authorizes Landlord and Landlord's agent, at any time before, during, or after any tenancy, to: (1) obtain a copy of Applicant's credit report; (2) obtain a criminal background check related to Applicant and any occupant; and (3) verify any rental or employment history or verify any other information related to this application with persons knowledgeable of such information."
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16 March 2020 | 19 replies
I suspect with this knowledge, you will recognize why I believe San Diego is not the ideal market for you if you are leaving in a year.Good luck
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24 February 2020 | 4 replies
Maybe ask the authors of those for where they got those stats?