You are looking at the bigger picture and you should take a more realistic and practical look here.Do you think BECAUSE you send 3 billion postcards out you will get a deal?

Take it as a learning experience and clean up your bookkeeping practices.

Though this ruling affected that small district in California, it is common practice for other cities and states to cite pre-established cases, thus setting a precedent across the US.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

All exit cap rates are somewhat educated guesses and IRRs are the easiest and most manipulated metric used in proformas of any investment type.Instead of picking a number from thin air or just throwing 50-100 bps on it (standard practice and certainly nothing wrong with it) instead use a sensitivity analysis table and look at a range of 200 bps either direction in 25 bp segments.I personally think today that we will see lower cap rates in the future.

So go through all the due diligence (even if it is just going to be for practice at the end of the day and perhaps not as it just may end up as a deal for you).

Also, I believe the standard practice is to have 6 month leases with higher rent from the jump due to their short-term flexibility so in all likelyhood the rent would remain the same if someone went from a 6 months lease to a 12 month lease (with me raising rent)

Its a great read about market cycles and best practices/strategies for each part of cycle.

Hello everybody,I’ve done all the reading and practice analyzing deals and I am finally comfortable to start taking action.

Is having an inspection a good practice and acceptable for all wholesale and off-market offers?