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12 July 2024 | 16 replies
I understand the capital region, the Adirondack region, and Western New York (Rochester and Buffalo) have their strengths and weaknesses, but I'm going to focus on this central part of the state.Binghamton is my favorite investment market for a few reasons, but it's not for everyone.STRENGTHS- low prices- blue collar overall, meaning lots of resources for contractors- growing university, consistently growing rents- I expect to see an actual 10% cap rate here, higher if the property needs work- compared to downstate, permitting, evictions, etc. are simple and quick- no code compliance inspections required on existing multifamiliesWEAKNESSES- no. natural. appreciation.
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11 July 2024 | 6 replies
Natural disasters, higher construction costs, and a competitive insurance market are driving these increases.Review your current policy to ensure you’re properly covered without overpaying for unnecessary coverages.
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10 July 2024 | 0 replies
One can imagine this makes it difficult (ie more costly) when adequate guidance is not given.
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11 July 2024 | 15 replies
This completely changes the nature of the property rights.
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12 July 2024 | 34 replies
If the delay is out of your hands (ie. waiting on parts), then provide multiple portable or window units to provide adequate AC as close to what a central unit would do.....
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12 July 2024 | 48 replies
Use me ( HML ) to put you in title Curt rehabs your house LA investor refits pays me off and pulls cash out.. seemed like a good Idea at the time but the banks soon learned that was not a really good thing to do.Geoff investing in rentals is just common sense in the most part they don't always go perfect.. so you need adequate reserves for that ut oh moment..
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10 July 2024 | 8 replies
depending on the size of your complex and location you will have to get a permit from you state Department of Natural resources.
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8 July 2024 | 20 replies
Mother nature can do 1 massive damage to one and not the other.
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11 July 2024 | 6 replies
Naturally if you have more mortgages in your name that will affect your DTI (debt to income ratio) and ability to obtain more loans/mortgages in the future.
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9 July 2024 | 17 replies
It is also important to verify that connections to the posts are adequate for the required loading as member failure is not a catastrophic as connection failure.