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16 March 2017 | 3 replies
At any rate, look for a metal fabrication shop and/or railing shop specifically.. they usually build them custom to your application.
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15 March 2017 | 3 replies
It certainly does on purchase price, and perhaps neighborhood, but the multifamily aspect makes the prospective rent so absurd that it might be a good deal anyway.Purchase price: $40,000Taxes: $600/yearUnits: Three 2/1 unitsMarket rent: $550/unitEven with a generous capex budget, you can find a lot of room for cash flow when you're getting 4% rent/value ratio.
7 April 2017 | 6 replies
When I accepted an offer from a prospective buyer in February.They ended up not purchasing my condo due to the hot water pressure being too low and the rental restrictions.The hot water pressure problem was due to the pipes needing to be changed.When I asked the HOA if the problem could be fixed, they said they could not fix it because they did not have enough money to do so.After finding this out and combining this information with what I had already known about how the HOA was being ran, I decided to do a little investigation to see how the finances were being managed.I requested copies of the financial records and several other documents for the last 10 years so I could review them to find out how to funds had been being managed in the past.The secretary, which is who I requested the documents from, emailed me back after I made the request telling me to not contact her anymore.She alleged I kept contacting her while she was at work.This may have been true but I was only doing so because she never told me the times that she worked.I don't know her personally and I never have been disrespectful towards her when I called her for anything.So, I could not understand why she got so angry.Anytime I would try to contact her after that, she would not respond so I stopped contacting her.She would only respond to my attorney that I was working with to sell my house even though the documents that I was requesting from the HOA had nothing to do with selling my house.I was requesting the documents for myself.I always have been a firm believer that people who don't have anything to hide don't try to hide anything.I am not saying the board members are stealing any money but I have reason to believe something unethical is going on.I ended up selling my condo a few days ago.The HOA provided my attorney with some financial documents that my attorney had requested for the sale.However, I felt that the information that the financial report provided was vague.It could have been created by anyone who knows how to use Excel.I wanted to see bank statements, audit reports, and documents that I feel are more concrete evidence.Even though I no longer live there, I don’t want to allow the HOA to get away with behaving this way.If I do, that gives them permission to continue to stonewalling people who request information from them.Based on my narrative, what do you think I should do?
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22 March 2017 | 3 replies
When you do decide it is time to sell you will do some additional rehabbing anyway at that time to get it looking good for prospective buyers.
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31 May 2017 | 4 replies
I have one full time outbound sales agent making primarily cold calls circle prospecting in zip codes with 5% turnover rate or greater.
16 March 2017 | 5 replies
Yes i did the calcs for amortizing and see the huge benefit of interest on a deal to prospective buyer (owner financing) if I charged 6% interest.
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17 March 2017 | 11 replies
Unfortunately this documentation is getting easier and easier to come by.Also, I was sure to let any prospective tenants know that the facility was not pet friendly, and though you may see a neighboring tenant with a dog it is because he was here when you took over the building.
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23 March 2017 | 17 replies
If the prospective tenants noticed it, slap another coat on...just roll the walls and dont cut in and it will go really fast.
20 March 2017 | 0 replies
Currently I own a business which runs smoothly week to week but still am building the clientele and customer base so here is where the problem comes in.
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21 March 2017 | 2 replies
These homes can be as custom as you want.