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23 April 2019 | 13 replies
Your biggest challenge is not class, it's size. 18 units is too small for onsite management and a different business model than SFR management companies have (no apartment vendors, slow unit turns, retail pricing on maintenance).
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26 April 2019 | 47 replies
It's a model that allows an investor to keep growing their real estate portfolio without having to continue spending on high quality protection.
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15 May 2019 | 16 replies
Commercial properties typically need a refresh every 10+ years anyway.If rates are rising, it's typically due to a strong economy, which is typically accompanied by rising rents.And the captain obvious comment...modeled results should be stressed tested for changes in rents, occupancy, and interest rates.
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2 September 2019 | 3 replies
Send it by registered mail/proof of delivery and ask for their response in writing.
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11 September 2019 | 12 replies
That way if he doesn't work, he doesn't get paid.If it works out well it could expand your successful business model to another market.
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4 September 2019 | 6 replies
In using this approach of looking at the worst case scenario, consider running a model where you have 50%-60% occupancy in your existing units, interest rates go up 2%-3% over the first 5 years of the loan, and (if there's rehab) that the costs are 25% above what you estimate.
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4 September 2019 | 3 replies
Most importantly though, if someone doesn't want to live in an area, it will be a very hard business model to maintain, and challenging to find good quality tenants.
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21 September 2019 | 40 replies
Their business model may strongly depend on nobody looking too closely.
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8 September 2019 | 44 replies
Goals, business model/knowledge, financial situation, and preference.
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5 September 2019 | 2 replies
If you dig into Gary Keller's The Millionaire Real Estate Investor the model he teaches there would be the "slow and steady" one and the long-term affects of it are astonishing.