7 September 2021 | 10 replies
So it just adds another element that does not benefit the investor..
28 February 2022 | 5 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
14 September 2021 | 5 replies
I did not take advantage of or lie to any seller/owner as the owner was always a bank (institution) and the reason they owned it in the first place was out of greed giving a loan to someone who likely could not have afforded it under normal lending criteria today.In all cases in which I purchased from a wholesaler or was presented a deal from a wholesaler, never did I ever get an accurate rehab number (I would consider anything in the ballpark of 10% as accurate), I never got a true exit value (I was always given a pipe dream or best case scenario on the value), the comps used - 80% of the time, there were comps that were not actually comps (comparing a 1500 sf 3+2 with a 2500sf 4+3 as an example, or a comp in a completely higher end neighborhood even though it was within a 1/2 mile).
8 September 2021 | 17 replies
You also need to see what other comparable properties in your area are providing and at what price point.
11 September 2021 | 4 replies
But you can start by looking at what is on the market on Loopnet and compare them to your property.
4 October 2021 | 6 replies
Learn housing metrics such as, average SFH sales price, average vacany rate, lease comparables for different properties/subdivisions.
12 September 2021 | 7 replies
Picture ranch style home with private or semi-private rooms.With regard to COVID, I think these would be more desirable and less of a risk compared to big box facilities where there are 100+ residents and staff coming in and out of the facilities on a daily basis.
12 September 2021 | 6 replies
Unfortunately I don't know too much about Sullivan County so I won't continue to compare.1.
10 September 2021 | 6 replies
When comparing sell or hold options, what formulas are most helpful?
8 September 2021 | 4 replies
The only other stuff I would suggest is to compare at least 2 different lenders, and even if you are not "ready to buy" now.