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26 February 2024 | 25 replies
But I think, like many people found out during COVID, if you just buy a tract home that looks generic in a generic area, you will get generic returns, which based on my friends and other commenters here seems to range from small loss each month to modest gain.
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26 February 2024 | 15 replies
I saw a listing for a 15-unit apartment building that is for sale and the property has a 5.3 cap rate, this isn't the issue.The issue is in the listing description the agent said the building could have rent growth potential based on the rising rent prices in the area which she said would bring the property to a 6.6 capNow my question is why would I buy a property for 2.5 million when with this new expected cap rate the property would tank to just under 2 millionNOI is roughly 132,000 and most units are in pretty good shapeAnother note is the average cap rate in the area the property is located in is a 6.4 cap
26 February 2024 | 0 replies
Immediately filed tax appeal based on the closing price, won and reduced the property tax.
25 February 2024 | 19 replies
In fact, providing substantial services changes STRs from a rental activity to a business and triggers self-employment taxes on the net profit.
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27 February 2024 | 11 replies
yes they allow rent adjustments from year-to-year based on the avg rental pricing for the area, but keep in mind there will be a maximum.
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26 February 2024 | 17 replies
If things get complicated, then yes, employ the HVAC specialist for their expertise.
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27 February 2024 | 6 replies
They can provide insights specific to the Dallas market and help you make informed decisions based on your unique situation.
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26 February 2024 | 12 replies
It's funny, you can now tell exactly which houses will be coming up for sale based on the triangle patch job in the street from the repair.
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28 February 2024 | 13 replies
FYI we've changed our approach entirely and have lower fee initial entry points to avoid the challenges of long term project based arrangements so we can catch issues much sooner.
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26 February 2024 | 4 replies
Then we will build a prototype based on that feedback and then invite testers for more feedback.