Evan File
42 unit “passive investment” is this possible?
30 September 2018 | 5 replies
@Evan File I would review the current property management agreement to see which duties and services are included.
Elizabeth Luchenbill
New Investor from Marietta, GA--outside Atlanta
1 October 2018 | 8 replies
I have been doing a very slow crawl (while I clean up past financial mistakes & save cash for future successes) to get into the investment side, but have been working to gather some priceless experience along the way.We purchased our first home in 2005 and that became our very first rental in 2009!
Anthony Pace
Commercial Buildings - How to decide on renovations
2 October 2018 | 3 replies
This will give prospective tenants a clean slate with which they can re-imagine the space on a tour.Best of luck!
Mindy Jensen
Ep 285: 3 Reasons Multifamily Might be the Perfect Investment
5 July 2018 | 44 replies
Also, Maryland requires that a Resident Agent be identified for legal service.
Gregory Schwartz
Out of state, sight unseen investing
5 July 2018 | 110 replies
Pretty practical project management and risk management stuff you will be familiar with based on your military service.Go achieve your dreams.Thanks for the service, keep up the good fight for freedom.
Adrian Moreno
Driving for Dollars
23 August 2018 | 16 replies
@Adrian Moreno You have two pretty easy options.1) Go to the neighbors and ask if they know the owners and where they are.2) Use a skip tracing service to get the phone number and heirs of the current owner.
Jeremy England
Triplex appraisal value
28 June 2018 | 0 replies
The market rental rate for the units (after repair) is 625/mo, this coming from another building across the street with equal sized, clean, painted, with newer cabinets The tax assessed value is 72000.Unsure of repairs needed yet but if I guestimate 12/sf i'm looking at about 25000 (I'll verify this before bidding)Comparable sales do not reflect much due to the number of sfh surrounding the property.
Amy A.
Who do you use for Maine eviction screening?
5 July 2018 | 10 replies
I tested it by inputting the name of a person who had multiple hits on Padzilla and they came back clean on Rentec Direct!
Erik Sherburne
Higher rents more likely to come down than lower rents
2 July 2018 | 25 replies
In Portlandia were are see price concession and or free rent etc on some of the new build real high end 2500 dollar elevator buildings on the east side.. this is happening now.form what a friend of mine who owns a management company with 6k plus doors was telling me at lunch.a few buildings are stressed right now.take this scenario.. you buy the land 3 to 5 years ago it takes at LEAST 2 years to get through permitting then another year to build.. cost of building in this time has gone up 10% or more.. land is static .. and your proforma show this ever increasing rent.. you now come on market and your 4 story elevator building now cost you 400 a foot to build.so your in a new apartment 400k.. you need 2,500 a month just to hit your investor grade 4 to 5 cap.. and now rents start to pull back as they are or lease up is very slow at those values.. so you have full amount of debt on the building and of course everyone these days has max debt.. so debt service and DCR ratios start to go out of wac you have annual reporting and loan covenants .. you no longer meet your covenants and you have a cash call to your lender along with negative cash flow.. this is what I mean by some are stressed..
Steeve Breton
Are most syndicators only taking accredited investors?
30 June 2018 | 17 replies
Again just me I got to thinking well there is not time in the day to do proper client communication and service.. people are going to be calling and want specifics so to me it just seemed like something that would get pretty unmanageable in the Case of a WATER LANDING..