29 June 2019 | 21 replies
Could be a different neighborhood in 4 years and you got in early but has to be a gamble your willing to take.https://www.cityofrochester.gov/BullsHeadRevitalization/
30 June 2019 | 9 replies
When we invest in real estate we take a higher gamble than most at being a target for litigation.
28 June 2019 | 11 replies
Here’s what I’m not sure about: how to accurately analyze properties (ive read the BP post and I’m checking numbers against the stock market cash on cash return) When to involve a real estate attorney What areas in my city are “up and coming” and how to find out without relying on RE agentBasically am I doing things correctly so far?
27 June 2019 | 5 replies
Theoretically if the home is rented for top of the market rent and most if not all of the deferred maintenance has been addressed then your refinance appraisal has a better chance of coming in where you need it to as long as your projected ARV was accurate.
28 June 2019 | 6 replies
I would be using FHA financing and living in one unitThe numbers (my best estimate) would be:Rent(current 2 units at 750/month, 1 at 700/month, 1 vacant)=2200Potential rent(fully rented including my unit at 750)=3000PITI=1800 (PMI is making this expensive, this is a rough estimate but should be accurate+/-100)Maintenance=150 (5%)Capex=150 (5% roof was just repaired and 3 units have new heaters)Utilities=400 (best estimate for water sewage and trash seems high to me but would rather be conservative, this is what the last 4plex in the area I analyzed told me)vacancy=300(10% again being conservative saying I will lose about 1 month per year)management=300 (10% I will be selfmanaging at least while I live there but I want it to make sense financially with management)cash flow=$300 (not counting me paying myself rent)In these numbers I am assuming I increase the rent on the one unit that is currently below the others.
27 June 2019 | 3 replies
This puts you at just about 7% COCROI assuming all else is accurate
28 June 2019 | 5 replies
It could depend on the property you're trying to evaluate.https://www.washingtonpost.com/realestate/which-firm-has-more-accurate-online-estimates-for-homes-zillow-or-redfin/2019/02/19/7a1f6436-346b-11e9-a400-e481bf264fdc_story.html?
29 June 2019 | 5 replies
But what would be the best way to have the most accurate comps... to keep and build a positive relationship for your buyers?
2 July 2019 | 15 replies
You also haven't been on the market for very long if the information on the Trulia listing is accurate, so if you can afford to wait a while longer the buyer you're looking for might still come along.