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21 May 2021 | 1 reply
The obvious pro is that income is higher than comparable residential as you can rent by the bed as opposed to by the unit making the 10 units rent to 28 Beds.
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5 June 2021 | 27 replies
I've had interest in San Antonio and OKC for some time as lower cost markets compared to what we're used to.
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27 May 2021 | 33 replies
Since they can't do each property individually, they use comparables to make broad generalizations to determine percent changes.
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21 May 2021 | 0 replies
In addition, investigate how much you can really rent the other units for by looking up comparable rents in the area.Bonus Tip:Always save at least 1-3% of the value of your home for unexpected expenses, even if you're house hacking.
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24 May 2021 | 12 replies
The cashflow is very insignificant compared to how much a property's value can be increased by doing some cleaning inside and out, painting, making the yard look nicer, bringing in better quality tenants and normal appreciation.
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5 August 2021 | 7 replies
You have to constantly deal with refunds, overcharges and credits and you have to take a sleuth of payments every month compared to a conventional unit and then you need to constantly do accounting.
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26 May 2021 | 3 replies
One thing you could also do is look at square footages and compare to what it is selling to and what has sold previously and you will have an idea if it is possibly overvalued or undervalued.Hope this helps!
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23 May 2021 | 8 replies
Since it is a unique property with 4 cabins in a vacation rental destination, I am assuming the best way to value would be a cap rate on NOI, as there are not really sales comps to compare.
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11 January 2022 | 29 replies
As long as you're comparing ROI against your initial cost basis then you will always be able to see which is the best performer.
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24 May 2021 | 17 replies
Increased rents don’t raise appraisal/value....4 pledges and under are valued by comparable sales. “$2-3k per unit” is considered a “rehab”.