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20 February 2024 | 3 replies
I am looking specifically for someone who is excellent at carefully monitoring and toggling pricing with the goal of keeping the Unit as occupied as is possible.I do have access to a few excellent cleaning crews and so I can take that on, but am also open to full service companies who have cleaning in house.I will also consider "small footprint" operations with good references and proven expertise.Thank you,John
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20 February 2024 | 1 reply
Becoming an affiliate will allow both ends to track KPIs and monitor deal flow. 2.)
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20 February 2024 | 12 replies
Hello Josh, As you know, syndications are considered private placements and are monitored by the SEC.
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20 February 2024 | 13 replies
We have a project in with the city permit group being reviewed.Just recognize you’re talking bigger dollars and infrastructure.
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17 February 2024 | 0 replies
Additionally, are there any other rules of thumb or key indicators you would recommend monitoring to ensure operational efficiency and profitability?
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19 February 2024 | 12 replies
Well, IMO it just can't compare to some other fast moving markets like Texas and Florida for example and should be considered as a strict cashflow play.Columbus, Cincinatti and Cleveland move quicker with higher demand and more infrastructure also IMO.With said, Toledo's growth the last few years has been whopping and as @Ahmed Alswaiti mentioned is predicted to grow even further this year.Not a fan of predictions and I always advise looking at the numbers in the deal TODAY and if they make sense.Any appreciation is just the cherry on top IMO.Still buying sub $100,000 properties that easily exceed the 1% rule here.Not sure of many markets that can take claim to the same.Just negotiating on a 6 unit in Point Place (Toledo folks will know the area well) for $160,000.100% occupied.Needs around $50,000 in rehab or so.Optimize rents to $4,500+ per month and ARV should be $350,000 - $400,000.Get 4-5 of those and pina coladas in the Bahamas 😁Find me another market with such deals and I'll be there hehe
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19 February 2024 | 145 replies
Best, Junior Farmers makes sense if you've got a good infrastructure built up to drive sales.
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19 February 2024 | 16 replies
You can monitor them online, or even better do some mystery shopping.
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17 February 2024 | 4 replies
We have houses in 3 counties around RIchmond so we are constantly monitoring the market.
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18 February 2024 | 11 replies
The kew factors are: Inventory(choices), project turnover (close to close/refi), resources to make the moves, and resources to find, rehab, and then sell the flips and a lender for the bridge loans and the refis.Most people, most, will have a hard time scaling on their own, especially of their home market is un-investable to them.I keep my clients busy by opening up markets and making those key relationships and putting an infrastructure in place that will find, lend on, and rehab houses.