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23 March 2020 | 7 replies
I am very curious to know, if you guys could walk me thru the process it be very appropriate. 1) Rental Property Cash Flow Analysis- Due Diligence: a) The first step to buying a multifamily home is deciding on the right neighborhood to invest in.b) Property condition: Take into account how much time, money and work the property will need in order to be rent-ready. c) Rent roll: Look at the current rents and compare them to the average rents in the area to see what the property should rent for and can help influence your buying decision.d) Revenue & expenses: Look at what rental revenues are coming in and what the current expenses are and see if it makes sense, remember to add in your approximate carrying costs to see if you will be cash-flow positive.e) Vacancy rate: Look for a vacancy rate below 10% and see how long each unit is vacant per year so you can figure that into your carrying costs. f) Loan calculation: Add your loan calculation into your Analysis.2) Work with a RE agent.3) Choose the Right Lender.
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27 March 2020 | 2 replies
Unfortunately for me, however, that would push me out beyond the point where I could receive the capital gains exemption.
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20 March 2020 | 0 replies
It’s in a stable area, good rent roll, owner has taken care of issues quickly and all units leased.I’m not positioned for a conventional mortgage.
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21 March 2020 | 6 replies
I know this wouldn't be considered intelligent, but how many people have had experience with instead of paying certain bills on time, using that money to invest into/build their wholesaling business while their in the beginner stage of actually rolling out the marketing and building relationships at meetups, etc.
7 April 2020 | 16 replies
I purchased an asset in 2018 and the seller had conflicting rent rolls.
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21 March 2020 | 0 replies
They will have to open this area to remove/push the blockage here to get proper flow.
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3 May 2020 | 5 replies
Jacob is a great guy and he is continuing to roll out great features every quarter.
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25 March 2020 | 24 replies
Push hard for your earnest money to be returned stating all the items above (inspection issues and the documentation that they delayed the inspection.)2.
2 September 2021 | 1 reply
In NJ, right outside ManhattanPut an offer in December to purchase a condo with an initial close date of 2/4.Seller pushed back to close on 3/12 and after some deliberation we agreed since our lease was expiring on 3/16.Oil tank was found in the condo and confirmation letter sent on 1/22 to buyer.Oil tank still not removed and now further delays due to Coronavirus.My lease have run out, staying in a hotel with a 8 month old and wife with all stuff in storage locker.
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24 March 2020 | 2 replies
They will have to open this area to remove/push the blockage here to get proper flow.