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College towns...
1 July 2007 | 5 replies
This is where all the kids are looking because they can't afford the insane housing right in the city.I work for a real estate investment company in Boston and we are purchasing a bulk of the real estate in these areas and finding buyers that want to purchase it off of us very easily because they know there are tons of college tennants looking for a place in these areas.
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Owner financing question
8 July 2007 | 4 replies
The primary driver I think for buyers using seller financing is because they cannot get approved easily for a traditional loan at reasonable rates; it's not that seller financed homes list for lower prices.
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I need investment advice
2 July 2007 | 3 replies
Hard to say without all the figures, but just from seeing 10-15k profit on a project costing 360-515k, thats a pretty small margin that you can easily eat up with a 65k budget.
Brian Naley
Investors in md/va/dc area
6 January 2008 | 7 replies
It has a bit of a sales pitch at the beginning and sometimes at the end, but overall, I don't find it too "salesy," and I'm generally pretty easily annoyed by sales pitches, so I think my viewpoint is reasonable.
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What about these Foreclosure sites
24 July 2007 | 9 replies
If you have a team in the area that you work in, then you can very easily do this on the internet.
Richard F.
PM software
31 July 2007 | 2 replies
By fully utilizing a relational database, you can virtually eliminate those errors, and gain better insight to all aspects of operations.Personally, I have abandoned MS completely, and believe that Open Source is the small businessman's Best Friend, but that's another topic all together.
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Soon-to-be new investor in Akron, OH...
16 July 2007 | 10 replies
We've found a couple of properties to our liking so far, and using the analysis tool provided by BP, they both seem to be good deals. 2 in particular stand out, both 6 units, one we can easily afford with the 20 % down payment, and the other one, which we can do the 20%...not so easily.
Brad Hardy
Return on Capital Improvements
10 July 2007 | 6 replies
Many "improvements" have zero added value, but will reduce operational expenses by eliminating or reducing piecemeal repairs and costly, inefficient, service calls.I always TRY to offer units that will attract the top 10% of the tenant pool for the price range... you get top rent, fewer headaches, less turnover, and lower overall operating expenses.As regards commercial property--typically this is NET NET NET and improvements are not an issue, other than negotiated TI's for a new tenant.
Andrea Hewitt
Calculating Value after repairs?
1 August 2007 | 9 replies
I've seen things before like you get back 90% of the cost of a kitchen or bath, 85% of landscaping, 95% of interior paint, etc, but I don't think that's what you're asking.On most rehab related things, I try to figure what is FMV of this unit AFTER I have done the everything to bring it into "easily marketable" condition?
Jeffrey Johnson
Selling and creative financing
30 July 2007 | 20 replies
You need to eliminate anything that looks "wrong" and take away any pre-existing objections in a potential buyer's mind.Price sells houses.