Zachary Dosch
Converting an office building to an apartment building
1 April 2012 | 28 replies
It depends on what the tenant base is.Efficiencies and one units have a bunch of negatives.Turnover and reconditioning cost is high.Lenders upon refinance also do not like 100% 1 unit buildings.So it can be hard getting cash out after rehab with that unit mix.Also what happens is usually if someone fall son hard times with a2 bed they can get a roomate and stay.If the girlfriend gets pregnant they can convert the second bedroom that was an office back into a bedroom.If the girlfriend of wife gets pregnant a second time they can take the 1 bedroom and take out the one bed and put a bunk bed in.With 1 units unless it is an abnormally large space for a 1 bedroom most tenants will move to a 2 bedroom.I personally like 2 bedrooms unless you are talking college dorms or seniors that need a 1 bed or studio space.
Jerry K.
My Arizona online tax lien auction results
17 February 2012 | 2 replies
For this year, I decided to use my spreadsheets of previous years results, to pick off a few select certificates on really nice properties in the Sedona area.I knew this meant my interest rates would be on the lower end, but still better than savings accounts, CD's, and Money Market funds.
David Kay
Buying homes from City Auctions?
17 February 2012 | 7 replies
The majority of the residents were students in the college there.
Joshua Dorkin
Upgrades / Renovations That Didn't Work
10 July 2013 | 11 replies
Maybe not.This property was in a city in which we had previously only bought mid-high end properties.
Ryan V.
Bank lending and debt/income ratios
21 February 2012 | 7 replies
They'll first calculate average Net Operating Income, computed by property, from the previous two years tax returns.
Sam Sagor
Convince me : sell or hold
18 February 2012 | 8 replies
Though in this subdivision they make you pull a permit just to put up a temporary structure, say a storage shed.
Jeff B.
32 unit deal, but not seeing it
18 February 2012 | 13 replies
Sanjiv, previous owner bought it for 1.3m in 2008.
Brad D.
Need Help Renting a Single Family House
18 February 2012 | 6 replies
I'm going to hopefully remedy this by using MySmartMove now which charges $25 (have been allowing people to fill out applications for free previously). 4.
Jon Klaus
Are you seeing rent increases?
13 May 2012 | 23 replies
I do know that with the lending market the way it is, and with so many previous homeowners with short sales or foreclosures on their credit record, they are all forced to rent.