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23 February 2016 | 19 replies
People are wired to move towards something or away from something, association is a learned thing, commonly known as "branding" in the marketing world, which is really like inventing a word meaning.
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27 September 2011 | 12 replies
I'm brand new though so I'm learning also.
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29 September 2011 | 3 replies
Hello BP members,
I'd like to know which companies make good basic entry level quality kitchen cabinets for it's price, quality and colors and around how much will it be? Kitchen size will be around 10x10.
And wher...
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30 September 2011 | 9 replies
If it is brand new the LLC will not have credit to get approved.
25 October 2011 | 10 replies
Dawn I would say the rate is high because of this:"Bank will do the deal at 15% down and 10 year fixed 6.5%"Only 15% is being put down instead of 25 to 35% the typical bank is asking for.So they price potential of default and all the other factors with appraisals and equity spreads into the rate.For much larger down the investor on the loan will take a much lower rate if it is a premium property.Less risk-less return is almost tied to anything.You need to go back a few years at least.I like to go five to ten and see how much insurance and property taxes have risen for that property on an annual basis.If they have not risen and stayed flat or went down I find out why.Could be a mistake on the city or counties part and it's fixing to go up or could be a temporary assessment relief program etc.The point is if these sharply rise in the near future it can throw off your projected numbers.I would try to fight the property tax if comps support it and get the taxes lowered to increase your bottom line.Regardless of age if you mishandle a a property (even a new one) and get crap tenants in there your maintenance costs will be huge.I have seen the wrong tenants DESTROY and brand new looking apartment in a matter of months.They also created a bug problem for the other good paying tenants that kept their place clean.With my buildings I have it in the lease that we do unit inspections every few weeks and if they do not keep the place clean then we evict immediately.When tenants apply we find when we say this upfront it gets rid of the deadbeats wanting to live like slobs,have unauthorized pets,and have big parties that trash the place.When factoring repairs is this property local to where you live??
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19 December 2011 | 86 replies
They are not friendly, they will not answer any questions and they will all snicker amongst themselves (if they are the true bidders, not the paid runners).I think it really is an issue that the investors who have been bidding on the foreclosures for 5 or more years, with some real war stories (like properties tied up for over 1 year after foreclosure by owners suing anyone they can name) truly do not want all this brand new competition.It took 3 years of hiding in a corner before anyone would even be nice to me.
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1 June 2012 | 14 replies
People connect with people, not brands.
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23 December 2019 | 51 replies
I'm brand new to the LLC world and have a lot of concerns that I'm assuming are normal.
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29 March 2012 | 13 replies
We bought a brand new condo and right away the double pane window in the kitchen showed condensation.
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16 December 2011 | 9 replies
I have to believe vacancy rates are high and rents low given the sheer number of brand new units I see for sale.Do you have any thoughts on CC?