6 June 2022 | 11 replies
Sellers want to close as soon as possible, sounds like they're in court splitting it, local appraisers are way too slow, last time I closed they took 6 weeks to appraise.The property is structurally sound, however needs a new roof and a lot of finishing work to make it STR worthy, currently rented long termI believe it's gonna be worth $1,400,000 after putting about 120K into it, and the sale price is 1,000,000Sellers don't wanna deal with any repairs and looks like each of them just wanna get their fair shareThe property is in prime location, across the street from the beachAt that loan size, the comparables will be sparse and take longer than a regular old house; regardless if you use an "in house" appraisal or not.
7 February 2023 | 1 reply
Here are some ways to increase cash flow from your properties:1.Raise rent: Regularly reviewing and increasing rent can help increase cash flow from your properties, but it’s important to ensure that the rent remains competitive and in line with the local market.2.Improve property management: Hiring a professional property management company can help streamline operations and increase efficiency, freeing up more cash flow.3.Increase occupancy rates: Increasing occupancy rates through effective marketing and tenant retention strategies can increase cash flow by reducing the amount of time the property is vacant.4.Implement energy-efficient upgrades: Making energy-efficient upgrades, such as installing energy-saving appliances or adding insulation, can help reduce utility costs and increase cash flow.5.Implement a preventative maintenance program: Regularly maintaining and repairing properties can help reduce the costs of major repairs down the road and increase cash flow.6.Diversify your portfolio: Diversifying your portfolio by investing in multiple properties in different geographic locations and markets can help reduce risk and increase cash flow.7.Refinance: Refinancing your properties can help lower your monthly mortgage payments, freeing up cash flow for other expenses or investments.By implementing these strategies, you can increase the cash flow from your properties and achieve a higher return on your investment.
18 January 2023 | 0 replies
Plus, regular lawn care can increase the overall value of your property.Install energy-efficient appliances: Replacing old appliances with Energy Star-rated options can not only save your tenants money on their energy bills, but it can also make your rental more appealing to environmentally conscious tenants.
16 February 2021 | 5 replies
I dont quite understand why they dont hold their value as well as a regular home (or maybe they do!
2 July 2018 | 3 replies
Starting with a residential MFH (up to four units) will also allow you to get regular financing, although under your personal name.
12 June 2024 | 14 replies
Often it's not intentional, it's that without regularity and familiarity, the target moves.
30 January 2018 | 21 replies
They think that real estate is a passive investment and as a result do not perform regularly inspect of their properties.
3 April 2024 | 2 replies
.• Only regular first-class mail meets the legal requirement for “mailing”.
18 December 2013 | 64 replies
(I’m going to post this on the old thread too) Hopefully we could make it a regular thing.
28 April 2014 | 22 replies
I'd like to setup a fairly regular meeting of the minds in Berkeley (where I live, selfish, I know!).