Mel Sims
What determines HOA Fees for condos
I’m from a city that has very little to no condos. I was looking at a few condos in Atlanta, and noticed that some I was looking at, their HOA fees were way more than others. What determines the price of an HOA fee fo...
Alexander V.
How do appraisers determine projected cap rate (in reality!)
Hello,
This has been asked many times, but after reading multiple other forum posts and articles, I still don't feel that I've found a straight answer. The most common appraisal method for commercial properties that ...
Mary Jay
Please teach me about arv
hi guys, on a big time crunch between 40 hr job/driving my son between his sports activities/orthodontist/doctors and pre school errands... so I apologize if my question has been answered in the past already...I hope ...
Obi Nwapa
Avoiding Flood Zones
Hello All,I'm looking to purchase my first rental property in the Houston area including the surrounding suburbs. Are there resources available that can help me avoid purchasing a property in a flood zone?Many thanks
Robert Walters
Loan Denied For Too Few Comps
I am attempting to purchase a tri-plex in a somewhat small town. After appraisal, the bank has determined there are no comparable properties and thus no basis for the valuation and have denied the loan. This was a sta...
Robert S.
commercial building
there is a comercial building that was appraised 18 months ago for approx. 780K. due to a distressed situation it is available to be purchased for 300K. it currently has 4 tenants which generate 4,200 per month and th...
Akkiemaj Frederick
How important is the homes worth/value when buying?
Im looking to purchase a 4plex built in 1895 for 90k but relator.com says the home is worth about 55k.Will the home value being lower than the purchase price cause issues like trying to refinance later?
Steven Andrews
Need STR lender that overlooks debt to income ratio
Looking at purchasing/financing a couple of STR vacation rental properties. Only issue is debt to income ratio is getting high due to primary home and financed rental property ownership. Does anyone know of good lende...
Adam R.
Based on Depreciation, how much did this seller pay?
I’m looking at a mobile home park and they provided the income statement. Based on the depreciation amount listed, I’m trying to determine how much the seller paid for the property.
Depreciation amount was $60k per y...
Andrew Glenn
Area demographics for investment properties
As with any purchase, due diligence is key. The big ones, such as neighborhood quality and home value are taken into consideration. What demographics do you use when analyzing a property? How important are they in you...