I usually factor 5-10% based on the property condition. Better to err on the side of conservatism, so if you're not sure, use 10%.
Marcus
Covid-19.How are we addressing multi/apartment common areas to remain in compliance?What are the issues and how is this affecting your business?Thanks-ROGERH~
I evicted a tenant yesterday who hadn't finished moving all his property out of the residence. Does his 15 days to retrieve property include weekend days? I planned to err on the side of caution and go with business d...
Hello Investors:I recently signed up for RealtyTrac and there seems like very helpful info there. Example: LTV ratios/Equity, etc. It helps me to see which foreclosure properties I can actually have bargaining power w...
I am frustrated. Once again I feel defeated by the awful inspection system of Baltimore City.I just had one of my units inspected and it failed for the most subjective items. Such as:Paint walls in basement laundry ro...
So I’m about to get my real estate license in Georgia. I send direct mail with generic “I want to buy your house” type stuff. I’m not advertising to list properties. In fact, even if the customer wanted to list I woul...
We're doing some planning for next year for taxes and what is becoming increasingly clear is how stupid our tax system is. Projects we set up as syndications where we're contributing both labor and capital can be str...
So let me start with the back story and present situation... I own 4 long term rentals, and 1 short term rental out of state. I'm in the process of closing on a second out of state short term rental, and I self manage...
Hello everyone,If I use a personal loan to buy a property with cash, what happens when I go to refinance? It has a renter in place but selling at a great discount and all the numbers would even when inflating everythi...
Hello! I am currently struggling with bpo/cma. I find it extremely difficult to master this skill, and I am well aware that this is a priority and critical if you want to be successful in real estate. I want to do it ...