Hey all, I was hoping I could get some help in knowing what are the standards a property must pass. I am a Realtor helping a buyer using a VA loan. Must it be in perfect livable condition ? Are some blemishes ok ? To ...
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What are some industry standards that I can apply to these areas when evaluating properties?
Variable expenses
Vacancy
Maintenance
CapEx
Management fees
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Looking to do my first deal this year.One of the HML lenders I've talked to said these are their requirements for a newbie:650 credit score$10,000 in my personal bank account14% interest onlyIs this pretty standard ac...
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Hello Bigger Pockets,I have a foreclosed triplex under contract for $24,000. (Other numbers below for those interested.) However, my real question has to do with a couple of red flags that we are seeing that may just ...
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Does anyone have a Standard Operating Procedure they use when one of your rental units goes vacant? Primarily looking for something that lists the action steps (i.e.-Schedule needed maintenance, take pictures, order l...
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What do you all consider to be "Standard" Appliances in a rental SFR?
Some of the properties I have been looking at don't have any appliances in them at all. I am thinking Diswasher and Refrigerator are standard app...
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BP,My grandmother is getting ready to lose one of her tenants who is moving away. When she was with us for the holidays we discovered that she has not used a lease for her previous tenants. The only way I understand h...
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I have a question regarding bulk and density standards of business and commercial zones in Chicago. Specifically, a lot zoned B3-2. In this case, a minimum lot area of 1000 square feet is required per each unit. ...
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I often see a 2% selling cost subtracted from a residual value in the direct cap or DCF valuation method for commercial deals. Is this realistic? 2% seems low. Anyone know how this became a standard - the methodolo...
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A lifetime warranty means different things to different mfrs. I've gotten great parts replacement service from Pfister and even some of the various "house brands". A-S just told me I needed the receipt for a decade ol...