21 April 2018 | 7 replies
., I've heard about HELOC but I don't fully understand how it functions.
24 April 2018 | 19 replies
Interestingly, it wasn't until I decided I was ready to transition away from my current business that I popped up for air long enough to realize we had built one of the largest, most branded and visible, and highest grossing detailing businesses in the area.
9 May 2018 | 6 replies
I run the largest REI meeting in town and I have invested both in Vegas and out of state.
24 April 2018 | 16 replies
My understanding/impression is that most of the 15 tenants are in the 700-1500 sq ft. range with the largest space being 2200 sq. ft.The Office Submarket looks as such: Flat capital growth and lease rate growth since the recession13.7% average vacancy rate in submarket 3 star (10.9% across all level properties)Availability rate 13.9%12 month net absorption SF 227kAverage 12 month sales Cap 7.7% (across all star properties)0 new properties under construction or to be delivered in the next 12 months Average lease rates are $22-24 sq. ft (this property is about 21.5-22)Value add (seems to be a stretch but might be):Upgrading interior hallways and exterior for a broader appeal and capital appreciationOffer basic build outs to interested parties (not something the current owners do) Working against the office submarket in North NJ is a declining population.and high property taxes but the 2 star being at the bottom may be better equipped to handle stagnancy.This building is on main road with a15-17k car count a year/ does provide signage is near retail and less than a 1/5 mile off a highway exit and is close to a city center.
27 April 2018 | 134 replies
The case worker functions as the go-between, i.e., PM.
26 April 2018 | 3 replies
I’m also investing just 30 minutes outside of the third largest city in my state though.
6 May 2018 | 21 replies
For instance, Possibly the tenant has some type of disability (down syndrome) where they are highly functional but wouldn't necesarily meet the criteria or possibly they would and the parents just want to help them live a little better.Not sure obviously about this particular tenant however, if the mother is willing to go on the lease and she meets the criteria then I would not necessarily turn them down for just having her pay the rent.
25 April 2018 | 4 replies
I find that the market prices for risk/reward or your in an area of functional or economic obsolescence.if its your home town and you can self manage and want to do it.. seems Ok to me.. as long as your going in with your eyes wide open.I have helped many a C class operator scale their operations..
1 May 2018 | 28 replies
Some cities between Dayton and Cincinnati (the 2nd largest city in Ohio) - like Middletown and Franklin - also offer great returns and have high renter percentages than other suburbs.
30 March 2019 | 8 replies
There are already statutes and regulations regarding fraud and deception in real estate transactions.Educating people who want to be educated is fine, but if a governing body restricts the pool of ready and willing buyers, more properties will go to foreclosure and sit on the market longer.Real estate investors perform a vital function in every jurisdiction: putting properties back on the market, in good condition.Many of the properties they buy could never pass conventional lender's inspection because they typically require tens of thousands of dollars in repairs that most homeowners do not have or cannot do themselves.Additionally, many real estate investors near metropolitan centers can access almost an unlimited pool of funding to buy and remodel properties if the numbers work.From contract to close, the time can be in as little as 3-4 business days.The delay is mostly waiting on title companies.So when flippers mail letters and post cards to owners saying they can "close quick" and "all cash", that is a fact, not fraud.Of course, realtors will recommend you list your property – that's how they make money – so they are self-interested, which makes the report biased.Maybe next time you can have a "flipper" on you show for balanced reporting.The idea of anyone feeling "pressured" by getting a post card or flyer is ludicrous.If the homeowner doesn't want to sell, the solution is to throw them away.But the idea of "there ought to be a law" is equally ludicrous.If there are bad actors committing fraud, the answer is to enforce the laws already on the books.Out of all the properties posted for sale every 1st Tuesday of the month at the trustee's sale, a very large percentage never make it because they are bought by the very flippers you disparaged.If not for the real estate investing community, cities around the country would look much, much worse.My biggest complaint with your report is that you completely failed to get the rest of the story.Your editor needs address this."