7 August 2019 | 20 replies
In general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) Don't allow for your own independent property inspection Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) Require you to pay for any renovation upfront Sell only in cheap. low end neighborhoods Don't accurately represent the neighborhood/property classification Don't have consistent rehab standards for all properties Don't provide a scope of work for the property Can't provide references of repeat investors Require you to close before a tenant is in place
20 March 2019 | 7 replies
So this is one indicator that despite the decent NOI, the market has not been willing to facilitate an exchange of owners for over a year now.
17 March 2019 | 2 replies
I ask because I've only used free online resources like the Trulia.com Crime Heatmap, which previously had green to yellow to orange to red to indicate progressively increased crime, but is now just progressively darker shades of blue (likely due to the historical association with "redlining").
20 March 2019 | 115 replies
The only reason I bit and indicated we were interested in an submitting an offer was because we noticed the listing while out and about.
1 June 2019 | 5 replies
hey all, i was wondering if some more veteran investors in canada (even better quebec) can give their opinions on these two quintuplexes that i'm currently looking at in sherbrooke, and my analysis of the propertiesproperty #1: quintuplex with gross rent 28,260/yr with asking price of 150khttps://www.centris.ca/en/5plex~for-sale~fleurimon...pros: cheap, high cash flow, downtowncons:old (built ~1900, in a somewhat seedy part of town)property #2: quintuplex with gross rent 27,360/yr with asking price 200khttps://www.centris.ca/en/5plex~for-sale~mont-bell...pros: relatively cheap, a bit newer (1950), good location (downtown+near stores)cons: on a busy road (kind of noisy), some grafitti on the side (indicates poorer neighbourhood)what do you think?
18 March 2019 | 13 replies
% rule is just an indicator.
17 March 2019 | 3 replies
Ideally could have some kind of clause that any damage done by a specific roommate should apply only to that roommate (for similar reasons to above).Anyone have good examples of these, or indicate the legality of such documents?
20 March 2019 | 9 replies
@Cody Furman, did they indicate that they were moving?
22 March 2019 | 8 replies
You indicate you do not like the job you are currently in - could you / would you consider changing jobs to something else that pays similar amount or even slightly less?