29 October 2020 | 12 replies
A couple highlights:MFHs can usually render better more cash flow since they typically cost less per unit compared to a SFH.MFHs can save you on capital expenditures since the roof, foundation, and other components are often shared.However, MFHs tend to see a higher turnover, I remember always feeling unsettled staying in a multi-family, but some people live in them for years.MFHs are often hard to value since they vary greatly in type and location.
20 October 2020 | 9 replies
Yes, but they are still historically low compared to years past.
16 October 2020 | 8 replies
If you know an area well it gives you a competitive advantage compared to others who never visited the city.
14 October 2020 | 22 replies
I’d recommend doing the work to see and learn about the property first then justify the offer based on the location, condition, comparable recent sales etc. so that your offer makes logical sense within the context of the market and has a chance of being accepted.
13 October 2020 | 3 replies
Try to ask each firm the same questions so you can compare apples-to-apples with answers.
13 October 2020 | 1 reply
It is really hard to compare apples to apples here because seller financing allows you to do more or less whatever terms you and the seller agree to, that could be amortizing over 30 years or it could be interest only over 3 with a balloon at the end, so you can propose different structures to get you where you need to go.
18 October 2020 | 4 replies
But you can determine what rental demand and vacancy time is by looking online at what is available to rent in your market - that is comparable to yours.
14 October 2020 | 12 replies
Even those who hire a cleaning person are not going to pay twice as much for a new COVID protocol.I am not sure I would compare it to the Soviet Union.
14 October 2020 | 17 replies
Having said this, remember that appraised value is based on comparable sales (and more).
22 December 2020 | 17 replies
You may avoid the taxes if you deposit the funds in an eligible retirement plan (which includes anIRA) within "3 years and a day" of the date of the COVID-19 distribution (note: compare to a 60-day rollover).