29 April 2011 | 5 replies
What are all of the numbers, and look at market time of other condos in the complex as well as the surrounding areas.
29 April 2011 | 1 reply
I've been contacted by someone who sold a small apartment complex to a buyer through seller financing.
2 August 2011 | 32 replies
About 80% of them in my state are in crap areas (war zones).The other 20% are the ones everyone is trying to buy in much better areas with the same or better rents and lower taxes.With any great deal everyone is looking for the needle in the haystack.I personally do not like these investments because of the intensive time they take and you get one bad tenant and cash flow is shot for the year.Also many of these homes are much older in age with deferred maintenance meaning huge bills down the road.The huge repairs would outpace any appreciation and rent increases in a bunch of cases.In my area jobs are more transient these days.Houses are harder to qualify for with the mortgage process.People do not want to buy a property when they see values going down and a bunch of HOA fees and maintenance bills.They would rather stay in an apartment complex where everything is done for them and can move in a quick changing market and stay fluid.Not all markets are like this and people are still buying homes here but not in droves.I think banks are expecting a fever pitch of buying this summers from home buyers.If that doesn't happen the banks won't feel as confident with the pent up inventory they will still need to liquidate.
5 September 2017 | 20 replies
Not for apartment complexes.
5 August 2011 | 28 replies
If you want to talk catalyzation, it's basically one chemical that acts as an intermediary of a reaction, so instead of going from A to C directly, which could be very slow (usually is, our body catalyzes a number if important functions, as does your car's catalytic converter for emissions), it goes from A to B very quickly, and then B to C very quickly.There's not really a way to catalyze a combustion reaction, since a combustion reaction using octane isn't that complex and it's already in its fastest form.
1 March 2012 | 17 replies
Management of an LLC is generally less time-intensive than management of a corporation, and the opportunity to pierce the corporate veil is more likely with a more complex entity.But again, consult a CPA and/or attorney...
19 October 2014 | 14 replies
This is a pretty complex topic, and insight from landlords is very crucial to getting me started as I research.
9 June 2011 | 9 replies
Also, for several blocks, there is nothing but small apartment complexes.So, the demand for the area is probably pretty low with all the competition and the complex is pretty tired looking from the outside, so I would imagine there are some pretty big repair expenses waiting.
9 June 2011 | 5 replies
A lot of the apartment complexes in my area will only do my reference check if I fax them a consent form signed by the applicant(s), so I've created a form specifically for this as part of my application.
5 October 2011 | 13 replies
"Warrantable" condos, which I believe is the term for condos banks will loan money on because they are conforming loans, require owner occupant rates, vacancy rates, complex has to be completely built out, etc...