11 December 2024 | 14 replies
This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.
11 December 2024 | 2 replies
The typical clients that seek out cost segregation studies include:Real estate companies that buy and sell multiple properties each year.Individuals with a portfolio containing investment properties including apartment buildings, multi-family homes and even single residences.Franchise owners with properties that are similar to one another such as assisted living facilities, storage facilities and golf courses.Business owners of hotels, food facilities, shopping centers, restaurants or manufacturing plants.It depends on the type of property, but generally 15-45% of the building’s costs can be classified into assets with a shorter life.
11 December 2024 | 7 replies
Overall sale prices of homes are lower than most areas so that 100-200K can be multiple down payment on investment properties.
11 December 2024 | 2 replies
My idea to buy a home is to get an 80% LTV 1st mortgage from a bank, take over that mortgage and give the seller a second mortgage for 50% of the 1st mortgage balance because I need some cash to cover the payments, which the amount of cash would be more than the remaining equity in the home.
11 December 2024 | 2 replies
We're looking at downtown homes with pools or homes near the beach.
12 December 2024 | 14 replies
ya I got totally home runned on a 40 lot development I was doing just north of town was in the county but the polictics are the same.
11 December 2024 | 5 replies
On a SFH home you can ask but you would be lucky to get a lease or rent rolls.
11 December 2024 | 6 replies
This tends to be the issue with these lower cost homes, unless you buy them very very cheap.
11 December 2024 | 5 replies
We have an addendum that we serve if this occurs that essentially gives notice that the home has been abandoned, and if we don't hear back from the tenant in the prescribed period we will take the property back per state code.Check to see if Georgia has this same thing.Then update your leases to include this for future tenants.Or find a rental association that provides leases with these baked in.
11 December 2024 | 6 replies
My girlfriend and I occupy one of the bedrooms in the home.