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How to Modernize an Outdated Rental Property

February 28, 2020 by Marco Santarelli

As a property owner who struggles to find tenants and receives few applicants, there might be several factors and reasons. But one of these reasons could be that your rental property is outdated. Being outdated can mean that the kitchen appliances look like they’re on their last life, or it can mean you have a strict screening process or stipulations for would-be renters. 

So, to spark more interest to potential tenants, you need to make some updates–whether it’s to the interior spaces or the lease itself. Here are a few tips on how to modernize an outdated rental property and bring it into the new age. 

[Read more…]

Filed Under: Flipping, Real Estate Investments, Rehabbing

Choosing the Right Neighborhood

May 12, 2015 by Marco Santarelli

Classifying a neighborhood by “type”, or what many investors refer to as a “grade”, is typically nothing more than a subjective description.  Although most people will have a general idea of what is being referred to, in my experience it is usually nothing more than a qualitative rather than quantitative description.

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Filed Under: Flipping, Getting Started, Housing Market, Real Estate Investing

Understanding Your Purchase Appraisal

July 15, 2014 by Marco Santarelli

Appraisal FormOnce you have a property under contract and you’ve performed an inspection, it’s time for your loan officer to secure a purchase appraisal.

Be aware that an appraisal will almost always render a lower value than you determined in your comparative market analysis, for a number of reasons.  Appraisals do not give an accurate market value – they simply give you a reflection of what you’re trying to accomplish with the bank.  There are actually different types of appraisals, and each one serves a different purpose.

[Read more…]

Filed Under: Financing, Flipping, Real Estate Investing

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