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14 February 2025 | 4 replies
We’re currently using it for multi-family properties in a few core markets.While redIQ is a much more sophisticated tool that focuses on properties with over 50 units, our system is perfect for properties up to 50 units, providing an efficient solution for managing lead intake and financial analysis without the complexity of larger systems.Here’s how it works:Lead Intake & Processing: Automatically processes broker emails and key documents (OMs, Rent Rolls, T12s, etc.).Quick Review: Evaluates leads based on key metrics like IRR, price per unit, and more.Detailed Analysis: Extracts data from documents, evaluates financials, and identifies additional income sources.Market Research Integration: Automates checks on flood zones, demographics, school quality, etc.Deal Tracking: Uses Google Sheets to visually organize lead data—while not a full database system, it provides a simple and efficient way to store and track deals without the need for a full-fledged database like MongoDB.Financial Analysis: Built-in underwriting and financial modeling with automated reports.In addition to ZCG, I also own a portfolio of properties.
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10 February 2025 | 6 replies
There is some legislative push-back on "junk-fees", but every example I have seen was IMO truly a rip-off.
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25 February 2025 | 10 replies
Hi everyone, heres my BRRRR situationpurchase price 520,000rehab 25,000Appraised at 600,000Rents are now at 1950, 1850 and 1600 totaling 5400My question is can i get a DSCR to take out all 545,000 as the rent roll to to a mortgage for that amount would ratio out to around 1.4 but....obviously appraisal is not high enough for 80/20Any info on this or suggestions would be great.
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26 January 2025 | 2 replies
Sorry I didn't push you off of the fence.
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3 February 2025 | 7 replies
The conversation with city officials will continue as we push for zoning reforms that allow sustainable and affordable housing solutions.This win is a step forward, but there’s still work to be done!
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4 February 2025 | 2 replies
Hello,Im working with a lender to refinance into a Fanny Freddy mortgage now that I have stabilized my 36 unit complex.They have asked for a CAPEX schedule, and a T-6, in addition to the rent roll.
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25 February 2025 | 4 replies
It’s been a learning experience, and I think this is the push I needed to start looking at properties that the value comes from the NOI.
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18 February 2025 | 7 replies
Some people I spoke with think it's their attempt to push their skip tracing packages on you, but I cannot confirm this.Also, the text to lead percentage is .5, on average.
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24 February 2025 | 5 replies
However, realities shouldn't stop us from pushing innovation within our field.
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20 February 2025 | 7 replies
It is also something that pushes investors out not because the foundation but many of the underground problems that it could cause such plumbing.So when you find a house with such issues you have to estimate for your worst scenario.Happy to connect and guide you more.