Jesse Buchanan
Contractors versus running crews for fix and flips
8 March 2024 | 19 replies
For example, an electrician might have 6 months of work lined up, but they will drop what they are doing for a GC they work for to complete a project.
Matt Taylor
First Deal - Cold Feet
9 March 2024 | 6 replies
I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???
Felix Shi
Spent 250K to add an ADU in South Bay or buy a condo in East Bay in 2024
9 March 2024 | 26 replies
My current understanding is that ADUs may offer better cash flow, although they may not necessarily provide superior appreciation compared to condo investments, considering the anticipated decline in interest rates over the next couple of years.Thank you for your expertise and guidance!
Andrew P.
cash out refinance investment property
8 March 2024 | 14 replies
Here's a bit more in detail about how rates are calculated for DSCR loans:1.
Logan M.
Pitfalls of CAP Rate and Mobile Home Parks
6 March 2024 | 9 replies
Your CAP rate will be dangerously inaccurate Good post.
Alex Banyasz
STR Insurance Policy Limits
7 March 2024 | 14 replies
Best quote I've gotten is up to 500K, but I've heard $1M should be the minimum.Smaller concern of mine - bedbugs.You seem to be the resident expert on the subject matter - drop some knowledge on me!
Yakir Aloni
Lenders help ty for this
8 March 2024 | 6 replies
So i want lenders but the 20% dwon doesn't work for me it's to high i get 11% rate and 20% down but the down payment too much for me not work for me 20%.. so if you can help with this or you know someone you work with and you trust so pls let me know... ty have great day
Marcus Gendke
Economic Headwinds Abound
6 March 2024 | 0 replies
In our previous discussion, we delved into the effects of interest rates on small businesses, but it’s worth noting that these rates also have considerable influence over larger enterprises.Corporations are facing a daunting challenge this year, with roughly 33% more debt to refinance, totaling a massive 1 trillion dollars or more due in each of the next four years.
Henry Hsieh
CAP rate question
6 March 2024 | 1 reply
Lately I have been studying the multifamily property market and I continue to see cap rates between the ranges of 5-8% within 6-8 units around where I'm looking to target my investment.