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7 February 2024 | 10 replies
And in order to make those projected returns pencil-out they used very aggressive/nonconservative underwriting including very high leverage (above 65%), floating rate loans (higher projected return but increased the risk of catastrophic default if interest rates rose), financially engineered capital stacks (which increase the risk of a problem for the normal equity investors in ways that are similar to taking on more debt), very high sponsor split compsensation that financially incentivize them to push the risk-envolope etc.On the other hand, all the conservatively underwritten multi-family deals (low leverage, fixed rate loans, simple capital stacks, average sponsor split compensation) are almost universally fine.Another area having problems is in the riskiest strategies like ground-up construction (opportunistic)...because everything is more expensive than projected.
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6 February 2024 | 8 replies
Syracuse is a great area for multi families as there are multiple universities and hospitals so there is an abundance of them.
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6 February 2024 | 7 replies
It is home to one of the only Level 1 trauma center hospitals (Carle) in the state outside of Chicago and the state's most prominent university.
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6 February 2024 | 2 replies
I'm posting this in Indianapolis but it could apply to any college/university town.
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6 February 2024 | 5 replies
These policies are usually permanent life insurance like Whole or Universal Life Insurance policies.
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6 February 2024 | 16 replies
Wife has a masters in engineering, son is a junior at Florida State University studying to be a Material Chemist, and our daughter is sixteen in attending college full-time.
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6 February 2024 | 20 replies
You can get very good property for the money, and in Lubbock we do not rely on energy, but mainly have a medical HUD and Texas Tech University which will always drive traffic and bring people to this area.
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6 February 2024 | 11 replies
Home to The Ohio State University with nearly 60,000 students, 5 Fortune 500 companies, over +25% population change since 2000, and the 2016 smart city challenge award winner (https://www.columbus.gov/smartcity/).
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5 February 2024 | 10 replies
Hi,I am a physician employed at a university hospital with W2 income.
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5 February 2024 | 6 replies
There’s no universal standard since it relies on two main variables–your investing objectives and current market conditions.Some key factors influencing a good cap rate include:/ Property location/ Building condition/ Asset type (class A, B, C)/ Overall real estate market dynamicsTaking these into account helps set realistic cap rate expectations, but historically, rates between 4-10% are often seen as solid.Of course, a “good” cap rate for you might fall outside that range based on your investing goals and the specific property/market, so don’t get hung up on chasing a specific cap rate number.What is a good cap rate for your market?