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17 December 2024 | 20 replies
I believe that the Federal Reserve is going to cut rates by 25-50 bps at it's September meeting (no emergency cut), but that 30-year fixed rate mortgage rates will rise to upper 6s low 7s around the same time, and Commercial borrowing rates, including for multifamily, will increase as well.
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7 January 2025 | 20 replies
If you do decide to work with them, you could set up a clear partnership where they’re equity partners and you handle the management and operations.
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30 December 2024 | 16 replies
I assume cut value by 20%?
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30 December 2024 | 5 replies
Back in the world of 3% rates, you could get a HELOC instead of the primary mortgage and lower your daily balance and cut down the life of the loan significantly.
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15 January 2025 | 29 replies
As a sidenote I see people doing this and jacking up the price of the home to seller finance to above market value - if you do this you better be VERY clear with your investors that you are writing a $300k loan on a $250k property as if you do not you can get in some serious hot water later on down the line when doing valuations of the company.
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23 December 2024 | 9 replies
Ensuring transparency and efficiency in managing owner resources is critical1.Clear Communication on Costs: Provide owners with detailed breakdowns of repair costs and explanations for necessary expenses.
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31 December 2024 | 2 replies
Be clear on the key features, then tell everyone what you want.
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19 December 2024 | 7 replies
If you have an active root...over time it will grow back in there unless you excavate, cut and remove.
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24 December 2024 | 25 replies
On average, we see rates eventually drop to around 37% lower than where they started at the 1st cut by the end of the rate cut cycle.
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28 December 2024 | 8 replies
The harsh truth is that you are not cut out for this business.