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18 December 2024 | 11 replies
Also there is a special tax abatement for office conversions but requires the developer to retain 15% as commercial use.So we have the option to stack them and consolidate.
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15 December 2024 | 2 replies
Full Occupancy: The property achieved full occupancy within three weeks of listing, with strong tenant demand.High Cash Flow: The property generates $5,570/month in gross revenue and approximately $4,690/month in net profit after operating costs.Effective Use of 1031 Exchange: $300k of the total $420k investment was offset by the 1031 exchange, minimizing out-of-pocket expenses.Long-Term Stability: Designed for durability and versatility, the property is expected to cash flow for decadesLessons learned?
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15 December 2024 | 9 replies
Austin and it’s surrounding is on the top three list for highest decline and short term rental revenue.
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17 December 2024 | 4 replies
You're asking someone to spend a lot of time and energy to share what they've spent years - maybe decades - learning and developing.
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17 December 2024 | 36 replies
The key rules are as follows:1) Syndicator MUST have significant skin in the game, including 10% of the money raised in the first deal, 8% of the second, and 3% of the third2) The only fees allowed are 5% of revenue for property / asset management, which is enough to put food on the table, but not incentivize people to just buy, buy, buy3) The only compensation is 20% of the profit (less on the first 2 deals)4) Rapid acquisition is not allowed. 5% Is minus all operating cost correct ?
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17 December 2024 | 1 reply
@Anna Smith contact Alvin Schein esq212-935-1400His focus is development in NYC
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17 December 2024 | 5 replies
I have several contacts in new home construction, architecture, land developers and community organizers who help me locate buyers and sellers.
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17 December 2024 | 2 replies
Broadstreet Private Equity.They have several offerings including an infrastructure fund where they develop subdivisions for major national home builders in the Carolinas and Georgia.They also have started a store n lock fund in partnership with Public Storage , a cryto mining fund and I think a restaurant fund.I am primarily interested in the infrastructure and store n lock funds.Also, does anyone have any suggestions on back ground check services?
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17 December 2024 | 1 reply
The goal is to determine whether the government accurately adjusts DoD Basic Allowance for Housing (BAH) rates and to develop a predictive model to calculate possible future BAH rates for specific locations.We have pulled rental data from Zillow and historical BAH rates from the DoD.
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13 December 2024 | 2 replies
What you do need to have is some revenue.