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11 September 2024 | 4 replies
Also size, if you're talking about 2 - 4 unit properties versus larger 50+ unit buildings the resources for those are much different.
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13 September 2024 | 12 replies
I valued it by looking at comps for similar sized properties sold in the last 3 years, and the assessor's website.
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12 September 2024 | 8 replies
Unless this is a wall oven, most ranges are a standard size.
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11 September 2024 | 10 replies
Regarding the fees, that will highly depend on the size of the loan.
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11 September 2024 | 4 replies
Some municipalities like Dekalb County and Decatur require the homeowner to live on the property.ADUs should be at most 40% of the main residence's floor space, with a maximum size of 800 square feet in some areas.
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11 September 2024 | 16 replies
Depends what size multifamily you're looking for.
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10 September 2024 | 12 replies
Do you have a template of some sort so I can make a flow chart?
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10 September 2024 | 1 reply
Here’s the situation:Key Project Details:•Property Size (pre-renovation): 250 sq. meters (2500 sq. feet)•Purchase Price: 250,000 EUR (1,000 EUR/sq. meter)•Renovation Costs: 750 EUR/sq. meter (includes kitchen, appliances, quality furnishings)• Loan costs (during renovation and renting): 350 sq. meters (due to attic expansion)•Property Size (post-renovation): 350 sq. meters (due to attic expansion)•Post-Renovation Layout: 2 separate apartments•Airbnb Income (24 months): 2,500 EUR/month/apartment (= 5,000 EUR/month)• Other running costs: 600 EUR/month•Projected Sale Price (after 2-3 years): 850,000 EUR (approx. 2,500 EUR/sq. meter)•Closing Costs: Negligible in Tbilisi•Real Estate Agent’s Fee: Typically 3%, but negotiable based on who hires themFinancing Setup:•Property Purchase Financing: 100% bank financing at 5.9% interest (bank has even financed 150% to cover some renovation costs in the past)•Renovation Financing: Our friend is offering to finance 250,000 EUR in cash for the renovationsProposed Partnership Structure:•Work Involved (on our side): Full renovation (10-12 months to complete), furnishing, and property management through Airbnb until the sale (2-3 years)•Profit Split Proposal: 60% (us) / 40% (friend providing renovation financing)Questions for the Community:1.Does the proposed profit split (60/40) seem fair, given the work we would handle (renovation, furnishing, property management)?
11 September 2024 | 11 replies
Preferably no more than 30 minutes from a good size city or town.
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10 September 2024 | 5 replies
The host, Justin Kivel, breaks down the terms and underwriting in a way that is easy to digest and in bite size videos.