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5 February 2025 | 2 replies
I am looking into my STR options but from what I have learned this is a overflowing market in the area and the vacancy's are increasing so I may look into mid term and long term only.
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20 February 2025 | 32 replies
Yes - and even when its out there its typically impossible to qualify (need high rate and high DSCR and typically would have to qualify as a LTR - so almost a unicorn or in a really bad market)
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17 February 2025 | 1 reply
As leases expire and economic conditions shift, the city’s grocery market will likely continue to evolve.
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7 February 2025 | 8 replies
Educate yourself on how to handle marketing, screening, late rent, lease violations, etc.
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11 February 2025 | 5 replies
Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont?
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30 January 2025 | 3 replies
RE isn't the stock market.
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31 January 2025 | 17 replies
If you’re in a market where you have to spend money on roofs, or exterior paint that’s ctainly you can save up for.
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31 January 2025 | 0 replies
Marketing to a bigger market of Buyers What was the outcome?
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3 February 2025 | 5 replies
Hey @Ashley Kroft I love using Pricelabs feature of creating a comp set because you can really drill down to the finer details of what others are doing in the market, in your specific area.
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19 February 2025 | 9 replies
There is a high concentration of those in Texas (about 2/3) but it is relatively similar in most of the markets we lend.