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19 January 2025 | 6 replies
Every market will vary due to labor costs.
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19 January 2025 | 55 replies
This plan also offers many integrations (at an additional cost) depending on what your needs may be.
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27 January 2025 | 10 replies
I was previously with Foundation Property Management, and they consistently mis-managed (horrible tenant selection, extreme rehab costs,...).
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1 February 2025 | 16 replies
This can put a significant strain on your finances and cash flowThey also often require a large down payment themselves and may have a strict repayment schedule that can be difficult to meet, especially if there are unforeseen circumstances or delays in renting the property or generating income from itIn addition, relying on this type of loan may expose you to higher financial stress and the possibility of default if you are unable to meet your loan obligationsThe final decision depends on your overall financial situation, risk tolerance, and your ability to manage the associated costs and obligations
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21 January 2025 | 6 replies
Cost of capital is high right now.
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17 February 2025 | 10 replies
My last transaction is up ~$1M above costs.
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16 February 2025 | 22 replies
Debt service is way up, revenue is generally down, down payments are way up, financing terms and costs are much worse.The time of fast scaling has passed, unless you're very creative.
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29 January 2025 | 6 replies
3) Your $250k with 30% down => about $750k (you also need funds for closing costs, taxes, etc.)
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29 January 2025 | 16 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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23 January 2025 | 11 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.