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24 December 2024 | 25 replies
What I’m discovering is that just because a town allows STRs doesn’t mean the local laws make them operationally feasible unless you meet very specific criteria.For example, in Highland Lakes, access to the lake requires private membership, and it’s unclear if STR guests can use it.
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19 December 2024 | 22 replies
I've been doing investment real estate for many years and the biggest way to get started is finding a commercial real estate market you can afford as the biggest hurdle.
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19 December 2024 | 4 replies
Sometimes they’ve got resources or connections that could help speed things up.What’s your biggest concern going into the hearing?
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18 December 2024 | 11 replies
In 2021 we bought the building for $1.5M using private lenders, pushed the occupancy from 50% to 80% occupancy and it appraised for $3.125M, allowing us to pay back the private mortgage.Right now, we are in the predevelopment process of design and piecing together the capital stack for the redevelopment deal, which will be made up of historic tax credit equity, RestoreNY Grant, DRI Grant, etc.
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19 December 2024 | 4 replies
Bird dogging is a way to make money but its not gonna get you rich.WE have had many do some birddogging for us on the private lending side to find qualified people that need a loan and its interesting how many last a few weeks - I sense the same holds true for real estate bird dogs.
20 December 2024 | 2 replies
I don't know how to make this happen but the numbers work well, so I'm looking for creative advice/equity partners/private money/hard money for how to make this happen, and then when my business sells I can pay back the loan and find financing at that point to continue the rehab.
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18 December 2024 | 7 replies
The net result is basically the same, but it keeps the two properties separate from a lenders perspective.Any low down payment money, particularly on an investment property, is going to come from a private money lender.
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17 December 2024 | 1 reply
Biggest caveat is you didn't mention the location.
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20 December 2024 | 4 replies
- Network with local agents and investors, so you start getting first crack at new deals.If you can amp up the cashflow on the first duplex, you can use the extra cash to:- Pay down the mortgage, setting yourself up for a future refinance to free up your VA Entitlement.OR- For your next acquisition.One of your biggest challenges will to keep the cash flowing when you move out of a duplex.
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16 December 2024 | 11 replies
Is there something I need to do to get my phone number and name disassociated with these properties or at least made private?