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.

@Brandon JaThere is not one but what you could track is the 10 year treasury https://www.mortgagenewsdaily.com/mortgage-rates/30yr-treasuries

Once you have the LLC and IRS Employer Identification Number you can open a business bank account to track rental income and expenses. 

Real-Time Collaboration and CommunicationHave a tool for teams to collaborate on various subjects (designs, plans, and reports) in real time, with integrated email / chat to track history.3.

Property owners get an annual update on their SEV & Taxable Values with their city property tax bill, typically sent in December.So now, the city assessor tracks the SEV, but homeowners are taxed based upon the capped Taxable Value.

., If there are any issues with tenants or house needs maintenance, Doorvest reaches out to us by email and Doorvest also has online platform where we can keep track of all the statuses + income/expenses.

If the house is listed as-is, there won’t be much room for negotiation (ie. seller concessions/credits), but you can offer a price that factors in the rehab components.

I did hear back from TrueBooks and they had my return ready for me to review, but there was a tax credit missing, so we’re back to waiting for them to make corrections 😫 

Approached the seller asking they pay all closing costs, received enough credits to buy down the interest rate back into the 5-range (current rates were in the 7-range).

Approached the seller asking they pay all closing costs, received enough credits to buy down the interest rate back into the 5-range (current rates were in the 7-range).