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26 July 2024 | 2 replies
.- Property Specifications and Quality: Detailed Specifications: Get a detailed specification of the property, including materials, finishes, and fittings.
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29 July 2024 | 7 replies
We always choose low maintenance materials for rehab in our class C/B properties.
30 July 2024 | 16 replies
There are some opportunities (potentially) developing in the Sunbelt with a steady increase of inventory over the past few months, but we still have yet to see prices drop materially.
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31 July 2024 | 20 replies
I specifically want to expand on Chris's point by discussing capital risk buckets, which help set a target return range for IRR.At my company, they are as follows:Core: Lowest risk, Class A product, in Central Business Districts, ranging from 7-10%+ levered IRR (since you're in development, I assume this is most of the asset class you handle).Core Plus: Still low risk, strong location with potential upside, 10-13% levered IRR.Value Add: Medium-high risk, Class B+ or B-, mediocre to strong location with operational or physical upside, 13-15% levered IRR.Opportunistic: Highest risk, major upside potential, varying locations, 15-20% levered IRR.As for the GP/LP split on promoted interest, GPs can choose an aggressive split, but the decision should be strategic and consider the preferences and risk tolerances of potential investors.
27 July 2024 | 4 replies
The following year would be considered passive, so even if you materially participated, it would still be passive the following year and you cannot offset your W2.Is this accurate?
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29 July 2024 | 9 replies
However, the flooring was just into the beginning stages of depreciation.In 2019 I did some rehabbing and replaced all flooring with waterproof LVP throughout having paid about $3586 for materials and installation.
29 July 2024 | 10 replies
We've issued non renewal notices at times when rents were materially lower than market.
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31 July 2024 | 27 replies
Here in GA it is a cash sale at the courthouse steps.With all the guru's and TV shows pushing "flip this house" and " a million mistakes were made and we still made money " newbies feel like they can't lose trying their hand at this stuff.In the entry levels flips new investors are overbidding due to lack of experience, construction materials are rising in cost, and contractors are in big demand so they are gouging on what they charge.
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24 July 2024 | 0 replies
I have been trying to find if there is a wall assembly material that can act as stuctural, shear strength, insulative, interior surface and exterior surface.
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27 July 2024 | 26 replies
How do the course material help you?