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31 December 2024 | 18 replies
but it also could be the higher option in terms of active management required.3.
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31 December 2024 | 11 replies
@Dwayne RoweWe did a consolidation loan through a commercial banker (basically a multi-property DSCR loan) where we took out one loan that paid off 5 higher interest rate properties, and took out cash as well at the same time.
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8 January 2025 | 29 replies
Although the rent was slightly higher than the market rate, restoring the property to livable condition after just one year cost over $15,000.The property isn't listed on major platforms.This is concerning.
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3 January 2025 | 8 replies
The last few years we've just been nickel and dime-ing it-- picking up small value add add-ons near existing properties and recently did a "trade-up" 1031 exchange sale/purchase for a newer/better neighborhood property with one less but larger higher rent units.
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30 December 2024 | 4 replies
You STRs tend to be a little higher end and guests have higher expectations.
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31 December 2024 | 22 replies
Thanks Section 8 is typically going to be on the higher end of market rents for any given area.
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4 January 2025 | 12 replies
South Jersey that 95% probably is 50% (higher price points will still have attorneys).
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8 January 2025 | 33 replies
Our commercial loans are also with them so it would be great if all of our loans were in one place, but in order to refinance all of our loans with them now I’m guessing we’d sacrifice a few points on some of them and have higher payments impacting cash flow not to mention a lot more interest paid over the term of the loan which makes refinancing a non-starter unfortunately.
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29 December 2024 | 4 replies
I would suspect once investors digest the higher rate environment and some of the hurricane damage is moved inventory will settle out in neutral territory.
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2 January 2025 | 0 replies
Staging your house well can help you attract more attention from buyers, which ultimately helps it sell faster and maybe for a higher price than an unstaged home (see visual):What Are My Staging Options?