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17 October 2024 | 9 replies
Additional units will add a HUGE layer of risk that will be accounted for during underwriting with this scenario as you are very clearly purchasing the home in WA with the intention of renting it out for cash flow (that's not a primary residence, but an investment).Personally, I would advise you to do this as a second home transaction, as the second home scenario makes a lot more sense to me from an underwriting/guideline perspective.
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18 October 2024 | 7 replies
When the transaction is initiated, you consider it paid.
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15 October 2024 | 5 replies
I know it depends on how many messages you send daily, but I just want to get a general idea.
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15 October 2024 | 2 replies
I then want to have a virtual meeting with the GP who will actually be overseeing the daily operations.One of the projects is already stabilized and the GP is looking to sell; should have a significant amount of capital returned.
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16 October 2024 | 5 replies
My CPA requires Quickbooks online and it seems there isn’t an easy way to do the data entry and allocations and keep those two systems inline with all the transactions.
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19 October 2024 | 15 replies
•ADR (Average Daily Rate) is around $150-$300 depending on the property and season.
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15 October 2024 | 2 replies
Here is what one of my 4 AIs say:The commission structure detailed in the image for a real estate transaction involving a property valued between $30M and $40M is as follows:Under $34,000,000: 1% (0.50% per side)$34,000,000 - $34,999,999: $400,000 ($200,000 per side)$35,000,000 and above: $500,000 ($250,000 per side)To evaluate whether these commissions are fair for a 112-unit apartment complex valued between $30M and $40M, let's compare them to typical real estate commission rates for large commercial properties:Typical Commission Rates:For commercial real estate transactions, commissions generally range from 1% to 3% for properties valued above $10M.
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17 October 2024 | 20 replies
I have several friends that have closed hundred plus of transactions and they asked the seller when do they want to close.
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16 October 2024 | 6 replies
While I have a Broker license, I've don't do any buy/sell transactions.
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16 October 2024 | 16 replies
The fee should be relatively small compared to the investment in a meaningful direct mail campaign.You may also want to chat with a few title companies about what kind of transactions they'd be comfortable with.