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9 July 2024 | 8 replies
I had my fare share of financial modeling and asset management and can say I know how to analyze deals and asset manage very well.But, I was not too involved in the closing phases of the deals (lawyers, reports, debt placement, contract negotiations, parts of the DD...) so I lack knowledge in those parts, which I make up for in reading ton of materials and listening to podcasts.• After that I worked for three years as a management consultant at McKinsey where I sharpened my business acumen, problem-solving, storytelling, and presentation skills.
8 July 2024 | 4 replies
You’ll also need to determine your project delivery method (design-bid-build, design-build, etc).
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9 July 2024 | 8 replies
The whole financial freedom through real estate movement/model has been created on the back of artificially low interest rates following the Global Financial Crisis and that model won't work anymore for most unless interest rates or real estate prices in the US drop dramatically and most economists think they won't and for good reason.
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9 July 2024 | 6 replies
For the AC, I went with the GE Profile ClearView window AC unit, specifically the 8,300 BTU model which runs off of a standard 110v outlet, and is available on Amazon with Prime shipping.
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8 July 2024 | 42 replies
I think that he has a very good model.
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8 July 2024 | 22 replies
Fannie Mae's guidelines verbatim are as follows:Must be occupied by the borrower for some portion of the yearMust be suitable for year round occupancyBorrower must have exclusive control over the propertyMust not be rental property or a timeshare arrangement (this has the following disclaimer in the guidelines: If the lender identifies rental income from the property, the loan is eligible for delivery as a second home as long as the income is not used for qualifying purposes, and all other requirements for second homes are met (including the occupancy requirement above).Cannot be subject to any agreements that give a management firm control over the OCCUPANCY of the propertyThis means that as long as you intend to occupy the property some portion of the year, you could absolutely rent it while you are not using it.
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10 July 2024 | 112 replies
There is also alternate rent models such as STR, MTR, rent by room.
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8 July 2024 | 10 replies
Although the rent by the room model does come with more upfront work, and more tenants to manage.
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7 July 2024 | 17 replies
@Robert Ellis yes we have a duplex model that we build in Lehigh Acres and Cape Coral.
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8 July 2024 | 20 replies
Don's model is basically what I'm trying to do as well.