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15 November 2024 | 16 replies
This company is completely on the up and up and is NOT a guru run operation!
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15 November 2024 | 13 replies
Now if rents can go to 1,100, different story.Value is based on Net Operating Income, and lending is based on Debt Service Coverage Ratio.Gino
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28 November 2024 | 184 replies
not sure what the attraction to invest with these folks was.. but it does sound like a meltdown and some pretty poor operators.
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18 November 2024 | 16 replies
I would check with a few different groups to make sure that they can operate in Detroit, and also to make sure that they will lend to the property in question based on the value.
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14 November 2024 | 1 reply
I'm an experienced workforce housing owner and operator.
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14 November 2024 | 7 replies
Or ask the third owner if they would also consider selling, so the whole property is sold.Whether a partnership or LLC, follow the Operating agreement.
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19 November 2024 | 6 replies
There are a few DSCR lenders that will allow you to operate a rent by the room strategy as long as the strategy makes sense, and no one related to you is one of the tenants.
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16 November 2024 | 6 replies
Focusing on the foundational basics and your operations is more important long term.
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18 November 2024 | 14 replies
I operate several mid term rentals and I'm still a big fan.
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13 November 2024 | 2 replies
Banks aren't really in the business of lending to real estate investors anyway...they focus primarily on "operating entities", but they can be done.