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19 January 2025 | 8 replies
You basically have no escape plan.
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17 January 2025 | 3 replies
And, voilà, you have your own guide.Problem is what they'll likely want to know will probably be basic and already covered by those guides.
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13 January 2025 | 12 replies
In my experience, making on-time payments and making it clear that they are the first lender I am calling to fund a project have been necessary to building a strong relationship fast.
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15 January 2025 | 10 replies
Currently I work as a Project Supervisor, we do rehab in multi-family units.
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16 January 2025 | 26 replies
Quote from @Sophanara Khoeun: Quote from @Krystyna Schexnayder: For me personally, as a property manager and business owner, I truly believe this is not only about real estate, its a business of building relationships, and I think just being aligned with the basic principle that what we put out is what we get back, so I would be remissed not to oblige a new investors inquires.
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17 January 2025 | 11 replies
If all in around $435k, wouldn't she need to leave money into this deal with a projected ARV at $500k?
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14 January 2025 | 3 replies
I just added solar to the project this year.
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13 January 2025 | 17 replies
Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).
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17 January 2025 | 14 replies
While technically business purpose loans, these will still basically be 30yr (or whatever tenor) fixed rate mortgages.
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15 January 2025 | 15 replies
We know many agents in our market that are really clueless beyond the basics of tenant screening. - You have no recourse against an agent or PMC once you pay them for the placement and it turns out to be a terrible tenant:(If you have the time and network and post here for assistance, it's always a good idea to learn the rental business from the "ground up".Of course, one mistake can also cost you thousands of dollars.