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10 August 2024 | 3 replies
(Purchase price somewhere in the $600k range)The property should bring in around $45-$55k/yr running as an STR and there's already a manager at the building if you want to be completely hands off.Add me and send me a DM if you're interested in submitting an offer on something like this.
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11 August 2024 | 16 replies
And I certainly didn't "cash flow", as rents were in the $18,000-20,000 range for the first few years.
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14 August 2024 | 51 replies
PM me pls Its hard to say - a broad range of things but essentially not disclosure issues and wanting things fixed that they didnt ask for after their first inspection.
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10 August 2024 | 13 replies
To get long term financing you have to be somewhere in the 75k range on loan amount .
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10 August 2024 | 8 replies
The range for full service is 15-25%.Also as mentioned above you ought to be licensed and properly insured if you are to be a property manager.
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10 August 2024 | 8 replies
These tenants are so big that obviously you aren't going to get a personal guarantee out of them, but they're also such a safe bet that it's not seen as a big deal.In the smaller range of 3-5 year leases and small businesses, you don't see a lot of NNN, and you see more personal guarantees for the first term of the lease.
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12 August 2024 | 25 replies
I would say it is doubly important for this price range (ARV is a half million!).
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9 August 2024 | 7 replies
The properties we buy are entirely turnkey and around the 40-65K range.
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10 August 2024 | 2 replies
They also always call from the same number range so most people are fine just opening the lock app and letting them in without video.
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9 August 2024 | 4 replies
Private lending is all over the map - could range from nearly being a bank underwrite to literally a handshake with your cousin Jim Bob.