Jesse A. Nieto
Before the booms
16 September 2024 | 3 replies
A couple big-time development projects has recently gone underway (expansions of hyper-wealthy member clubs)we're looking to expand into a couple new markets, but we are entirely open to other locations.So I guess my questions are...1-is there a hands-down, by-the-numbers, best location in the US to invest in 2025?
Jeff Costa
Why is there no alternative to Paperstac?
18 September 2024 | 13 replies
In many industries, the introduction of accessible platforms has led to market expansion by lowering barriers to entry.
Saleh Riazi
My Experience Investing in Columbus OH.
15 September 2024 | 31 replies
The good neighborhood, area around OSU, upper Arlington, Dublin, etc, are pretty expansive now.
Shrikant Kakani
Not sure where to start my investing journey
20 September 2024 | 24 replies
I moved here from Florida after seeing the expansive growth in the Columbus market.
Sanjeev Advani
Rising Demand for Retail Space Despite Limited Availability
14 September 2024 | 2 replies
The 13 million-square-foot demand increase was mainly due to new pre-leased spaces becoming available.Looking ahead, demand for retail space is expected to remain strong despite upcoming store closures, as expansion plans from tenants are likely to offset vacancies.
Dilcia Morales
DSCR Docs Requirement
17 September 2024 | 22 replies
Throughout 2023, we have published several articles on DSCR loans, introducing the BiggerPockets community to how interest rates and terms are determined, giving answers to frequently asked questions about DSCR loans and talking about exciting new developments and expansions of the product, including DSCR loans for five- to 10-unit multifamily properties.This article will cover another big aspect of DSCR loans–specifically, what documents you will be expected to provide once you have decided to go with a DSCR loan.
Naveen kumar Vadlamudi
New out of state investor looking for college towns
14 September 2024 | 24 replies
There sports teams are on the radar, RE expansion and Eli Lilly a major pharmaceutical company moved their headquarters there.
Andrew A.
Buy, Refurbish, AirBNB, Sell (in a foreign country)
10 September 2024 | 1 reply
Here’s the situation:Key Project Details:•Property Size (pre-renovation): 250 sq. meters (2500 sq. feet)•Purchase Price: 250,000 EUR (1,000 EUR/sq. meter)•Renovation Costs: 750 EUR/sq. meter (includes kitchen, appliances, quality furnishings)• Loan costs (during renovation and renting): 350 sq. meters (due to attic expansion)•Property Size (post-renovation): 350 sq. meters (due to attic expansion)•Post-Renovation Layout: 2 separate apartments•Airbnb Income (24 months): 2,500 EUR/month/apartment (= 5,000 EUR/month)• Other running costs: 600 EUR/month•Projected Sale Price (after 2-3 years): 850,000 EUR (approx. 2,500 EUR/sq. meter)•Closing Costs: Negligible in Tbilisi•Real Estate Agent’s Fee: Typically 3%, but negotiable based on who hires themFinancing Setup:•Property Purchase Financing: 100% bank financing at 5.9% interest (bank has even financed 150% to cover some renovation costs in the past)•Renovation Financing: Our friend is offering to finance 250,000 EUR in cash for the renovationsProposed Partnership Structure:•Work Involved (on our side): Full renovation (10-12 months to complete), furnishing, and property management through Airbnb until the sale (2-3 years)•Profit Split Proposal: 60% (us) / 40% (friend providing renovation financing)Questions for the Community:1.Does the proposed profit split (60/40) seem fair, given the work we would handle (renovation, furnishing, property management)?
Matthew Wright
San Francisco- Multiunit building- legalizing 3rd unit
10 September 2024 | 7 replies
Just realize that at the end of the day it is the Inspector's name on the line if something were to happen, so it is not a surprise when Inspectors want everything opened up to see what is behind the drywall.3) IMHO, the ideal option would be for you to get permits for an expansion and bring everything up to code using those permits.4) Lastly, if your ground floor unit is vacant, I would recommend keeping it that way.
Chris Seveney
Significant Increase in Posts For Financing...
16 September 2024 | 43 replies
Also set aside funds to develop a new “A” location with better returns and market expansion than the “C” market we sold.