Kevin Cole
To sell or not to sell
4 February 2025 | 4 replies
Some special assessments are already board-approved for 2025 and 2026 to help raise capital for such items, however I know when the time comes there will be a loan which likely demands a higher monthly payment for owners -- reducing my cashflow. - Based on sale of other units in the complex, I believe my current equity to be roughly $160,000, a little more than 50% equity. - The condo is currently leased through April 30, 2025. - August 2025 will be 3 years since I moved out.
Don Konipol
Passive Investor Strategies vs Active Investor Strategies
24 January 2025 | 3 replies
Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health) and choose the one that is most “stable” with the best potential for long term tenancy.This advice is contrary to maximization of rental income, but IMO will reduce expenses of tenant turnover, property damage, property management fees so much that the difference in bottom line income will be quite small.
Allende Hernandez
Do you run screening in all the potential tenants?
22 January 2025 | 16 replies
Screening everyone over 18 helps reduce the risk of costly evictions and ensures you’re fully informed about who will be living in your property.Additionally, be mindful of the number of occupants and how it might impact your property.
Joe S.
Creating a note in order to sell it.
27 January 2025 | 7 replies
With newer notes especially, partials reduce the discount.I'm not a fan of balloons for seller financing - especially shorter than 10 years.
Allison Littman
"Church" Purchase Creative Financing
11 January 2025 | 7 replies
My agent is saying that we are unable to split the contract that way (or reduce the purchase price), so I'm trying to figure out options.
Andy Wang
Should I sell my note? 1.2M @ 8.5% for 4.5 yrs
27 January 2025 | 7 replies
Maybe half upfront and reduce the rate of interest on the balance..
Bob Willis
DSCR for acquisition of existing PadSplit
16 January 2025 | 21 replies
If the market rents do not cover the mortgage, you may do a no ratio DSCR for a higher rate/reduced LTV Which most likely the 1007 will be nowhere near the revenue generated by a PadSplit operation.
John Murphy
Ready to jump in…
21 January 2025 | 4 replies
He tells you to pay him $5,000 (or much more) to learn all the "secrets" that made him wealth, but then he doesn't tell you that his "secret" was to increase earnings, reduce expenses, save up and invest.
Peter Firehock
Multifamily Market Outlook for the Washington D.C. Metro
26 January 2025 | 3 replies
Source , but for the ones that are that could be a risk if Trump and DOGE's plans to cut those jobs ends up reducing a significant amount of the jobs in DC.
Akintunde Aboaba
Seeking Advice on Starting Real Estate Investment in 2025
22 January 2025 | 3 replies
Hi @Akintunde AboabaIf you want to reduce your risk of difficult tenants, choose a province with fair landlord-tenant laws, like Alberta, and not BC.