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25 January 2025 | 6 replies
I personally feel it's very intrusive to call someone like this, but maybe it's considered acceptable?
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11 January 2025 | 15 replies
Yes, I realize it was the first time, that is why I would cover the cost in an effort to be a good landlord and not discourage my tenants from reporting future issues.
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4 January 2025 | 14 replies
He abandoned trying to scale.Learning from this experience when my partner and I decided we wanted to double our net income, we realized it would take a increase of 2 1/2 time our volume and probably need to triple our deal flow.
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21 January 2025 | 27 replies
There is a large population of low income persons who are poorly integrated and somewhat centralized.
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19 January 2025 | 9 replies
Keep in mind that DSCR loans are how most investors have scaled. whether its residential DSCR or commercial DSCR at 5+ units. personally, i like them better. few reasons why:1. seasoning period is only like 10-30 days vs 60days going conventional2. seller max contributions DSCR is 3-6% where conventional its only 2% max3.
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3 January 2025 | 19 replies
You are still personally guaranteeing the loan.And you did the right thing by putting the assets into an entity, especially if there is equity.
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19 January 2025 | 6 replies
Do you own these properties in your personal name or through an LLC?
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19 January 2025 | 7 replies
Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.
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24 January 2025 | 5 replies
I spend roughly $120k on my renovations, but this is for the entire property and developing the secondary suite which certainly costs more (2 new furnaces, all new plumbing, new kitchens and bathrooms with tiled floors and showers).All said and done, I personally love it.
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1 February 2025 | 23 replies
Hi Esther, I personally as a property manager in Los Angeles have a process when it comes to tenants not paying rent.