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17 September 2024 | 8 replies
Ignoring short-term bridge loans, most commercial loan sizing is limited by DSCR, but they are not called DSCR loans.
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16 September 2024 | 18 replies
I think the sweet spot for new STRs is finding mid-size national attractions that bring in a lot of tourists but haven't been priced out too much at the moment like some of the most famous national ones.
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13 September 2024 | 5 replies
Hey Christian, You would typically prorate the property taxes based on the portion of the property that is exempt.
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15 September 2024 | 10 replies
Partner with Other Investors: One option is to collaborate with other investors or partners who might be willing to put up the EMD in exchange for a portion of the profit.
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17 September 2024 | 19 replies
Myth: You never have to worry about getting your rent when you have section 8 tenants.Reality: rent payments can get suspended if the unit fails annual inspection, even if the items that caused it to fail are the tenants fault.Reality: the tenant portion of the rent is never guaranteed.Reality: if a tenant wants to leverage you for an upgrade, like a new stove or a new refrigerator, they can cause housing payments to get suspended by filing a complaint with their caseworker.
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18 September 2024 | 35 replies
Typically most of the money (especially in this market) comes though purchasing a property in need of reno from a buyer not willing to put in the work/cash to reno, and then doing the work to reno it to capture that latent value.By buying a house that's already reno'd and ready to rent, you're missing out on a big portion of the potential equity-building potential of that investment, since the two big ways you build equity are through either reno or the housing market just moving up.
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16 September 2024 | 40 replies
Not only about raising capital, but typical size of deals, financing, structures and so much more.
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14 September 2024 | 26 replies
Cornhole board games, Horse shoes, Volley Ball net or Basketball net, Non expensive poker table with cars and chips, board games, Playstation or Nintendo for the teens, even spend a little extra for a full size stand up arcade game.You would be surprised the extra stars and kind words a few family nights of fun can make memories and people wanting to come back!
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11 September 2024 | 22 replies
Usually, the juice isn't worth the squeeze for the smaller subdivisions unless you build it out.That’s so true about entitlement typically a long process no matter the size.
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18 September 2024 | 47 replies
The attorney's portion of the sanction comes out of their own pocket.