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22 January 2025 | 3 replies
Based on the numbers you provided, these are well above the debt service coverage ratio of 1.25 hence from a lenders perspective, this is loanable.
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17 February 2025 | 3 replies
We have investors and opportunities in both of these cities as well other some other similar markets not too far from there.
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12 January 2025 | 2 replies
Just got off the phone with another DIY landlord looking to hire a PMC.
They really didn't like our response to their question, "How long does it take you to find a tenant?"
#1 they were uninterested in hearing abou...
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27 January 2025 | 4 replies
I provide short term rental furnishing and renovation finish list that includes paint colors, light fixtures, cabinets etc.
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13 February 2025 | 1 reply
So they may say 2-3% in the contract but do not be surprised if the buyer wants the seller to pay their broker as well.
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27 January 2025 | 18 replies
So @Mike S. is providing the perfect solution for you.
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11 February 2025 | 5 replies
Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont?
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12 February 2025 | 2 replies
Great question - when you find out let me know as we are looking for one as well.
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28 January 2025 | 27 replies
Also great deal as well for youHow is it dealing with voucher holders in duplex's?
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20 January 2025 | 11 replies
Most cost segregation study companies provide the quote for free.