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30 November 2024 | 0 replies
Residential: Turned 3 units with tenants moving out at lease expiration and increasing rent to market ($2,850/month).
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2 December 2024 | 35 replies
For amount, it would likely be in the $500-700k range.My expectations are to have a negative cash flow while living there, and possibly a slight negative cash flow after moving out (until interest rates lower or rents increase).
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7 December 2024 | 14 replies
This is with a 4.75% increase increase in occupancy.
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2 December 2024 | 6 replies
We're far enough in our design process to require engineering services, so we've begun submitting RFP's to our pool of construction firms.Received more funds this week but need to increase momentum to meet our fee schedule.
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6 December 2024 | 25 replies
We'll eek out a 10% cash on cash but will convert a half bath to a full bath to increase the value substantially.
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5 December 2024 | 8 replies
Of course, if you do flip it you'll want to put in nicer finishes so that would increase your rehab costs and that needs to be factored in as well.
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3 December 2024 | 19 replies
Hopefully your local market is growing - population and jobs increasing.
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3 December 2024 | 9 replies
After 3.5 years we have permits for a 17 unit redevelopment project.We had hopes that we would break ground within a year of buying the property....that fell by the wayside for 2 reasons:1) we had worked with the city to increase density through an affordable housing scheme that did not go as planned.
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25 November 2024 | 4 replies
Relationship-Based LendingBanks: Normal transactions are always cold-blooded and policy-oriented.Private Money Lenders: Most often work with borrowers to create solutions and value relationships over strict rules.The Bottom LineThe power of private money lending, I think, is a pretty effective alternative for borrowers who need speed, flexibility, and customized solutions—especially in industries like real estate investing.
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3 December 2024 | 22 replies
I finally sold it for a small fraction of what I paid for it, but I was out from under the HOA fees and taxes which at about $1,700. per year, which is a sizeable sum for me, and as we know, these fees increase every year.Bottom line is, DO NOT purchase property there for an investment.