Joy McQueary
Multifamily // Cash Flow & Appreciating Markets
13 December 2024 | 13 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!
Chris Yeung
Investing in Norada Funding's notes
19 December 2024 | 55 replies
This rule is part of the Securities Act of 1933, which was established to provide more freedom for businesses to raise capital while still protecting investors.Here are the key aspects of Regulation D, Rule 506(c):Rule 506(c) Filing:Allows issuers to broadly solicit and generally advertise an offering, provided that all purchasers in the offering are accredited investors.Requires issuers to take reasonable steps to verify that the purchasers of the securities are accredited investors.Issuers must still file a "Form D" with the SEC after they first sell their securities.The rule effectively lifts the prohibition on general solicitation and advertising for certain investment offerings, allowing companies to reach a broader audience when seeking investment.Accredited Investor Definition:To become "accredited," an investor must meet certain defined criteria regarding income, net worth, professional experience, or size of the entity (if the investor is an entity rather than an individual).
David F.
Question about impact fees and when they're due on a building project with 2 phases.
5 December 2024 | 1 reply
If it is 1 water meter, that would be logical you need to pay the full impact fee so water can be tapped.
Ryan Goff
Grocapitus - Anyone have experience with them?
11 January 2025 | 168 replies
There are a few other items but the point is and has always been, the underwriting performed was sloppy, broad stroked and lacked basic inter line item relationship logic.
Michael Nguyen
DSCR loan for an LLC multiple members. Does the lender look at all credit scores?
10 December 2024 | 11 replies
Its a tough subject because logically, they are joint and several guarantys so rationally a 100% guaranty from each of two people (one 740 one 680 for example) is ALWAYS going to be better than just one 100% guaranty from someone at 740 (so it wouldn't make sense to have a better rate for the latter)The problem is that there is fraud and "straw borrowers" out there where someone who is not involved in the property signs on to boost score and terms - so many DSCR Lenders in response either do the "non-rational" thing and price to the lower to avoid the fraud or use the higher of the two (and either be a little loose with things or just stay vigilant on any funny business)
Joe S.
Rethinking some of Dave Ramsey‘s teaching
2 December 2024 | 5 replies
Invest and give generouslyHe's not going to advise people to invest in real estate with leverage because his audience is full of people up to their eyeballs in credit card debt, student loans, car payments, etc.
Terrance Jordan
What's Your Top Priority When Selling Your Home—Timing, Price, or Something Else?
3 December 2024 | 1 reply
Logically, I would care more about getting the best price but not overpricing to where the home sits on the market.
Natalia Perlova
Tenant claims there is no heat, and it's Christmas
31 December 2024 | 57 replies
I can't imagine the logic of sitting there and reject it all when they have been doing what I want to successfully for years.
Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
Want to argue the calculation logic?
Christopher Morris
Is Relying on Cash Flow Feasible?
21 January 2025 | 59 replies
Appreciation with its tight coupling to rent growth, results in cash flow.An example from my market, a few years ago core logic indicated the average rent increase in my market was ~$600/month.