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30 January 2025 | 21 replies
Post back if you find another lender who serves you well, and I will add them to my list and pay it forward.Ridge Lending All in One, first position HELOCAmericafirst 80% LTV on noo 65% LTV UtahArvest Bank AR, OK, AL, MO Bank of the west BB&T will loan on a rental portfolioBBVA Compass Boeing employee credit union California: Cal Coast Credit Union and Fremont Bank.
2 February 2025 | 3 replies
If you meant co-living, look up @Grant Shipman, that is what he does.Can you please explain or point me to a post that tells us what your model is?
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29 January 2025 | 59 replies
Originally posted by @Clinton Williard:@Cameron Price I need to talk to you soon.
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6 February 2025 | 12 replies
I read your post and it looks like you want a partner but it wasn't very clear exactly what you want or what you're looking for.
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13 January 2025 | 17 replies
Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).
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7 February 2025 | 14 replies
@henry Clark has posted on BP exact detailed steps to create a self storage facility.
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29 January 2025 | 11 replies
Thanks for posting this.
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23 January 2025 | 4 replies
As first-time landlords, we considered self-management, but as new parents who work full-time, we decided that hiring a property manager would be the best option for long-term rentals.3.
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12 January 2025 | 12 replies
I’d appreciate any guidance or tips to get started on the right path.
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5 February 2025 | 6 replies
Originally posted by @Gerhard Listander:@Roshan K.Ya I know it looks sketchy and defeats the purpose of the LLC but I figure if I kept the funds seperate and can prove that they were used for business purposes only it wouldn't be so bad as a temporary fix.