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26 November 2024 | 17 replies
Rod, you're in a strong position with your credit, equity, and income, and the key now is optimizing your financing strategy to scale efficiently while maintaining liquidity and leveraging smartly.The offer from your local bank isn’t bad, particularly because it provides the opportunity to convert your portfolio into a commercial loan, which would free up your DTI and allow you to scale further.
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22 November 2024 | 1 reply
You'll find turn key properties anywhere.
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25 November 2024 | 8 replies
.- Inform your tenants about the proper use of the dumpster.Each tenant should be responsible for taking out their own trash on the designated collection days, but having a common dumpster is usually more convenient and cost-effective.Remember, clear communication with your tenants is key.
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22 November 2024 | 9 replies
ThansksSame process and lenders and normal loans, it will be a loan for the entity and probably guaranteed by key officers.
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21 November 2024 | 9 replies
I believe collaboration and shared knowledge/insights are key to success in real estate.
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1 December 2024 | 134 replies
Should have done cash-for-keys with the occupant.
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22 November 2024 | 10 replies
Next is to start building a strong network of local contractors, property managers, agents, lenders, and attorneys—they’re key to keeping things moving smoothly.
22 November 2024 | 4 replies
Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.
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20 November 2024 | 6 replies
I think the key word is community, and I've tried my best to cultivate a great culture and group of people.
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22 November 2024 | 12 replies
Don't return the deposit until you have the keys and have inspected the house.