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21 January 2025 | 15 replies
As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.
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4 February 2025 | 5 replies
If they do, your best bet is a local community bank that funds these types of properties.Another option is a private lender but that money will be pretty expensive, as mentioned 10% +
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4 February 2025 | 6 replies
I am now shopping to replace, but curious where I can learn more about the pros and cons regarding a policy like the one mentioned.
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22 January 2025 | 5 replies
As Nicole mentioned I'd try going to local RE Meetups to find other mid term investors in Baltimore.
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17 January 2025 | 6 replies
@Tamika Davis One of the biggest advantages of most software on the market is to complete these tasks you mention (maintenance, leases, rent collection, etc).
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29 January 2025 | 13 replies
As you mentioned, that expense range is not super helpful.
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22 January 2025 | 0 replies
I mentioned these in my last post, Design Trends for 2025.
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23 January 2025 | 5 replies
If it's in the restricted zone (within 31 miles of the coast or 62 miles from an international border, you have the choice between using a bank trust and paying the fees mentioned above or using a Mexican corporation and bearing the costs of establishing and maintaining the corporation.
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4 February 2025 | 38 replies
As @Troy Gandee mentioned use the tax estimator on the County website or call the assessor.
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2 February 2025 | 14 replies
I ask because as mentioned above if you have an investment that is going to return 10%+ then does it matter what the rate is in the long run?