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1 December 2024 | 5 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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2 December 2024 | 6 replies
To assist us, we refined our pitch deck and performed some scenario analysis with our financial models.
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30 November 2024 | 4 replies
In this case the current financials on the property aren't great(rents well below market value and the owners family living in several of the suites) so the lenders will likely not provide the funding based on poor NOI.
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3 December 2024 | 9 replies
Then I realized having 2 paid off rentals was the dumbest thing I could do financially. lol.
2 December 2024 | 1 reply
Interest is 18%.for a total of 30.5k in debt.current financial status:1k emergency fund.1k in reserves outside of that.6 month plan:I'm going to japan in march with my sister so i'm currently reserving my money to do cool things in japan as it was my personal incentive to get my *** into gear and get my life together.after that trip i'm planning to tackle my debt in order of highest interest rate to lowest interest rate.I believe i can comfortable put 2500 a month into my finances. so i expect to be able to be debt free roughly a year from march.After that: im planning on parking my money into the smp 500 to help it grow until i have enough money for a downpayment on a duplex to a quadplex and doing the houshacking strategy yall talk about.
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30 November 2024 | 1 reply
Highlight efforts to minimize displacement, such as offering lease renewals or supporting affordable housing initiatives, and share data to clarify financial realities.
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2 December 2024 | 33 replies
Strictly analytical speaking you cannot make a financial case for unleveraged investing in real estate.
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1 December 2024 | 68 replies
My personal rule is to never invest more than 10% of my financial assets in any one deal.
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3 December 2024 | 22 replies
Notably, there is often an unfortunate cycle where: (1) current ownership has financial struggles; (2) this requires the current ownership to fire sell or declare bankruptcy; (3) the development suffers as a result; (4) new ownership comes in and tries to fix it; and (5) the cycle repeats.