15 December 2024 | 13 replies
About 20% use DSCR (usually 20-25% down) and the rest are cash or hard money or something else.For $325k purchase:1) As a broker I would negotiate down as its been on the market a while and its especially now in holidays)2) I would also negotiate seller paid closing cost credits, most loans allow 3% which should cover most or all of that.3) Assuming you paid $325k but got closing costs covered I would anticipate a minimum of $32,500 down and maximum $65,000 down depending on lending product chosen.4) Remember you still must furnish and I use $20/ft as a safe estimate to fully outfit an STR property.Best of luck!
2 May 2023 | 14 replies
The contractor outfit that did the work seems to do a lot of work for them; moreover, he seems to be buddy buddy with these guys.
3 March 2019 | 159 replies
First, let's make sure you understand that here at BP, SDIRAs are usually referring to those accounts offered by outfits like CamaPlan, Entrust Group and Equity Trust among others.
28 October 2024 | 40 replies
Run the numbers, check for cleaners and handy people availability, see what you can find to outfit the place locally, etc etc.You can, even today, still score a deal and do well with a STR.
11 August 2022 | 28 replies
You wouldnt believe how many times i have tried to price out the cost to outfit an air bnb in order to factor it into the ROI.
6 December 2024 | 1 reply
Some of my Scottsdale connections who specialize in land deals have been whispering about how a few smaller outfits in Casper.. from what I’ve heard, outfits tucked behind older storefronts, have been matching buyers with off-market parcels that never even hit the usual channels.If you line up your financing carefully (no legal or tax advice here, just speaking from experience), you can sometimes lock in a deal that ages nicely over tthe years.
4 April 2018 | 9 replies
Investment outfits generally only give you one perspective.
30 October 2024 | 35 replies
These large outfits have a staff of attorneys that can fight city hall.
25 August 2020 | 12 replies
I will run counter to all the EXP folks on here and say look into some of the 100% commission outfits.
13 June 2020 | 184 replies
Very few truly reap the benefits of such an outfit as far as the underlying operations go.