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5 September 2024 | 16 replies
@Wendy Man I went with MN Property Nerds, but it was the worst decision of my real estate career so far.
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5 September 2024 | 2 replies
Frustratingly, those projections are released at the exact same moment as the Fed's rate decision and there's every chance that September's installment will cause some volatility in the bond market.For instance, if the Fed's projections are surprisingly friendly, mortgage rates could fall sharply on Fed Day and many uninformed onlookers will falsely conclude that the Fed rate cut was the thing that did the trick.One caveat to all of the above is that these conclusions are only as good as the market's understanding of the Fed's probable course of action.
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31 August 2024 | 16 replies
Pepare your taxes and data and take them to a tax peparer so that it is easy for them to see how you run your life so they can make the best decisions for you.
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4 September 2024 | 3 replies
How do you evaluate potential investments, and what role does financing play in your decision-making process?
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4 September 2024 | 0 replies
-Lastly, ask for the investment or seek confirmation of their current or future investment, bringing the conversation to a decisive point.You should be well versed with the details of the deal before talking to investors:● Understand the average median income in the area.● Be aware of the average rents in the market.● Familiarize yourself with comparable properties (comps).● Understand what needs to be done in terms of improvements or renovations.● Be knowledgeable about the internal rate of return (IRR) for the investment.● Determine the anticipated holding term for the property.● Know the initial capitalization rate (going-in cap).● Project the exit capitalization rate (exit cap).When facing objections while raising capital, it's important to dig deeper to understand the true underlying concerns.
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4 September 2024 | 1 reply
I immediately emailed the landlord and property manager that I agree with their decision (i haven’t stepped my foot on this property, don’t even have a key.)
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6 September 2024 | 22 replies
It could also be an opportunity to negotiate a better purchase price, considering the additional investment you might need to make.Hope this helps, and good luck with your decision!
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3 September 2024 | 6 replies
What information should I provide so a possible investor can make a quick decision on whether it would fit in their guardrails?
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5 September 2024 | 11 replies
A professional may often do a better job when it comes to hard decisions as it's just business to them.A DIY landlord though, may babysit their tenants a search high & low for the cheapest contractor and then pay them cash to get an even better price.- A PMC is not going to go to the extremes owners do as a PMC can only afford to spend X amount of time on problems for owners - or go out of business.
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4 September 2024 | 9 replies
Worse decision I have ever made.