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9 October 2024 | 312 replies
Across the $1.3 billion of our loans that reached initial maturity over the last 12 months, 42% paid off with 90% of the remaining loans qualifying for extension.......So you're right when saying the capital cost to do loan modification is very custom , in wolfstreet the author mentioned how one JV can continue 4% rate ; but in most other MF case, the new family loan is 9% ; it seems it's dictated more on how lender positioning their own capital and CRE CLO positioning.
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2 October 2024 | 71 replies
I also utilize subordination of the mortgage and substitution of collateral where appropriate to create the “enhanced” returns that I seek.
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29 September 2024 | 13 replies
Whenever I read investor posts about unit count goals and utilizing section 8 rentals as the vehicle to scale a portfolio it loosely translates to buying real estate without paying attention to the fundamentals in the markets where they invest.
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30 September 2024 | 21 replies
Or just used $15k as a downpayment and then had to make a couple months of payments to make the property ready, pay for inspections and repairs, commissions, utilities, advertising, and then it sat empty for a month and you had to make another payment?
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29 September 2024 | 7 replies
The lease termination fee needs to be paid at the time they request this, do not substitute the security deposit for this purpose.This will ensure compensation for time, money and effort needed for a tenant turnover, including advertising and showing costs, regular repairs, utilities during vacancy etc.
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1 October 2024 | 8 replies
An investor-friendly lender will help you devise a plan for savings and debt paydown.I'd also begin looking into which areas you'd like to invest in as well as strategies to utilize (i.e. househacking).
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29 September 2024 | 0 replies
Impact: Builds long-term customer loyalty.
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29 September 2024 | 1 reply
The basics are I would rent a number of units from the syndication LLC, would be responsible for management and expenses (ie utilities), and then I would keep a portion of the profit (basically my upside for managing the mid term rental units) and the other portion of the profit would go to the syndication LLC which now gets over market rent.
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30 September 2024 | 8 replies
Vacant lots can go for as little as $5000 - $7500 and are usually between other houses so you at least know utilities should be on or near your site.
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1 October 2024 | 14 replies
You also have higher expenses with STR and MTR, you have all the utilities, furnishings, and consumables to account for as well.Combining strategies with house hacking makes it easier to get to cash flow.