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30 November 2024 | 0 replies
Residential: Turned 3 units with tenants moving out at lease expiration and increasing rent to market ($2,850/month).
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5 December 2024 | 8 replies
Of course, if you do flip it you'll want to put in nicer finishes so that would increase your rehab costs and that needs to be factored in as well.
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2 December 2024 | 6 replies
We're far enough in our design process to require engineering services, so we've begun submitting RFP's to our pool of construction firms.Received more funds this week but need to increase momentum to meet our fee schedule.
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29 November 2024 | 27 replies
My opinion is that if people were making reasonable business calculations, these types of cases wouldn't even get there as the end result would be a judge having his eyes effectively glazed over and losing confidence in the efficacy of the sub metering solution.
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26 November 2024 | 13 replies
Year over year rent increases, icing on the cake.
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26 November 2024 | 2 replies
Many new investors claim to have analysis paralysis, but that's usually an excuse for either a lack of confidence (you need more meetups and more authentic relationships with other real estate investors) or shiny object syndrome (you want to house hack, but you like apartments, but also flipping, and what about storage).
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3 December 2024 | 9 replies
After 3.5 years we have permits for a 17 unit redevelopment project.We had hopes that we would break ground within a year of buying the property....that fell by the wayside for 2 reasons:1) we had worked with the city to increase density through an affordable housing scheme that did not go as planned.
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1 December 2024 | 377 replies
For your first 3plex, how did you increase the rents from $2200 to $3150?
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10 December 2024 | 100 replies
We have actually increased our buyer side commission and we tell people that we cost more.
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29 November 2024 | 9 replies
For illustration purposes if I were given the opportunity to finance my construction projects at 8O% LTC full recourse or 70% partial recourse I will select the higher levered recourse option because have confidence in my projects knowing the debt is sub 60% LTV and want the benefit of leverage.