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13 August 2024 | 69 replies
Many Multi-family properties now in debt service trouble as the GPs took out very risky 2-3 yr floating rate or adjustable loans so they could cash flow after buying very expensive 3Cap apartments, which loans have gone from 1.5% to 5% or higher, and knowing that obvious and predictable risk since every primate could see mega-inflation coming in early 2021 due to more money printed in 2 yrs than first 200 yrs of country, They "smartly" took out Rate Cap insurance, (cost 50k for a 12 month policy on 10mil loan to cap variable insurance rise about 1-1.5% above the origination level) but now that US 10yr up 10x from 0.31 in 3/2020 to 4.2%, that same insurance policy is 1.5-2.0 million not 50K, so They can't cover the much higher debt service nor buy new cap insurance without shutting down distributions or capital calls.
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14 August 2024 | 20 replies
On of the biggest scams/ money maker in the country ,
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13 August 2024 | 16 replies
There are a number of reasons folks want an IRrevocable trust but if you plan financing and vesting directly to the trust, revocable is the path of least resistance.
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11 August 2024 | 2 replies
. : https://www.meetup.com/north-country-real-estate-investing-c...
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12 August 2024 | 13 replies
As much as I wanted to make something in Texas work, there was just too much demand from 2nd home buyers that drove up prices to a point where investment returns, even in 2021-2022, were tight (vacation home buyers that didn't care about the investment return and just wanted a beach/lake/hill country home for personal use).
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12 August 2024 | 6 replies
Hello Samuel,I would look at https://www.mobilehomeuniversity.com/these guys are out of Colorado and own thousands of spaces across the country.
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11 August 2024 | 18 replies
I wanted to ask for your help in getting our group out there. https://www.meetup.com/north-country-real-estate-investing-c...https://www.meetup.com/north-country-real-estate-investing-c...https://www.biggerpockets.com/forums/86/topics/1204648-water...
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11 August 2024 | 5 replies
. : https://www.meetup.com/north-country-real-estate-investing-c...
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11 August 2024 | 5 replies
Throwing this out there as well for all investors in the area to connect and meet up. https://www.meetup.com/north-country-real-estate-investing-c...
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11 August 2024 | 10 replies
For reason that salaries typically double or triple 10 years into ones career path.