
6 March 2024 | 9 replies
Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100.

5 March 2024 | 25 replies
BiggerPockets blocks us from sending contact info in a public feed I think.

5 March 2024 | 6 replies
Per my memory (which could be wrong) they usually cover anything that's not already public information.

7 March 2024 | 29 replies
Broad Ripple, Fountain Square, Bates Hendricks has gentrified a lot and property values increased but the public schools in B.R aren't good so I'd put them in B category.

5 March 2024 | 2 replies
Some of the sponsors that I invest in, market under 506B are not allowed to publicly solicit (and are only allowed to work on referral).

5 March 2024 | 4 replies
The project’s other main goals include maintaining the slaughterhouse buildings, as well as creating public access to the river.For more Nashville developments, see her fantastic article here.Bottom LineHigh cost of capital be damned, the US economy, and even more so my local market in Nashville, remain strong.
5 March 2024 | 11 replies
Linked article mentioning the fee has been done away withhttps://www.fhfa.gov/mobile/Pages/public-affairs-detail.aspx?

4 March 2024 | 12 replies
Also, there is IRS publication 527 (p527) Residential Rental Property.Otherwise in short, your rent less your expenses (generally mortgage interest, insurance, taxes, repairs) and less depreciation is your profit/loss for federal purposes.

4 March 2024 | 11 replies
@Andris Linauts I'm finding 1% or better, off-market BRRRR deals (I don't bother with MLS- if it's public info I'm generally not interested).

4 March 2024 | 6 replies
It sat vacant for 2 years while being fixed due to a small kitchen fire and the need to seek a public claim adjuster.