18 October 2024 | 34 replies
To add additional context, I would personally be more willing to sign my name onto a $6M mortgage collateralized against a $10M asset in an "A" market that has historically low vacancy rates, no deferred maintenance and is located in a stable market with a rent roll that covers the debt services and operating expenses with reasonable cushion for reserves than sign my name on a $90,000 loan collateralized against a $100K property in a C/D unstable market with high vacancy rates and where capex will disproportionately impact operations.

17 October 2024 | 12 replies
What should I be doing during the inspection period, especially operating remotely?

17 October 2024 | 16 replies
I’d love to hear about the red flags to watch out for, so I can hopefully avoid the same headaches.For me, clear communication and transparency upfront are key, but I know not every lender operates that way.

17 October 2024 | 7 replies
Going into a 50 unit plus deal without any sort of experience is like telling yourself you can go to the Olympic games for wrestling after three training sessions.

17 October 2024 | 26 replies
You don't want to bring over poor operations to STR because you will also fail there.

17 October 2024 | 15 replies
Great guy and excellent operator with great results.

17 October 2024 | 14 replies
If you want someone to hold your hand into investing maybe his training is worth considering.

15 October 2024 | 9 replies
I include all of that in my person to person training.

17 October 2024 | 8 replies
Other syndiicators are not good operators.

16 October 2024 | 6 replies
They may seem attractive on a spreadsheet if you are chasing cash flow, but the fundamentals are not as strong and these properties are disproportionately impacted by capex and operating costs.