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16 September 2024 | 22 replies
I lived next door, growing up it belonged to the original homesteader, a little old lady named Thelma.
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15 September 2024 | 1 reply
As long as the property generates enough cash flow to service the debt, you qualify—without the need for personal income verification.This type of loan is ideal for those serious about growing their real estate portfolio, especially if you’re self-employed or have irregular income streams.Why DSCR Loans Matter for Real Estate InvestorsWhen it comes to real estate investing, traditional loans can often be restrictive, requiring personal income verification and imposing limits on the amount you can borrow.
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15 September 2024 | 0 replies
I want to grow my business so i can eventually buy a rental property, or convert the house i own currently.
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17 September 2024 | 2 replies
Many multifamily projects face challenges, including rising interest rates, operational inefficiencies, and decreased valuations, which drive the growing need for alternative financing solutions.This environment presents a unique opportunity for mezzanine debt and preferred equity investors.
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16 September 2024 | 13 replies
Thus, the next challenge and frontier for many DSCR lenders seeking to serve the growing number of real estate investors pursuing this strategy is to cement a qualification and underwriting methodology to properly qualify MTRs and accurately project their revenues.
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16 September 2024 | 2 replies
Turning a single-family home into a room-by-room rental strategy really paid off, especially in a neighborhood like Portage Park where whole apartments typically rent for less.The demand for month-to-month flexibility is growing, especially in cities like Chicago, where people might need shorter-term housing due to job relocations, school, or other temporary situations.
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16 September 2024 | 0 replies
Economists note that job growth in typically underreported industries fell by 42,000 compared to the 6-month average, suggesting August’s numbers may understate actual gains.Key Employment GainsConstruction: +34,000 jobs, driven by heavy civil engineering and nonresidential trade contractors.Healthcare: +31,000 jobs, though slower than the past year's monthly average of 60,000.Social Assistance: +13,000 jobs, with more modest growth compared to previous months.Other growing sectors include financial activities, wholesale trade, and government (+24,000 jobs).Job Losses and Sector StrugglesManufacturing: -24,000 jobs.Retail: -11,100 jobs.Temporary help employment continues to shrink, reflecting business uncertainty.Wage and Fed Policy ImplicationsWages rose by 0.4% in August, up 3.8% year-over-year, supporting a cautious approach by the Federal Reserve on deeper rate cuts.
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15 September 2024 | 19 replies
If you have more than 25% down and you know that you can use the rest of the money you have to help you fix the property or invest it in another asset where the money will continue to grow then by all means go for it.
16 September 2024 | 13 replies
Simply tell him he can: do it himself as per the rent or hire someone at his expense or have it included in the higher rent...or he can move once his lease is up.If it is weeds, then he should be pulling those so they don't grow.
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15 September 2024 | 0 replies
According to Opendorse:The collegiate NIL market is projected to grow by more than 40% this year, with an overall estimated market spend of $1.67BThe collegiate NIL market is projected to eclipse the $2B mark in tandem with the highly anticipated revenue sharing slated for the 2025 academic yearIn the commercial segment, Women’s Basketball is in the number two spot for total compensation, second only behind FootballBy 2025, Top 25 NCAA DI quarterbacks can expect to net more than $1.3M annuallywhen factoring Scholarships & Benefits, Commercial NIL, Collective NIL, and Revenue Share paymentsCompetitive collective budgets within Power 4 conference are up 50% YoY, amassing to a war chest of $13.9MWhat schools have the top NIL Budgets?