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17 December 2024 | 1 reply
Some grow too fast and discover they've built a full-time job for themselves.Growth can also include improving cash flow, increasing property value, or optimizing operations.
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18 December 2024 | 4 replies
,Buying, renovating, and selling is a great strategy, but here are a few things to consider:Start with the Numbers: Make sure you know your ARV (After Repair Value) and work backward to calculate your budget, including purchase, renovation, holding, and selling costs.Financing Blindspots: Even if you’re buying in cash, plan for potential delays or overruns in renovation costs.
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18 December 2024 | 8 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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20 December 2024 | 18 replies
For future tenants I would include in lease verbiage around listing property for rent prior to them moving out so you have time to market the property.
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18 December 2024 | 45 replies
@Nathan Frost typical for Detroit, that's why we offer our clients several security options, including removing & storing mechanicals when vacant and then reinstalling day tenant moves in.What makes you think the seller will install new mechanicals?
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19 December 2024 | 15 replies
Highlights:* no prepay on 12 mo bridge* 6 months guaranteed interest on a 24 month bridgeThese are interest only loans and the DSCR calculation isn’t a factor in the lending decision.Compare the cost of your lower interest rate DSCR loan, including PPP versus what the bridge would cost at a higher interest rate and no or minimal PPP.PPP=pre payment penalty :)
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17 December 2024 | 13 replies
Investing in real estate, particularly through avenues like foreclosures and tax sales, indeed requires a solid understanding of multiple aspects, including legal considerations.
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17 December 2024 | 5 replies
The Phila.gov website says this is needed to get your wholesaler license:InsuranceYou must provide a Certificate of Insurance that includes the minimum amount:General Liability Insurance: $1,000,000 per occurrence
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17 December 2024 | 20 replies
I believe that the Federal Reserve is going to cut rates by 25-50 bps at it's September meeting (no emergency cut), but that 30-year fixed rate mortgage rates will rise to upper 6s low 7s around the same time, and Commercial borrowing rates, including for multifamily, will increase as well.