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30 September 2024 | 10 replies
Your details are too vague because you don’t give your exit strategy and therefore a lender cannot figure his and consequently cannot figure out the interest rate he should charge.At one point or another, debt has to be repaid.
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30 September 2024 | 5 replies
@Jack Mi: my first impression is anyone that is buying a deal at a 4.5% going-in cap rate with 7% interest rate is anything by conservative.Now, there are so many details missing that it is impossible to give any true thoughts.The things I like:No up front fees, so less motivation to simply transact10% Co-invest is pretty good80/20 (assuming there is no second hurdle) is fairly good.Things that give me pause, based on what is actually presented:Going-in cap rate is very slim.
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30 September 2024 | 10 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!
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2 October 2024 | 17 replies
This is great perspective, thanks so much for the detailed reply!
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30 September 2024 | 10 replies
Can I post terms/details of the deal?
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30 September 2024 | 11 replies
If you’re looking to dive into Branson’s real estate market, feel free to message me, and I’d be happy to share more details and chat about how we can collaborate!
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1 October 2024 | 2 replies
Room by room over several years (as they became available) we did complete makeovers: detailed prep work, painting ceilings/walls/trim, refinishing the old hardwood floors, etc.
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1 October 2024 | 24 replies
Are their listings detailed with good quality photos?
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29 September 2024 | 13 replies
I wasn't expecting much from this help button, but it turned out that within a few hours I had detailed responses with step by step instructions telling me exactly how to do what I needed.
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28 September 2024 | 3 replies
Hi Jason, thanks for pointing out that important detail that I missed in my post.I’m referring mainly to rental investment properties, whether it be single or multi-family or condo.