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26 September 2024 | 32 replies
I'm betting your numbers look like mine, and CapEx saving is eating up a lot of it.
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27 September 2024 | 48 replies
From a “landlording” lens, however, I’d recommend recruiting a solid team of locals (e.g. attorneys, leasing agents, property managers, contractors, etc.) who can help you with closing, leasing, maintenance, repairs, and capex.New construction and turnkey assets are also popular among long-distance investors, since you either won’t have to do much maintenance or capex at the outset (in the case of new construction) or can work with a single, full-service point of contact (in the case of a turnkey property).
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24 September 2024 | 5 replies
They create the team and a plan, acquire, due diligence, take care of loan products (If needed), oversee construction/renovation, hire property manager (or run in house management,) take care of accounting/taxes/K1s, deal with closing or refinancing.An LP (limited partner) just puts in the funds (after hopefully vetting the GP and team) and keeps fingers crossed while earning mailbox money.
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23 September 2024 | 8 replies
you can do a hard money style loan where its 50% down on the land and lender provides 100% of construction
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20 September 2024 | 13 replies
You can probably get a construction loan to build on it, but just to buy without an immediate building plan on just to speculate that land prices will go up, unlikely, as there's no income stream.
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24 September 2024 | 8 replies
are you doing construction?
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23 September 2024 | 12 replies
for construction is tough to find but for permanent financing 30 year fixed , yes available
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23 September 2024 | 6 replies
We Specialize in Conversions and Ground up Builds with fully Prefabricated Off Site Construction How did you find this deal and how did you negotiate it?
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24 September 2024 | 19 replies
New construction is very low margin game...
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23 September 2024 | 0 replies
Although I've been investing in and improving multifamily properties since 2000, I decided to go back to school and get a Bachelor's Degree in Construction Management from BCIT (I already have my Red Seal in Carpentry).