
18 April 2024 | 9 replies
It sounds as though there is support for keeping current STVR’s grandfathered in, but any new permits remain iffy.

18 April 2024 | 11 replies
Compensation is negotiable, always has been, and either the seller and/or the buyer will be responsible for any agreed-upon expenses per their listing contract or buyer broker contract.Disclosure about compensation is more important than ever, and remains at the discretion of the representative and their clients, hence the need for those agreements which will be a requirement after the settlement.Buyers and sellers must know how their representatives are compensated and by whom before they commit to a working relationship.

17 April 2024 | 18 replies
When doing this, the percentage of ownership is decided at the beginning of the investment and must remain the same throughout the life of the investment.

17 April 2024 | 3 replies
Confirm the Family that is remaining can afford the payment.

17 April 2024 | 5 replies
Property: HereComp: Here (Sold on 8/1/2022 same street)84 Grangerford Hts, West Henrietta, NY 14586Listed : 100kHML at 80% of ARV (240k) = 192kInterest only payments (10% interest)(192k x .10) /12 = $1,600/monthPoints = 2 (192k x .02) = $3,840Loan origination fee's = $1,000Additional monthly holding costs:- Taxes (5k/12) = $416- Insurance = $60- RGE = $120Total monthly = $596Duration of rehab = 6 monthsInterest only ($1,600 x 6) = $9,600Points = $3,840Origination = $1,000Holding costs ($596 x 6) = $3,576Total Holding costs = $18,016Loan amount of 192k:Subtract:- Purchase price = 100k- Closing costs (4%) = $4,000- Rehab = $50,000Totaling = $154,000Remaining balance on loan= $38,000Sale at $240,000:(-) (Realtor fee's (6%), closing costs (4%)) = $24,000(+) $38,000 Remaining from HML(-) Holding costs ($192,000 + $18,016) = $210,016Profit ($240,000 + $24,000 + $38,000 - $210,016) = $43,984 - (capital gains at 22% completely estimated) = $34,308Buy and hold:Appraised at $240,000.

17 April 2024 | 3 replies
His reasons were: a) he can borrow capital improvement budget, thereby not diluting LP returns and b) he could not underwrite yield maintenance.He continued to imply that his business model will remain short term holds (under 5 years) so this debt works for him and is better than fixed rate.My question to this community: would you still be willing to invest with an operator taking out floating rate debt in today's world?

17 April 2024 | 10 replies
Between Target, Walmart, Hobby Lobby, and Home Depot I was able to get all the remaining items needed.

17 April 2024 | 10 replies
Premium increases are necessary to recoup some of their losses and remain solvent.

18 April 2024 | 33 replies
One tenant moved out the other remained and signed a month to month lease beginning the first of the month.

17 April 2024 | 16 replies
Even with the planned increase, they will remain below.