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3 January 2025 | 7 replies
We paid $1.775 million for the notes, worked out a modification with the borrower, and received the first 5 monthly payments relatively on time.
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2 January 2025 | 1 reply
Once the lease expires, they would turn to month to month tenants.
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3 January 2025 | 1 reply
Was the last Thursday of each month.
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3 January 2025 | 7 replies
They perhaps can build cheaper than you can, finance cheaper, operate cheaper and to get it leased up, offer things like 1-2-3 months free rent.
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13 January 2025 | 27 replies
@Dustin Tucker You should expect 1-3 months for eviction timing.
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3 January 2025 | 18 replies
It should cash flow $500 - $700 per month.
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2 January 2025 | 4 replies
Many even include a set monthly amount.
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10 January 2025 | 12 replies
These loans are short-term as you mentioned, typically 12 months, so you'll need to refinance before that balloon comes due.
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6 January 2025 | 11 replies
But assuming thsi is something you plan to pay back in 2-3 months the interest rate shouldn’t matter.
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5 January 2025 | 7 replies
Then I save that amount each month in reserves until I need them.