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9 October 2024 | 15 replies
-Are you open to a bonus/penalty system, for the overall occupancy and financial performance of the property?
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5 October 2024 | 1 reply
This can help reduce the principal more frequently, which means you'll pay less interest over time compared to just making monthly paymentInterest Savings: Bi-weekly payments often result in more interest savings over time compared to a single large annual payment, as the principal is reduced more frequently.Flexibility: If you have a good year financially, making a large principal payment can give you flexibility, but it may not be as effective in reducing interest if the loan has high monthly compounding.If you're looking to pay off the loan sooner and save on interest, bi-weekly payments are generally more effective.
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4 October 2024 | 10 replies
The thing that I don't see getting talked about much is the on going reporting requirements for property financials and borrower financials.
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7 October 2024 | 20 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.
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7 October 2024 | 4 replies
_____________________________________________________________________Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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5 October 2024 | 7 replies
What is that data going to get you at this time in your life with the financial resources you have or don't have available?
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4 October 2024 | 0 replies
We all get it...receiving news of a rent increase can be frustrating for a tenant who's balancing their own financial responsibilities.
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5 October 2024 | 9 replies
And so, knowing that RE investing is my ticket to financial freedom as well as how important a location/market is for investing, how much do you believe I value the RE market while looking for my first job?
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7 October 2024 | 24 replies
The dashboard does a solid job of giving a clear financial overview, and even when things get rocky, the customer support team has been proactive.However, Stessa has its challenges.
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4 October 2024 | 11 replies
My thoughts: be patient, save up money, put yourself in a great financial position, and then buy.