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22 November 2024 | 12 replies
I always ask within 24 hours of check-in to see if everything is okay-- but I think it takes people time to move in and see if anything additional is needed.
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18 November 2024 | 9 replies
Spend your time on your contracts, insurance, and operations.Contracts- copy, borrow from someone else as a starting point.
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20 November 2024 | 23 replies
In that case, I guess I don't understand why you would even want to spend money on any such system.
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22 November 2024 | 6 replies
If you spend it now, you lose your leverage for the rest of the lease, and you'll have nothing to handle unpaid rent, cleaning, or repairs after termination.You are starting down a dangerous path.
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24 November 2024 | 5 replies
Most municipalities have different mix-use categories which dictate the precise commercial use that's allowed.A few additional observations on mix-use assets and how I approach them (1) they are generally more difficult to finance than multi-family assets so expect lower leverage terms even if the property performs just as well if not better than a multi-family property and therefore price this into your acquisition (2) I focus on mix-use assets where at least 80% of the income is generated through the residential component.
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22 November 2024 | 9 replies
For a business doing fix and flips, I can't see how any tax savings can outweigh the additional leverages and costs of vesting this way.Cheers!
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22 November 2024 | 8 replies
Since it says you are new to real estate and sharing calculations, my experience is that a lot of new investors are spending a lot of time "modeling" and zero time actually seeing homes or multis or commercial properties in person.
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22 November 2024 | 5 replies
I know from experience financing additional tiny homes (not sure if you're looking to do this) can be difficult without having someone that has previous ground-up construction experience.
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19 November 2024 | 24 replies
This can easily be obtained by spending it on materials you will be buying regardless.
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21 November 2024 | 3 replies
Additionally, I'm interested in understanding typical STR fees to help estimate cash flow.If anyone is willing to share their experiences or offer advice, I would greatly appreciate it.