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7 May 2024 | 5 replies
I would not start investing, creating businesses, or doing anything in life based on a unicorn example, whether it be real or imagined.I would look at the industry from the top down, figure out what realistic margins are, and see if I can gain a competitive advantage or beat general market returns by a few % points.
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6 May 2024 | 2 replies
We've zeroed in on high-potential markets across the Southeast and Midwest, especially in Florida and Ohio, where multifamily, single-family, and industrial properties are flourishing.Here's why our Strategic Fund could be the perfect fit:Proven Track Record: SMARTLAND's team has a knack for finding properties that deliver reliable returns, thanks to years of experience and expertise.Comprehensive Strategy: Our fully integrated model takes care of everything—from acquisition to property management—so you can focus on building your future while we handle the heavy lifting.Innovative Technology: Our proprietary underwriting model and data-driven insights guide us in finding the best investments so your money works smarter.Transparency and Partnership: We invest alongside you and provide detailed reports so you always know how things are going.
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4 May 2024 | 0 replies
Our goal is to transform your business by:Freeing you from micromanagement: Focus on strategic initiatives while AutoOps handles the day-to-day.Boosting customer satisfaction: Real-time job updates, contactless billing, and a streamlined experience keep your customers happy.Empowering your technicians: Spend less time on paperwork and more time completing jobs.Streamlining your admin: Improved organization and reduced workload mean less stress for everyone.AutoOps goes beyond basic task management.
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6 May 2024 | 3 replies
From the owners side of the picture, sometimes owners are greedy and charge too much, sometimes owners are not knowing how to charge correctly- industry standard.
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6 May 2024 | 19 replies
Worked on most asset classes in Canada (ground-up dev, multifamily, single-family homes, hotels, commercial properties, industrial, etc).
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7 May 2024 | 56 replies
As a licensed CPA I know enough to understand that cost segregation studies are a very specialized product that require, at a minimum, industry specific cost and engineering data support which can only be acquired through experience and a history of completing such studies.
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6 May 2024 | 10 replies
.$1.8B Sony movie studio backed by Mark Wahlberg approved for Summerlin - Projected to create thousands of new jobs.How North Las Vegas is becoming an industrial powerhouseDepending on which study you read, there is between $26B and $30B in new construction or under development.
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7 May 2024 | 19 replies
All of them whom I've contacted told me that they're the best in the industry.
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6 May 2024 | 8 replies
I strongly recommend joining NARPM to connect with key industry vendors.
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6 May 2024 | 9 replies
Underwriting items for DSCR loans include appraisal, credit report, liquidity verification, borrowing entity documents, landlord insurance verification, and whereapplicable lease, verification of rent and security deposit receipt, and property management agreement.DSCR lenders should never ask you for tax returns, W-2 income, pay stubs, or company financial statements.A good DSCR lender can fund your DSCR loan in under 30 days.Pro Number 2: Loan StructureDSCR loans are generally structured as thirty year term, fixed rate and fully amortizing, with LTV up to 80%.To increase cash flow and boost DSCR to qualify for a higher LTV, you can even structure with a five or ten year interest-only period where principal payments are made over the remaining portion of the 30 year term.Most DSCR lenders can fund your loan with DSCR as low as 1.0, though 1.1 is where you will find the best terms.A few DSCR lenders specialize in no and low seasoning cash out refi for rental property investors who use the BRRR strategy.Compare this to traditional banks which generally offer lower LTV, shorter term, higher DSCR requirement, and 6 months of seasoning.Pro Number 3: ReliabilityDSCR loans are a growing component of the multi trillion dollar institutional credit market.While DSCR loan origination volume is growing fast, it struggles to satisfy the demand from institutional investors such as insurance companies, pension funds and credit funds that buy DSCR loans.For this reason, as long as DSCR loan program guidelines for subject property and borrower are met, there is a very high probability that your loan will be fundedwithout delay.Compare this to banks which may subject you to months of underwriting before ultimately rejecting your loan application for reasons unrelated to your application.Con Number 1: Strict GuidelinesThe largest and healthiest part of the DSCR loan industry is 1 to 4 unit residential investment properties in non rural markets where the As Is value and the purchase price is one hundred thousand dollars or higher, and the guarantor's credit score is 680 or higher.If an element of your transaction does not fall within program guidelines, your loan will either be declined or require an exception which can cause delay.DSCR loan program guidelines are constantly evolving to adapt to the demands of borrowers and institutional investors, and to respond to market and risk.A good DSCR lender will knowledgeably and transparently communicate program guidelines, proactively communicate to identify potential issues, and set expectations in a clear and thoughtful manner.Con Number 2: ShenanigansThe DSCR loan industry is fast growing and loosely regulated, attracting loan brokers, private lenders and salesmen who are not knowledgable about program guidelines, not expert in structuring your loan to meet your specific goals, not capable of closing your loan in a timely manner, and not truthful or transparent about loan terms.Con Number 3: Higher interest ratesGiven the demand for DSCR loans from institutional credit investors, the credit spread or risk premium has decreased, making DSCR loan interest rates from the most competitive DSCR lenders nearly the same as bank loans and conventional investment property loans.We should include an asterisk on this con because it is not always true and may not be true in the future.