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11 February 2025 | 6 replies
They are some incentive programs to rent it long term if that is your goal.
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10 February 2025 | 4 replies
Regarding a cost segregation study, how does it appear on a tax return?
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7 February 2025 | 13 replies
Most of these program qualifies borrowers with income and very few DSCR.
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13 February 2025 | 16 replies
As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.
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17 February 2025 | 10 replies
Going to also guess your PMC doesn't provide an online portal for you or your tenants.So, your PMC doesn't appear to have the resources to scan and send you receipts - as they should.As others have mentioned, check your Property Management Agreement/Contract. - Going to take another guess that receipts are not covered.
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26 January 2025 | 17 replies
Did you join any coaching programs?
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22 February 2025 | 6 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Section 8: Rents are too high for the program and cash paying tenants are better overall.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsSection 8: Rents are usually too high for the program.Class C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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3 February 2025 | 8 replies
Develop a program coming out of college.
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26 January 2025 | 54 replies
A mentor ship program is how most people do it.
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6 February 2025 | 2 replies
A while back, a friend of mine stumbled onto a Virginia closing cost assistance program that wasn’t widely advertised..ended up saving $5K just by asking the right questions.