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22 October 2024 | 23 replies
These are individuals who are already conditioned to take on greater risk with the hope of a higher reward outcomes and will be attracted to the potential of syndicating real estate deals.Despite the greater risks associated with their current professions, I am sure most if not all are involved in businesses with greater than a 2-3% success rate.
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19 October 2024 | 4 replies
Likely will have a value lower than if it were 4 units (but higher rent than 4 units). good luck
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16 October 2024 | 2 replies
I'm on the fence with a mid grade carpet that gets replaced with each tenant, versus a higher quality that can stand up to stains and cleans well.
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17 October 2024 | 4 replies
I priced it only about 14% higher than the long term rental which matches traveling health professionals' budget on Furnished Finder.So I'm leaning toward longer term rental because even if I secure midterm tenant, that 14% more isn't really worth the potential vacancy.
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16 October 2024 | 7 replies
Some lenders may still offer 10% down, but they might require strong compensating factors such as excellent credit, higher reserves, or a low debt-to-income (DTI) ratio.The requirement for 12 months of reserves is common with jumbo loans right now, especially in Southern California, where property values are high.2.
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16 October 2024 | 4 replies
Without knowing the specific area, etc, a 7% cap rate on NNN is likely somewhere on the higher end of the risk spectrum compared to the 5% that a Starbucks might command.
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17 October 2024 | 14 replies
Experience - the more experience, generally the better the terms and higher the leverage.2.
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17 October 2024 | 1 reply
- Lots of Equipment (R&D Facilities, Car Washes)- Gas Stations (100% 15 year properties)- Movable walls (self storage)You can find anywhere from 15-35% of the purchase price of a typical apartment complex is this type of property.More of it means less tax for you from higher depreciation amounts!
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17 October 2024 | 9 replies
Since flipping income is considered active income, it combines with your W2 earnings and can push you into a higher tax bracket, so it's important to set aside funds for both the increase in income tax and self-employment taxes.
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17 October 2024 | 26 replies
If it works as a LTR with rent higher than PITI you can DSCR.