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21 January 2025 | 15 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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4 February 2025 | 26 replies
These things should NEVER be considered in an educational program much less a program that has self serving owners with over-hyped experience and credentials.Students have been squeezed out of deals that their coaches are involved with.
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4 February 2025 | 9 replies
When you have about 10 doors, get the CPA involved.
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22 January 2025 | 56 replies
Much like by the end of this decade, I will take those same steps to become even less involved with work and have more times with my kids who will be really developing and that will be my focus.The difference once I made money, and was able to make it make money for me I de-risked by eliminating leverage.
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27 January 2025 | 7 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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26 January 2025 | 54 replies
I think there is enough information online that another course isn't going to move the needle on getting involved with a MF property or not.
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12 January 2025 | 6 replies
Then there were some issues with the inspection report that ruined 3 contracts prior to me getting involved.
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5 January 2025 | 23 replies
We're seriously looking to connect with individuals who are open to chatting or to working with two motivated guys who have goals of building a diverse portfolio overtime in the Pittsburgh area.Cheers,Matt
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29 January 2025 | 25 replies
Things they did bad which I wish I had asked more information about:Never involved in the screening of tenantsThey recommended keys for cash by waiving the rent amount buy only collecting fees which they would get not meThe cost to evict is 750-950 yet other companies told me they will include eviction in the priceThe tenant didnt pay in full last month and I was the one calling out to them and asking questions then a few days later I get an email saying something happened with the tenant and they are investigating.You get passed from person to person every week or so.No one told me when the construction was complete and so the house was ready for a week and the post to zillow and other sites was not done.It took them another week to take pictures and then another week to upload it.I was paying 200 dollar a month electric bills while the house was vacant because they left the AC running in the empty property.
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21 January 2025 | 13 replies
@Polat Caglayan The majority of investors who become involved in the section 8 program do so because they purchase lousy real estate and leasing the units to section 8 tenants is the best option on the table.