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19 April 2024 | 13 replies
Alternatively, consider furnished rentals, particularly for students in medical programs or those undergoing residencies.
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17 April 2024 | 16 replies
You can get same info for old real programs which can be found on Amazon.
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19 April 2024 | 4 replies
Hey Andre I live in Wr, operate a STR and a MTR in so I have experience working with the city quite a bit.Their website is pretty straight up with the information and calling the ladies who run the program have been pretty helpful too.
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19 April 2024 | 12 replies
Do they offer comprehensive training programs and ongoing mentorship?
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19 April 2024 | 8 replies
Regardless of how you decide to do it, I recommend you look into a program like Baselane for your bookkeeping from the beginning.
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19 April 2024 | 1 reply
rent by the room, rent by the unit (small MF), rent out an ADU, etc.If you plan on renting by the room, then maybe more square footage and potential rooms to rent.If it is small multi-family, then you can look at similar size rentals to see what their market rates are or use programs like Rentometer.com or BP rental rate calculator.
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19 April 2024 | 20 replies
Some DSCR loan programs require no reasoning at all!
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23 April 2024 | 30 replies
Well today getting 8% is historical norms with a diverse portfolio so I would take the $ today and as a GP would give the money back to investors in 100% of these situations. these are great question, but most gp these days are just trying to keep floating by modifying the loan, to a year or two.in my opinion, and this is my opinion, it's good if gov. can give subsidize them by allowing further debt restructization , lets say there's program for goverment to give them extension of 5 years with lets say 5% debt.this would stabilize lot of CRE market i know this strategy has been used outside USA.
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19 April 2024 | 5 replies
I want to put in place some incentives for new tenants and want to know if anyone on BiggerPockets has done something similar.Here are a few ideas I have had:First Month Free: Sign a 13-month lease and get your first month freePets: No pet fee for the first 6 months, year, etcRent Discounts: Offer a discounted rent for the first month or two fortenants who sign a pre-lease agreement before a certain date.Waived Fees: Waive application fees, administrative fees, or securitydeposit for tenants who pre-lease.Free Utilities: Offer to cover utilities such as water, electricity,or internet for a certain period for tenants who sign a pre-lease.Upgrade Packages: Provide upgrades or amenities such as free parking,access to a fitness center, or a smart home package for those whopre-lease.Gift Cards or Vouchers: Offer gift cards or vouchers to localbusinesses such as restaurants, cafes, or grocery stores as a signingbonus.Flexible Lease Terms: Offer flexible lease terms, such as shorterlease lengths or the option to renew at the same rate, to incentivizetenants to pre-lease.Refer-a-Friend Program: Encourage current tenants to refer friends orfamily by offering them a reward if their referral signs a pre-leaseagreement.Early Move-In: Allow tenants who pre-lease to move in a few days earlyat no additional cost.Guaranteed Parking: If parking is limited, offer guaranteed parkingspots for tenants who sign a pre-lease agreement.
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19 April 2024 | 5 replies
On the other hand, DSCR loan programs have become very popular mostly because no proof of income is required and the qualification is based on the cash flow of the property.