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22 June 2024 | 129 replies
There will still be equilibrium, just that the entire size of housing relative to GDP will be much smaller.
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17 June 2024 | 12 replies
Another one of the investments, they are currently proposing for us a chance to "save a portion of our original investment," is literally unbelievable.
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17 June 2024 | 11 replies
I am acquiring an assisted living home (RE+business).RE appraised for $1,320,000Business for $80k.I have the RE portion already financed through banks but am needing $80k for the business to get the deal done.I’m looking for $80k short term loan for at least 6 months so that I have enough time to get a more stabilized business loan.
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17 June 2024 | 8 replies
I think 50-150 units is no mans land and we stick to institutional level sized deals. his underwriting is too simple. the unit mixes are off we only build studios and 1 beds for fast absorption, the deal is also under parked without a parking study. anyone who uses "roughly" in their analysis isn't sophisticated enough. we underwrite rent growth, asset growth, and a million other assumptions this wouldn't pass any people I know who invest in deals. get with a More experienced operator and read more sophisticated underwriting. 400k per door new construction is crazy. how much is the land?
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17 June 2024 | 5 replies
There is also a relatively minor issue of recapturing depreciation on the rental portion.
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17 June 2024 | 25 replies
Craigslist, Zillow, local property mgmt company, etc) because not one of these sources by themselves is entirely accurate.Specifically, with regards to Rentometer, keep in mind that it does not even factor in how many bathrooms a home has, the condition of the home, size of the home, or even type of home (apt vs SFR).
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20 June 2024 | 69 replies
Our enduring friendships are other people in real estate, law and small/mid-size business owners.
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16 June 2024 | 23 replies
That way you kind of hedge your bets (aka Risk/Reward).Self Storage is historically Recession-Resistant as it has everything to do with Death, Divorce, Down-sizing, Dislocation, etc. - things that are prevalent in normal times and certainly, in not-so-normal-times, too.However, RV & Boat Storage is similar but different, in that approx 1 out of 10 folks in the USA rents a Self Storage Unit, and that is not the case with Boats & RV's; hence it being a much more niche strategy.
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16 June 2024 | 4 replies
My question is- what if life circumstances change and I need to sell the owner occupied portion within that 3 year window?
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18 June 2024 | 12 replies
But that's a relatively low sample size there since we don't get many VRBO bookings there.