
2 October 2024 | 16 replies
@Hanzel Ana Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

4 October 2024 | 17 replies
In many syndications, this notice address would have both the direct mailing address of the syndicator and often a law firm that helped draft the documents.

30 September 2024 | 17 replies
This is more common for commercial (5+ units, often lenders in this category want the owner/operator to have experience self managing or hire professional management), and not very common 4 units and under, IME.

1 October 2024 | 16 replies
Hard money loans are often short-term and ideal if you're planning to use the BRRR method, where you refinance after rehabbing the property.Reach out if you have any questions.

1 October 2024 | 3 replies
Unfortunately local politics often lead to policy considerations that are intended to drum up voter base appeasement as opposed to doing what's best for the municipality/city.

30 September 2024 | 5 replies
Instead of just focusing on a seller carry-back for the down payment, I often go a step further and ask the seller to finance the entire property.

30 September 2024 | 5 replies
That being said, when they launch their next fund, they are strongly considering a 506(c) offering.https://lastmileinvestments.com/While this is not a list of people I have invested with, I will say a lot of 506(b) operators hide in plain site:- Podcast hosts and guests (talking about what they have done past tense, not current offerings)- The gurus often also syndicate deals- Rise48, per their website, has primarily (if not exclusively) 506(b) offeringsThe thing is, depending on how conservative the compliance attorney is, you can have 506(b) operators advertising like there is no tomorrow.

30 September 2024 | 7 replies
HELOCs often have variable interest rates, and you can borrow more in the future as you pay it down.If you're looking for long-term stability and want to lower the interest rate, cash-out refinance is probably the better option.

30 September 2024 | 8 replies
I haven't conducted a variance myself but I often hear about investors delegating that work to a specialized attorney familiar with the scope of work.

30 September 2024 | 12 replies
Second step is to post the notice - this often gets their attention and prompts communication as we tape it on their front door.