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16 October 2024 | 4 replies
My list includes - last 2 years employment history and current employment [2 paystubs], criminal checks, eviction checks, No Pets, No smoking, tenant pays utilities, maintains landscape, no subleasing, bring own washer & dryer, 1 month security deposit and transfer of utilities before moving in, rental insurance, all occupants will be on lease, notice period of 2 months for termination, tenant references, No cosigners, no painting walls, late fee notice, any hoa fines should be paid by tenant, inspection of property at 3, 9 and 12 months.Please let me know if I am missing anything.3.
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15 October 2024 | 3 replies
We also offered a unique 85/15 split for investors who commit $250K+ (Missional Shares), including an 8% preferred return.
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16 October 2024 | 18 replies
I've butted heads with mods over various topics, to include what should/shouldn't be allowed on the site.
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16 October 2024 | 7 replies
So, it is the ARV value of the property, not including the land.
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17 October 2024 | 4 replies
In the absence of an appraisal, when purchasing buildings that include the cost of the underlying land, you must allocate the total purchase price between the land and the buildings to determine the depreciation basis for the buildings.
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16 October 2024 | 4 replies
In short there are many levers that go into a deal like this including but not limited to TIA, buildout, Operator risk, etc...would be more than happy to jump on a call and see if we can provide some insights for your purchase.In general we do not like to place urgent cares in med office spaces, although hospital systems are notorious for throwing an UC in empty or extra med office space they have.
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15 October 2024 | 6 replies
In certain states where termites are an issue, you should include $150-$200 yearly for renewing your termite report in your underwriting.While some may read these points and say "duh, you didn´t know that", this is meant for those who want to gather as much info as possible before deciding on a deal.Happy investing to you all.
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15 October 2024 | 2 replies
Not sure if I should structure as a traditional home sale + a separate business package including all accessory structures, furniture, biz ops, STR license, etc.Maybe as an add on if someone wants to use it as a hostel business as well but still open to a traditional buyer purchase separately.
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16 October 2024 | 5 replies
For financing renovations or improvements on your Section 8 rental property, there are several options to explore, including grants and specialized lending programs like the Community Investment Program.
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16 October 2024 | 5 replies
I started exploring multifamily properties and various markets, which helped mitigate risk and maximize returns.By expanding my focus to include different areas, I was able to weather market fluctuations better and ensure a steadier cash flow.