Val Berechet
Is it still a good idea to invest in Tulum, Mexico?
11 December 2024 | 101 replies
I am wondering how best to truly know that one’s developers will produce what I expect, windows are usually a given😃 not all that happy with this extra thousand dollar excursion but I have definitely learned much.
Scott Trench
Purchasing a small Office Building
22 November 2024 | 13 replies
Fixing a class B doesn't produce amenities that Class A offers, otherwise you're losing sq ft if you add a gym/shower, etc.Anyway, happy to get updates, but I think your leasing will be at 0 for 12 months.
Carlos Ptriawan
Don't become passive investors
1 December 2024 | 91 replies
However, 1) there are still syndicators producing outstanding returns 2) commercial MF and office space is down significantly.
Brian Quo
How bad is it to start off not cash flowing on 1st rental that is new construction?
20 November 2024 | 37 replies
I claimed for years 1) initial cash flow and cash flow over a long hold have a poor coupling 2) that I would purchase a property with negative initial cash flow. 3) I cared about total return and did not give a $hit about cash flow if the other returns produce an outstanding return 4) that cash flow is my least favorite return because it gets taxed annually.
Luis Maza
Real wholesalers - or hype pricing - my numbers are not adding up - dilemma
15 November 2024 | 15 replies
Quote from @Luis Maza: Hi all, returning to the game this year and would like to pick your brain a bit, we started working with a wholesaler that will send us properties here and there with the "wholesale" price, but every time we check the properties and add the numbers, the margins are, well, I am not sure, too low perhaps, maybe we are getting to picky, but this is my dilemma for example...Today we got a property, wholesale price 300K, rehab about 50-60K, ARV is about 440k, but with the cost of hard money, we have about 100k cash, hard money interest at 11%, keeping the property for 90 days while we finish the rehab, closing costs, commissions, we ended with 30k profit before taxes, while it sounds appealing, adding up all expenses and cost we ended up expending 50K on rehab(labor/materials) and about 50-60K with cost of the loan, interest, commissions, etc, everyone makes money, happy with that, but it seems that we are working to produce a 100k for everyone else, while we make 20-30k if everything goes well...In my opinion, we are not really getting "wholesale" price, it seems that we either buying to expensive, rehabs are much more than we would like to spend and the cost of borrowing that money is too high...We came up with thoughts as: lets fund it ourselves with money from a close friend/partner that we will bring in, and that would save us 10-15k here and there, but still, is that the norm now?
Travis Andres
Pricelabs for MTR?
13 November 2024 | 5 replies
Everyone is looking for a market predictor tool for MTRs and so far no one has produced one.
Jon Ful
Cost Segregation (San Diego, CA)
17 November 2024 | 9 replies
I definitely recommend that you seek out a Certified Cost Segregation Professional so that you are confident in the quality of the work performed and the deliverables produced.
Jeff Sitti
$100k Inheritance - What would you do?
19 November 2024 | 19 replies
Jeff Sitti - I would buy a performing note that produces 12% returns so he could get approximately $1,000 per month in immediate cash flow.
Alec Raven
Property Management Education/Certificates/Books Recommendations:
14 November 2024 | 4 replies
There are some really great podcasts that talk about different things, and there are actually quite a few vendors that produce content (podcasts, blogs, webinars, etc) that can educate you a ton.
Jean Brune
First PadSplit Investment Property
13 November 2024 | 0 replies
It was fully renovated when I bought it.I added value by adding income-producing rooms.What was the outcome?