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13 January 2020 | 1 reply
By multi-family, I'm referring more to duplexes, triplexes and fourplexes, as opposed to larger apartment-style propertiesMy understanding is that 8-12% cash on cash is considered standard or good, but is this more for SF or MF, or does it include both?
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15 January 2020 | 0 replies
I secretly miss the days of notebook style planners, but I also really enjoy technology and keeping things simple with electronics/apps.
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15 January 2020 | 1 reply
For example, an enormous Michelin star chef’s kitchen does not belong in a quaint, Victorian-era Arts and Crafts style home.
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15 January 2020 | 1 reply
Talk with an insurance agent beforehand and give them an idea of what you are looking for (price range, style, age, etc) and they should be able to give you a bit of a range (~$50-75/mo) although the final expense will be dependent on what you buy.3) For sure make sure you stock a bit aside for any maintenance issues that come up (water heater, plumbing issue, etc).
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16 January 2020 | 7 replies
Check to see If there are any specific street design requirements, DOT requirements, permits or traffic studies, DWQ, Army Corp or any other environmental requirements or permits.
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17 January 2020 | 28 replies
.- I agree with other comments, investing in OZ is very risky, most of the offering is an opportunistic-style investment (compared to core/value add in 1031 DST), so there's quite a bit risk of losing money.
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18 January 2020 | 5 replies
Sale price will be a little below market value with a Home Style loan (4% down), rehabbing ($80K-$100K) mom's home into a place my family and I can live in (better schools, bigger yard, and other benefits) comfortably with a growing family.We plan to renovate the attic of our current home and make some cosmetic repairs ($60,000 HELOC) that take it from a 3 berooom 1+ half bath to a 6 bedroom 1+half bath with a separate 1 bedroom apartment that has a livingroom and kitchen (apartment is already renovated).We then plan to rent the Air BnB for 2 years and re-finance for equity and leverage to buy more rentals.
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2 June 2020 | 29 replies
Nobody, not even the state dept. of environmental protection, could figure out where the odor was coming from.
18 January 2020 | 2 replies
Hard Money/Private Money can provide up to 90% LTV and 100% Rehab that can be advanced at closing or reimbursement style draws and can close in 2 weeks - Some also provide a Fix & Flip LOC
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11 February 2020 | 14 replies
For example, a resort style park with seasonal senior tenants will usually have recreational activities and courts, pool and spa, clubhouse with bathrooms and showers, laundry, and manicured landscaping, which all have an impact on expenses.