
19 April 2024 | 0 replies
Purchase price: $830,000 Cash invested: $225,000 The invested gain from the previous sale was utilized to upgrade, leveraging an ideal location for long-term appreciation, ultimately ensuring income during retirement.

19 April 2024 | 5 replies
I recommend utilizing all the fantastic tools that BP has available.

19 April 2024 | 5 replies
This type of financing will typically look very different and more like a traditional commercial real estate loan.That means a DSCR calculated based on a full NOI and expense load (so inclusive of vacancy loss estimates, credit loss estimates, repairs and maintenance, utilities, management fees and more – in addition to the property taxes and insurance expense that are the only expenses factored in on traditional residential style DSCR loan financing).Additionally, the DSCR minimums are generally going to be higher (typically up to 1.25x), the loan to value ratios lower (higher down payments) and underwrite more sophisticated (which makes sense considering the size and scope of the property).Many multifamily investors for properties of this size (such as more than 11 units) can syndicate capital and have more sophisticated financial and entity structures – its definitely a different world once you get up here in unit count.In Conclusion – when you are looking to invest in multifamily real estate and finance your investment – make sure you have the unit count in mind before you start shopping – the unit range can have a huge effect on your options.
19 April 2024 | 1 reply
The seller needs moving money, there are oftentimes an arrears that has to be paid on the loan, there are oftentimes HOA fees that are due, there are title costs, there are escrow costs, usually there is deferred maintenance, you have to make mortgage payments out of pocket until you get a renter in there, you have to pay utilities and taxes, and you need reserves in case it all doesn't go as planned.3.

18 April 2024 | 0 replies
Buying a 4+ bedrooms with a bonus room or flex rooms they’re able to charge from $650 to $750 per room including utilities.

19 April 2024 | 7 replies
Second, ALWAYS utilize a third party escrow company to keep the transaction as arm's length for the purpose of records and refinance with the bank later to buy you out.

19 April 2024 | 9 replies
Many investors utilize Fix & Flip Hard loans for projects like this.

18 April 2024 | 16 replies
I found that many owners neglect monument signs and utilizing the walls of their properties as advertising.
18 April 2024 | 41 replies
Quote from @Daniel Rabinov: Would love to hear the opinion of anyone on how exactly he would take $1,000,000 cash and utilize it to meet the targets below.Please, if any agents/brokers are replying, don't talk about the market you work in as it's a bias opinion due to the nature of your work.I currently live in Spain, but can oversee projects and physically arrive at a destination if needed but not relocate.Goals:1.

18 April 2024 | 27 replies
In southern California the majority of the homes would benefit from solar due to all the restrictions and high utility bills.