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10 February 2025 | 31 replies
All the best You said it correctly, one without your experience in an area would need that app.The app pulls comps for hundreds of properties, and then it sorts them from highest to lowest margin in under 2 seconds.
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12 February 2025 | 7 replies
Notion's definitely a good alternative but once you go past hundreds of units, I think Appfolio or Rentvine is more fitting.
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11 February 2025 | 0 replies
There are several myths that we have to debunk before someone truly believes they can do it.You need millions of dollars to do a dealThat it’s too complicated to figure outThat permitting takes yearsIn those communities developments cost way less (think a couple hundred thousand along with a loan from a regional bank), permitting is not difficult (much less red tape), and the towns are small enough that both the city staff and the local architects and engineers and contractors all work with you to help you navigate the process since you’re all invested in making your community better.Note: The big boys can play in the primary & secondary markets.
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1 February 2025 | 13 replies
Knoxville isn't a luxury market. widen the gap and do new construction. find infill plots of land in better locations and have more control. work closely with a builder who Is working with investors. we have flippers who did hundreds of flips then they graduate to new builds and say it's much easier. if you have the balance sheet you'll be fine. budget 20%. new construction commands a 20% premium and is much easier to duplicate Over and over and much less risk.
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8 February 2025 | 8 replies
You will likely miss some deductions using the commercial tax software but it’s the cheaper option and starting out a couple hundred dollars in deductions missed likely isn’t that big of a deal.
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3 February 2025 | 15 replies
Quote from @Mark Sullivan: Quote from @Tim Delaney: One missing piece of info here is how much cash you have available to invest at the moment.My initial thought was sell LLC B and hopefully you have a few hundred thousand available on top of that to buy the new building.
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11 February 2025 | 6 replies
I have a complex next to mine that has over a hundred units, some do very well some dont and you can point to their decor right away as a differentiator.
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16 February 2025 | 5 replies
There are hundreds of lenders that you can choose from offering nice looking terms.
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16 February 2025 | 2 replies
Cash out would take me from a 7.25% rate to 8%, which is a few hundred dollars per month, and they will likely make me wait all through March to do the cash out to meet seasoning which is another $2400 interest payment I could avoid if we could refi by the end of this month.
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5 February 2025 | 4 replies
@Kwanza P.I've owned property in both countries for years.When it comes to Mexico, I've shared my experience by replying to hundreds of posts on the topic on the forum.