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11 June 2024 | 2 replies
1. you're right in the new ones from developers don't produce any cashflow. you might want to look at the secondary market to get better yields as the properties are already built and can cashflow right away. also easier to see comparable rents in the same development. check bank repos, distressed sellers and the like. you might also want to get a parking slot for added income as they can be leased out separately. it's also quite difficult to sell without one should you decide down the road. developers usually have an in-house leasing team to handle property management which we use for some of our properties.
12 June 2024 | 3 replies
They are typically used for transitional or value-add properties and have higher interest rates and shorter terms compared to traditional mortgages.Construction Loans: Construction loans provide financing for the ground-up construction or substantial renovation of commercial properties, such as office buildings, retail centers, or multifamily developments.
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10 June 2024 | 11 replies
Rental prices are also up 20%+ compared to 2020.
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11 June 2024 | 6 replies
DSCR is a better option on rates and cost compared to Fannie and Freddie loans.
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10 June 2024 | 30 replies
I'm wondering if anyone has experience with Propwire and your results compares to other list pulling sites?
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12 June 2024 | 13 replies
Hot cold, etc.. what are the comparable properties and do they have multiple upgrades?
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12 June 2024 | 27 replies
I would also need a before picture to have something to compare to but based off of these I'd say I'd keep them.
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11 June 2024 | 46 replies
The large institutional investors look at the comparable prices in an area (costs) and rents (income), they find the best properties that match the calculation then they go look at the property.
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10 June 2024 | 8 replies
Real estate is tangible, unlike all of the other comparative metrics you talked about.
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10 June 2024 | 1 reply
. $650K seems high for a 4 unit in Spring Hill seems like more of a Tampa sale price do you know most recent sale date or have you looked at other comparable sales within 1-2 mile range.