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21 January 2025 | 15 replies
As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.
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15 January 2025 | 9 replies
it was an interesting process but basically, the novation allowed us to get the deal done without having to involve the banks. this was a huge motivation. that way I save on having to close twice.
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29 January 2025 | 25 replies
Things they did bad which I wish I had asked more information about:Never involved in the screening of tenantsThey recommended keys for cash by waiving the rent amount buy only collecting fees which they would get not meThe cost to evict is 750-950 yet other companies told me they will include eviction in the priceThe tenant didnt pay in full last month and I was the one calling out to them and asking questions then a few days later I get an email saying something happened with the tenant and they are investigating.You get passed from person to person every week or so.No one told me when the construction was complete and so the house was ready for a week and the post to zillow and other sites was not done.It took them another week to take pictures and then another week to upload it.I was paying 200 dollar a month electric bills while the house was vacant because they left the AC running in the empty property.
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26 January 2025 | 54 replies
I think there is enough information online that another course isn't going to move the needle on getting involved with a MF property or not.
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14 January 2025 | 9 replies
We are both 28 years old with zero experience prior to getting involved, she works for the business now and I work Blue Collar in the trades.
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16 January 2025 | 5 replies
This one was strange because I ended up splitting the companies and partners involved in the deal so we liquidated halfway through the project.
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16 January 2025 | 0 replies
Investing in single-family residence fix-and-flip projects in New York involves purchasing distressed or undervalued single-family homes, renovating them, and selling them at a profit.
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17 January 2025 | 24 replies
Make sure every dime is deposited into the trust account.Private lending, like syndication investing, doesn’t involve many transactions.
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11 January 2025 | 19 replies
The property feels like you are in the jungle yet is on a paved road with high speed fiber optic internet and within walking distance of great restaurants that are owned and operated by entrepreneurs from around the world.
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31 January 2025 | 7 replies
There are a plethora of CT based real estate Invetsor meet ups you should get involved with.