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17 April 2024 | 5 replies
The referee and I signed the paperwork, I gave the auctioneer my bank check at the conclusion of the auction on a Friday around 11:30 am.
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18 April 2024 | 15 replies
Their students” either learn only the basics, not the “nut and bolts” necessary for successful deal conclusion, or learn a dangerous and sometimes legally cloudy methodology.
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17 April 2024 | 17 replies
Nobody but us enjoys it, and it results in one of the two bad outcomes: either we confuse the heck out of investors, or they run away with a dangerous simplistic conclusion that Brandon/Michael/Ted/whoever else said Yes/No - when very rarely these debates have a yes-no conclusion.
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17 April 2024 | 0 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.
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20 April 2024 | 100 replies
I have some different conclusions.
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16 April 2024 | 11 replies
We've come to the conclusion that we need more than 20% down on a rental to make it cash flow, so we've decided to flip a few to generate cash.
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13 April 2024 | 22 replies
@Bruce Woodruff it's a free country, so you can do anything you want.On the other hand, many people jump to conclusions without all the facts and often don't process facts correctly.My manager's brother-in-law belongs to a very exclusive country club - they've host PGA events regularly.They approached our management company about potential rentals that their DOCUMENTED temporary H-1B visa workers could use - with multiple workers staying in the property for the summer.We couldn't find an owner willing to agree to a short-term lease at an acceptable price.So, how accurate are your assumptions with the limited data posted?
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11 April 2024 | 3 replies
-The Skeptics Take: Good Vibes in the Market.The Weekly 3: News and Data to Keep You Informed-11 Studies, 1 Conclusion: Housing market is underbuilt (ResiClub).
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9 April 2024 | 12 replies
In any case, to answer your question - I would have figured out what the amount was and what the offer was, and gave them a firm trade off - yes to the offer and get gone or the offer is gone and the eviction process will proceed to its conclusion.
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10 April 2024 | 22 replies
I am coming to the same conclusion as well.