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19 February 2025 | 3 replies
If you don’t have access to title company services, go to Norwalk recorder’s office and “chain” out the ownership and open mortgages.
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2 February 2025 | 8 replies
@Martin Manning To add onto what others have shared, in the most simplistic terms, apartment complex values are based on Net Operating Income, or NOI, and the cap rate.Price = NOI / Cap RateSo, if an apartment complex has an NOI of $100,000 and a market cap rate of 10%, the value is $1,000,000.Listing agents for complexes love to price based on a pro-forma, which is utter nonsense (unless you're in Austin, in which case apartment complexes apparently have floors made of gold).
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19 February 2025 | 10 replies
I have an Acquisition Analytics service for Business purchases that are under $5mil in revenue, that I do with my Bookkeeping Firm.
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15 February 2025 | 3 replies
You can double check the info by calling the lender/servicer
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10 February 2025 | 59 replies
Always good to know of other companies who provide products and services!
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7 February 2025 | 17 replies
To clarify, in MN a person must be a licensed to perform at-charge Property Management services, for others, on a standard commerce basis.
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1 February 2025 | 13 replies
It is to get you to reduce the amount of time you waste looking at deals and knowing what is good and what isn't good for a deal.You'll also need to know the area comps, are people putting in wood flooring or LVP etc.
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22 February 2025 | 8 replies
Your plan sounds feasible, but there are a few things to keep in mind:DSCR Loan Flexibility – DSCR (Debt Service Coverage Ratio) loans are designed for investors, meaning there typically aren’t occupancy restrictions like conventional loans have.
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18 February 2025 | 10 replies
The worst thing is to pay for a service where you don't get a benefit.If you have STR's and actively manage them, then there is a good chance that you can treat the propreties as active instead of passive which will allow you to offset the losses with other forms of income such as wages, interest, dividends, gains, etc.
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20 February 2025 | 8 replies
I.E. fencing, floating floors, etc.The cost segregation study will accelerate the depreciation into earlier years.