Caetano Vega
Managing a property for the first time
21 August 2024 | 6 replies
You'll want to understand what kind or notices and documents you need to get executed to either up their rent or turn the unit.Solid long term tenants are worth their weight in gold in my book so if theres a way to up the rent and keep them happy I's say thats the best route personally.
Michael Turner
STR Material participation requirements for married filling jointly
20 August 2024 | 14 replies
Does this guidance carry any weight?
Allen B.
Is outsourced maintenance a thing?
20 August 2024 | 18 replies
Warn them upfront you won't put up with it and the monitor.
Samuel Coronado
Getting ready to develop park
21 August 2024 | 9 replies
It cuts down on the CoC and IRR markers they are monitoring.
Garrett Brown
What Is Your Biggest Pain Point As A Host?
17 August 2024 | 12 replies
My attorney said that a real signature holds more weight always.
James McGovern
Is the ability to negotiate realtor commissions a form of Fakenews?
20 August 2024 | 18 replies
My realtor is worth his weight in gold and works very hard when I have a deal going with him.
Alec Jacobs
Should I buy windows myself or go through a company??
18 August 2024 | 5 replies
The installer did not remove the original weights from the original 100 year old windows nor did he insulate the weight shafts which is a must in Northern New Hampshire where temperatures often drop to -20.
Gerard Scranton
Should I refi my primary before refinancing my investment?
19 August 2024 | 6 replies
You might add the weighted interest you are currently paying, to see if you actually save money by refinancing your primary.For your 1st investment property, if you want to do a cash out Refinance on a DSCR type loan, you will need to get a minimum loan of $70,000, at 6.6%, you would need to have the property rented for a minimum of $900/mo, assuming taxes are about $2k/year, and Insurance is $750/yr.
Chuk Obiazi
Is wholesaling as easy as they say?
20 August 2024 | 24 replies
Like many (most) businesses it requires an investment of capital; money expenditure for ongoing marketing; management of operating, marketing and professional personnel; keeping accounting records and filing tax returns; established sales practices; constant monitoring of goals, budgets, and productivity; establishment and implementation of operational systems; and providing customer service.
Mikhail Pritsker
Sponsor underwriting. Part 2.
16 August 2024 | 0 replies
Key takeaways include:Thorough Due Diligence: Ensuring all aspects of the sponsor's background, financial health, and track record are meticulously examined.Consistent Criteria: Applying consistent criteria across different sponsors to facilitate objective comparisons and evaluations.Continuous Monitoring: Regularly monitoring the sponsor's performance and financial stability throughout the project lifecycle.ConclusionSponsor underwriting is an essential component of successful real estate and investment management.