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7 October 2024 | 6 replies
Know the lenders requirements for the loan types you will need.For instance you may find you need to have liquid cash of 9 Months P&I and 100% of the loan amount as your personal net worth in order to avoid personal guarantees on the loan, and your retirement accounts may not count towards your liquidity.Know the requirements of the loan products for the apartments you want to buy.There are no books for that, that I know of--just lenders info.Because without that all else is just scholastic exercise.Good Luck!
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20 October 2024 | 147 replies
They used to issue glossy brochures as inserts to real estate magazines, which were actually very light on articles and very heavy on insert ads.
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9 October 2024 | 21 replies
It may make you feel better that you have it, but many instances its useless because its not the right situation or was done properly.
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7 October 2024 | 24 replies
For instance I had a special case where I billed the tenant an extra expense monthly on top of the automated rent collection, so I add it as an expense and it would automatically email them and notify me when it was late of course.
15 October 2024 | 69 replies
This is a place for people to gain knowledge and education and ask questions to get guidance.I have seen sites where GP’s are not allowed to comment on posts (or even see posts in some instances) that were from a ticked off investor and personally not a fan as if someone can throw shade at another person / company without any consequence and / or allow the other party to respond - I feel like it’s just another form of censorship which I oppose
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9 October 2024 | 23 replies
But to give you an idea: Take for instance a turnkey 3-Story in Fitler Square (A Class Neighborhood) averages around $550k-$600k+.
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8 October 2024 | 11 replies
For instance, I assume that the sale of the property was also the final year of the syndication and you received a "final" K1.1.
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6 October 2024 | 15 replies
Do not expect them to be proactive in their communication when it comes to renewing leases or anything else.There have been 3 instances where accounting has messed up on my account resulting in more than or less than the normal amount being deposited into my bank account.
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11 October 2024 | 41 replies
For instance, Choose Chicago (I used to work for them) is the marketing arm for the city and they drive huge pieces of business that will drive hundreds of people into downtown selling out all the hotels and driving prices crazy high.
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5 October 2024 | 2 replies
For instance in the Northwest.. picking anything with Pacific Northwest or local cities etc are already taken .. but when i have someone pick one from where thay are at in the country its never taken..