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19 August 2024 | 7 replies
We've decided to take our aesthetic to Dallas, for several reasons both business and personal but we're excited for this next chapter of building.Outside of real estate, we like to take our dogs to the beach/park, try new foods and sharpen our RE skills.
19 August 2024 | 6 replies
Hopefully you did not pay too much for the dirt. 1 acre is optimal these days because of desired double to triple drive thru for QSR.It can become a problem because if they make the building smaller you get less rent but they do more sales.Example a QSR used to be 3,000 to 4,000 sq ft but now instead wants double drive thru's as not many go inside for fast food like pre-covid.If you get 1,000 a foot less at 30 a foot you just lost 30k NOI and now at 5 cap example paying all cash NNN once developed you have lost 600k value.It can fine as long as you do not overpay for the land.
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20 August 2024 | 15 replies
Our average daily rate(ADR) is high for our STRs, and we provide many amenities to cater to a more luxury clientele, but because of that guests have very high expectations when they book.
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18 August 2024 | 12 replies
It might be worth looking into specialized insurance providers that cater more to investors with rental portfolios, as they usually understand the nuances of long-term investing and tend to be more flexible.Also, if you're investing in certain markets, like Indianapolis, where property values are lower, you can sometimes balance these insurance hiccups with much better returns on your investments.
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23 August 2024 | 181 replies
reireply was built for personal use by a nationwide wholesaler and then eventually opened it up for subscription users so their purpose is not so much to cater to new folks, but their own use.
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16 August 2024 | 1 reply
You can always get funding from lenders, who usually cater to a vast majority of needs, from bridge loans to commercial financing.
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21 August 2024 | 27 replies
@Miguelli Fernandez here's some other food for thought!
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20 August 2024 | 40 replies
Just some food for thought as you're going through the motions :) it is absolutely negotiable, before you close the loan.