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24 June 2024 | 1 reply
While Section 8 offers benefits like guaranteed rental income and a larger pool of prospective tenants, there are administrative requirements and potential differences in payment expectations to navigate.Before making a decision, conduct thorough tenant screenings to ensure tenants meet your rental criteria beyond their Section 8 status.
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24 June 2024 | 26 replies
I'm applying for various Leasing Administrator and Assistant Property Manager roles, although it's a slight career switch from my normal day job as an executive assistant.
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28 June 2024 | 100 replies
>>>>>>>>>>>>>>>>>>>>>Multifamily bridge loans:Loan Size:$1 million and upLoan Term:Short-term, typically ranging from 6 months to 3 yearsMost common range is 12-24 monthsExtension options may be availableInterest Rates:Higher than permanent financing, often in the teensRates vary based on creditworthiness and collateralGenerally 7-10.5% for multifamily, 15-24% for other commercial propertiesAmortization:Typically interest-only paymentsMaximum Loan-to-Value (LTV):Up to 75% of total project costCapped at 70% of the completed or stabilized property valueFees:Origination fees, legal fees, closing costs typically 1.5-3% of loan amountFees can include appraisal, administration, escrow, title policy, and notary chargesOther key characteristics of multifamily bridge loans:Fast closing process, with funds available quicklyEligibility based more on property value than borrower creditOften used for acquisitions, renovations, lease-up, or repositioningProvided by private lenders, venture capital firms, and commercial real estate lendersNeed to be refinanced or paid off quickly via sale or permanent financing>>>here is how extension options can impact the overall cost of a multifamily bridge loan:Extension fees: Exercising an extension option on a multifamily bridge loan typically requires paying an extension fee to the lender.
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21 June 2024 | 4 replies
CRS and ALE Solutions has a place on their website where you can add your property to their database, that's an easy start.
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23 June 2024 | 105 replies
With an experienced attorney familiar with PRPs and a third party administrator.
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22 June 2024 | 5 replies
Your lease should address tenant lease violations and what fees may be owed to cover your administrative burdens of having to deal with tenant violations.
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18 June 2024 | 2 replies
He is specifically interested in knowing what specific time/administrative labor investments come with being a "passive" investor.1.
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20 June 2024 | 2 replies
Simplified administration makes it easier to manage under one main LLC.4.
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21 June 2024 | 13 replies
There are many unfinished projects (promises made by MGM) around the casino, that are now gaining traction as MGM President Bill Hornbuckle and Mayor Sarno had a recent meeting to review the host community agreement -- the Sarno administration was vocal about MGM not fulfilling its promises to the City.
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18 June 2024 | 16 replies
@Andrew Hogan, again, I respect I may be talking apples and oranges here, but the value of 506(c) is primarily to GROW a database of potential investors.