Evan Smith
Seeking an uncommon debt structure: Commercial collateralized vs Residential on SFR
15 April 2024 | 0 replies
(option to go to 24, but I want the initial project to begin locally.)Location- OhioMarket type- Local, within 8 miles to meBuilds- Identical 2700sf, 4 bed, 3 bath , placing the same structure that meets the tenants criteria in 9 locations.Debt: Seeking a refinancing option based on a 9% cap rateThe difference ( 450,000 x 9= 4,050,000 vs NOI of $384,261 / 9% = 4,269,576 or $474k/property + tenant)with our continued rates of appreciation and a standardized tenant/lease structure in place, this should be a win for everyone.Who has a solution?
Michael Vilasi
Real Big Pickle. . .
16 April 2024 | 10 replies
My niceness would've went out the door once they admitted to the theft of the check.
Ethan Robert Millay
21 year old looking for advice on first Airbnb
14 April 2024 | 19 replies
Before accepting anyone as a guest, make sure to screen them, verify their identity, and communicate clearly.
Pradeep Varghese
Using Fund and Grow along with Plastiq for paying down payment
13 April 2024 | 26 replies
They'll require that you fill out a bit more information, and even ask for a picture of you holding your driver's license next to your face to confirm your identity.
Kristi Kandel
Affordable Housing - Columbus, OH - Human Trafficking Survivors
12 April 2024 | 10 replies
Services for survivorsHarriet's Hope is open to any individual — no matter their gender identity or sexual orientation — who has experienced human trafficking or chronic homelessness, meets CMHA's income guidelines for a housing voucher and is ready to make a commitment to sobriety, Kendall said.Most residents will be identified through the Salvation Army, but referrals can come from anyone, anywhere, she said.What sets the community apart from others is that the services residents need are embedded within it, Kendall said.Services include substance abuse disorder treatment by Alvis, case management through the Salvation Army, gender-affirming case management through Kaleidoscope Youth Center, a computer lab furnished by Dell, a food pantry, nutritional services, financial literacy classes, peer support, employment readiness programs, legal aid, health screenings, child care and more.Residents will start out with a one-year lease before going month to month, Kendall said.
John Chan
General contractor not performing
11 April 2024 | 10 replies
I have a no B.S policy when I work with contractors, because of the amount of scams / theft there is in the industry.
Austin B.
DFW - Legal Counsel & Title Company Recommendations
10 April 2024 | 5 replies
I am using Texas Secure Title but I use the Ft Worth office and have a personal connection there so mileage may vary, but at least it is somewhere to start.
Blake Taylor
Vacation Rental Licenses
9 April 2024 | 5 replies
Can't seem to find anything on the Ft Lauderdale city sites on this, so I may have to call but wondered if anyone had a suggestion.
Jennifer Y. Park
The Forever EVICTION
10 April 2024 | 7 replies
The initial returns are lower on paper in better locations (lower cap rate, less initial cashflow according to the magic spreadsheet), but the overall returns in reality are much better including all the different ways people make money in real estate (gained equity through natural and forced appreciation, principle pay-down, increasing rents= higher cash flow when looking at the big picture if you buy and hold, depreciation tax benefits, plus way less of the big profit killers like turnover, non-paying tenants, property damage and theft, dealing with bad contractors because good ones don’t choose to work in bad areas either, etc.).
Dom Nico
Recommendations and insights on commercial lot
9 April 2024 | 2 replies
I'm surprised by that value and would have thought the actual value is closer to the assessed value of around 1.5x the value of my lot -- the neighboring lot is identical but has a building and businesses on it, and is appraised at just $100k more than what their appraisal shows for the unimproved lot.