Jerome Nunez
Dissolving Membership Interest in LLC with Mortgage Liability
13 November 2024 | 3 replies
I do not have language in the operating agreement that would force a refi if a member requested to be dissolved.
Michael Fischer
First time mid term rental.
14 November 2024 | 6 replies
All three generate leads from insurance claim residents and traveling professionals (medical and the trades).One of the advantages of FF has been that it's forced us to have systems in place to create leases, accept security deposits without co-mingling and provide "live" customer service.
Ricardo Polanco
Short term rental Inspection from OSE officer
12 November 2024 | 1 reply
Hey @Ricardo Polanco - inspectors, whether it's announced or unannounced, should not be forcing their way into your property.
Henry Lazerow
Anyone else finding flips to not pencil out lately?
15 November 2024 | 9 replies
Nobody with a 3% rate would sell (unless the economy forces them) and jump into a 6%+ rate.
Shane Pearlman
[Timely] Tax appraisal changed property from 4plex to duplex / 2 townhouses?!?
15 November 2024 | 7 replies
Although I would argue that using a duplex valuation is inaccurate due to market forces.
Sandra DeJesus
HUD is requesting partial claim after closing on my house in 2015
16 November 2024 | 24 replies
I frequently speak with folks who are finding out that:A: They have a partial claimB: The partial claim amount is astronomically higher than expectedC: HUD failed to record their lien (not as common as A and B) and then was forced to pursue the homeowner after a saleSince FHA has been basically pushing everyone they can into a loan mod per "Covid mortgage rescue" plans, these will be an ongoing issue for many years to come.
Michael Baum
Fed cuts rates by .5%
9 November 2024 | 87 replies
Afghanistan, Iraq, Libya, Lebanon, Iran, Ukraine, Vietnam, Korea, Venezuela, Cuba..... on and on the list goes who have suffered, seriously, via US interventionism.
Carlos Ptriawan
Don't become passive investors
1 December 2024 | 91 replies
To avoid most of the issue, financing should be at least 8 to 10 years for them to survive, if everyone is chaing 15% IRR with 5 year baloon, it's highly risky because then the operator would be forced to sell their investment too quick without adding value to investor.- Valuation, the valuation is all over the place man, an apple that's worthed $1K in 2021 now is only valued $200, there's something really wrong in the valuation of these industry, specially when they're leveraged.I've seen the last part when banks is doing LBO as well, they are like valuing company 10x from their own cash flow and use investor money to create "non sense" value, or just for the sake of heavy commision.
Robert Frazier
Value add opportunities under new Boise Zoning code create cashflow opportunities.
19 November 2024 | 13 replies
An investment of just $450,000 for the land and the 1200 square-foot house now has the possibility of creating two or three more units of housing cash flow as a rental and force equity of two or three times the initial value.