Bradley Hendrix
Going from -50K to 1 million
5 August 2024 | 2 replies
When the building is fully rented allowing for a 10% vacancy the NOI will be $136,800.00 which will put the value around $1,700,000.00The refi I have in place at current rates will give me about 200K cash out and 50K cash flow a year.There's a ton more I could add in here but it's already a long post.
Nina Sid
Has anyone had a good experience investing in a syndicate with strong monthly returns
5 August 2024 | 15 replies
Hey Nina - I would encourage you to do due diligence on your investment before going in. Here
Lawrence Bland
Re-entering the Game: From Mortgage Broker to Multifamily Investor!
5 August 2024 | 16 replies
Once you get a good number in mind, plus costs for repairs, plus a rough perspective of appreciation in the area (because BRRRR doesn't really work until you factor that in here), you can technically make an offer yourself.
Troy Zapp
partnering with your GC starting out?
6 August 2024 | 17 replies
It sounds great on paper but has inherent flaws.
Michelle Chan
BEWARE Techvestor / Scoutpads
8 August 2024 | 22 replies
Neda AzizisefatNeda and her brother have a history of these sort of actions as well.She's one of the main players, but stays silent in dialogue.Sending this message to make sure her name is recorded in here as well.
Wayne Toh
New investor questions
3 August 2024 | 6 replies
I have many questions and hope to understand the bright minds in here.
Danny Celestin
Should I Buy the Rate Down
3 August 2024 | 19 replies
Mortgage rates are driven by the capital market and basically follow the bond market, specifically 10 year US treasury with a premium, historically about 1,7%.Yesterday the 10yT fell to 3.9% and I have seen 5.99% 30y fixed rates with a local bank in here Milwaukee (that is still an inflated 2% premium), so 5.7% would be historically normal based on a 1.7% premium, even without the 10YT going any lower.Here is why.If the 10yT offers lower returns, more investors want to buy mortgage-backed securities instead to get higher returns (about 1.7% higher), as a consequence lowering the returns on those as well.
Mary Eubanks
Rate of Return when flipping
1 August 2024 | 33 replies
she sure as hell isn't ready yet, much less attempting to do it with just a calculator or in her head.
Tim DiMario
Brand New - In the Research Phase
1 August 2024 | 29 replies
I know I have risk aversion so knowledge is one key to that obstacle.
Mike Wells
Astonished at my tax services bill!
3 August 2024 | 28 replies
Keep in mind that once a tax pro prepares a tax return, they largely inherent and own the historical data warts and all.How many states?