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21 January 2025 | 4 replies
I'm not familiar with Pace Morby, but I'm based in STL and would be happy to help answer your questions and possibly make some introductions.
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7 February 2025 | 15 replies
If you want to buy STR or MTR, i recommend buying next to hospitals there or near strong economic bases.
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7 February 2025 | 10 replies
Well this is going to be more mandated by your investor base than anything a mentor can help you with (i.e. there are groups raising money targeting low double digit returns, with limited cash flow, and other groups that need to show mid-20s to get investor interest).Lastly, if you are looking at a mentorship: really hammer on HOW they will help you be successful.
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22 January 2025 | 4 replies
Even a single family builds can vary significantly based on site conditions and required structure/design.
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20 January 2025 | 2 replies
. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000.
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6 February 2025 | 18 replies
Based on the continuing research, wholesaling property wouldn't be the right strategy.
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6 February 2025 | 16 replies
Based in Tampa, I have a lot of knowledge in Pinellas County rules and regulations as well as best practices/highest returns.
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6 February 2025 | 18 replies
I have not started looking in those markets yet, but based on everyone's great input on here I definitely will now.
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13 January 2025 | 2 replies
On the surface, the deal seems appealing, but there's a catch: the asking price is $475,000, which is about 18% over the market value (based on comps and DealCheck estimates around $402,000).Details of the DealProperty: Duplex, 2,400 sq. ft., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
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7 February 2025 | 99 replies
Based on your advice to newer investors, should I play the long term game by paying off my house early (2030)?