Thomas Austell
Is this a good deal?
18 September 2024 | 4 replies
Year 1: $2.25m Year 2: $2.35m Year 3: $2.5mARV: $3.5mEstimated Rehab Costs: $250,000-$300,000 (Rehab had already begun and I have all the contractor work orders)Exit Strategy:1.
Joshua Maffuccio
Questions about DSCR Loans
19 September 2024 | 6 replies
Kind of a misnomer since you aren't really "refinancing" any previous loan, but new debt on a previously owned property that was owned free and clear will still have "refinance" terminology label.Correct on not needing to see a history of rental income - just forward-looking, there will be some variance among lenders and situations though whether the refinance can occur only after the lease has begun or if they will allow the refinance with just a signed agreement but not yet commenced (i.e. if the tenant signed an agreement today 9/10/2024 for a lease starting 10/1/2024)
Sanjeev Advani
Individual Investors Begin Pullback, Slowing Commercial Real Estate Price Gains
10 September 2024 | 1 reply
Chad Littell from CoStar notes that while institutional investors adjusted their strategies early in response to rate hikes, individual investors have only recently begun scaling back.July Sales ReportAccording to CoStar’s July Commercial Repeat-Sale Indices (CCRSI), the equal-weighted U.S. composite index, tracking smaller market sales, showed only a 0.2% price increase from June, with prices down 0.7% year-over-year, marking the first annual decline since 2012.
Benjamin Wythe
Investor/Builder arrangement - advice/best practices?
5 September 2024 | 2 replies
I have recently begun my first project as the investor/developer.
Benjamin Carver
Raleigh Market Update August 2024
3 September 2024 | 0 replies
Info pulled off MLS directly.We are now in that time of year where school has begun and, cyclically, real estate cools down for a little while.
Kyle Kurt Gabriel Smith
PhD Scientist/Builder looking to connect with the BiggerPockets community!
1 September 2024 | 8 replies
I don't know if I need a partner, investor, or just more patience... which is why I have joined BiggerPockets and begun to look into the wealth of information!
Account Closed
Having Trouble Filling a Strip Mall Vacancy
30 August 2024 | 15 replies
Tanning Salon, small Chiro or Acupuncture shop, Insurance office, Lot of parking space and visibility.
Ryan Dunn
I keep seeing and hearing the midwest is the new hot spot
2 September 2024 | 32 replies
The past couple of years as L3Harris has begun to move production/engineering from California to the area (cost cutting measure, not political), we have been seeing 10% appreciation yoy or so.
Renita G Ezell
Becoming More Familiar with Alabama
27 August 2024 | 0 replies
My husband and I have begun studying the auction process in Alabama.
James R.
Off Platform Bookings - Too Risky?
30 August 2024 | 25 replies
I love taking off platform bookings because I am not a fan of Airbnb and their arbitrary policies at all, and lately VRBO has begun turning to the way of Airbnb as well.That said, we do get fraud through our site quite often.