
14 March 2021 | 0 replies
This gives us and our investors great confidence in these uncertain times.Deal specs just to share:Purchased at $1,700,000Capital we raised $730,000Year built 1962Class CMix of Studio, One-Bedroom and Two-BedroomsGot it at $77K per unitPutting $35,000 in for renovationsWe are doing a 6% preferred with our investors to be conservative with monthly distributions.Projected 5 year return: 15.65% IRRInvestor multiple of 1.94Hold time 3-5 years depending on market.NOI: $119,718 = The master lease is for $16,000 per month - 42.72% on expensesDid 65% LTVInvestor (LP) 70% - Managing Partner Group (GP) 30%Plan: at the end of year two when the master lease is up we will increase to current market rates (and hopefully renew the master lease) which will take it to a COC of 9.47%, sell at Year 5 for $2,425,300.

29 January 2024 | 40 replies
I guess my situation is a little unusual - I have a potential tenant who has filled out applications but did not disclose they have an emotional support dog until we mentioned there will be a pet deposit since there will be a dog living on the property as well.

18 December 2013 | 22 replies
My point was not to make up disclosures on your own and deciding that some disclosure gives license to do something unusual along with the reasons for not doing so.You need an attorney IMO to do your first loan from an individual as they will keep you out of trouble.

15 October 2019 | 5 replies
He said fairly often he would encounter some strange or unusual experience that would shake him up.

28 January 2019 | 1 reply
I don’t have any experience flipping and I am uncertain if I want to wade into those waters, especially since I don’t have enough knowledge about the nuances of how these deals work to make an informed decision yet.

23 February 2023 | 57 replies
Yes, the home buying process in Mexico is different, weird, unusual but I was willing and open to taking a calculated risk, with conducting due diligence of course.

20 April 2023 | 8 replies
We've grown our portfolio (my wife and I) much faster than we originally planned - seems that is not unusual, but we are possibly looking at opportunities in SW FL.I will be in the Largo beaches area Apr 21 - 26 and am looking for a potential partner in the area to help find deals.

21 October 2017 | 6 replies
Your second challenge is that a portfolio (especially when it's an unusual critter in a market) could command a steep discount to sell as a group.

16 November 2022 | 9 replies
Finance 2.0 will come in and make most of investors obsolete in the very near future unless we get a sturdy footing now and become the willow and not the oak.As to fade that occurs in deals and trades as you mentioned, I (generally) think this is part of a larger trend we are seeing in this uncertain and inflationary environment.