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1 November 2024 | 17 replies
You can also utilize a rate/term refinance option which allows for higher LTV typically and can be designed to include the closing costs, so you don't need to go out of pocket at closing.I'd also highly recommend looking to get your FICO to a 680 as most lenders will adjust terms and rates in intervals of 20's so getting to the 680 mark will help your terms significantly.
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12 November 2024 | 171 replies
If inflation outpaces the rental escalations the NNN DSTs will not hold their value and you'll more than likely end up getting absorbed into their UPREIT.I'd recommend looking at DSTs in more inflationary adjusted asset classes like multifamily, self-storage and manufactured housing.
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29 October 2024 | 11 replies
Timing: Complete the study within the property’s first tax year (by the extended tax fiing deadline) if possible; otherwise, a later study can use a catch-up adjustment but will be expensive.3.
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30 October 2024 | 4 replies
. --- Logically, this tells us they really don't have a means to pay or they have no intention of paying.2) How many somehow adjust their budgets to pay rent PLUS EXTRA to catch up!
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31 October 2024 | 12 replies
Column G - expected cash flow for total number of units at $100 per unit per monthColumn H - down payment need to acquire the new units at 30% downColumn I - adjusts how much down you would need assuming you saved the cash flow from the previous year and applied it to the current year's acquisitions.
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30 October 2024 | 11 replies
If you have a partner / other llc member you can adjust Operating Agreement accordingly to have one person credit qualify.
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4 November 2024 | 34 replies
That's not to say do not enter transactions, just don't adjust your requirements for acceptance.
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29 October 2024 | 2 replies
It's an active business, not passive so I believe that requires continually evaluating the property, adjustments to decor, etc may be needed as well to make sure I'm fully optimizing the property.I have a lot of home renovation experience from my own personal home and my LTR's already so I'm very used to this kind of work.
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29 October 2024 | 5 replies
If you aim too high with your pricing and the place isn’t renting out, be ready to adjust quickly to fill the spot.
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1 November 2024 | 17 replies
Your plan to increase by $200 gradually seems reasonable, and it gives tenants time to adjust.