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28 January 2025 | 1 reply
Known for his sharp financial expertise, Bessent has introduced an ambitious “3-3-3” economic plan aimed at reshaping the U.S. economy.
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27 January 2025 | 6 replies
The borrower's financials play a big part as well.
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13 January 2025 | 30 replies
Let's assume that the neighborhood is a C class and the median income of the city is greater than 3X of the market rent.Here are some of the considerations I've come up with so far:- Units are in need of renovation and capex is too high or not available- Unit quality is not the same as market - Seller is worried about losing tenants due to increase- Vacancy rates are high or filling units have been difficult- Rent increase would take multiple increases over multiple lease periods to get to market rate if seller is trying to retain the same tenant- Seller inherited property and just want to liquidate- Seller needs to liquidate quickly (financial burden, sickness, quick exit from land-lording)It seems like I might be missing a warning sign about a deal if they are selling with current rents that are under market; but again, this seems to be most of the properties I've underwritten.And in the same vein, what should I be worried about when purchasing a deal with under market rent with the intention of raising them after purchase.
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9 February 2025 | 18 replies
Hiring a 20 year old agent is similar to hiring a 20 year old financial adviser.
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26 January 2025 | 9 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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17 January 2025 | 7 replies
Even if a title company were to manage the setup making sure all parties are paid, the cheap debt and cash flow would not be enough to be enticing to any investor even if midterm rental could yield a healthy return.
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28 January 2025 | 6 replies
I’m just getting started and looking to soak up as much knowledge as possible—whether it’s about finding good deals, managing renovations, or understanding the financial side of things.
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19 January 2025 | 7 replies
From experience, I’d recommend getting pre-approved, improving your debt-to-income ratio if needed, and researching local assistance programs.
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20 January 2025 | 3 replies
A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.
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9 January 2025 | 116 replies
Greenock Financials 2018 2021 Revenue $60,030 $64,640 Gross Potential Rent $62,400 $67,200 Avg.