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2 August 2024 | 14 replies
Common terms for private money loans include interest rates ranging from 8-15%, short-term durations (usually 6-24 months), and LTV ratios around 65-75%.
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4 August 2024 | 30 replies
@Rami Latif - they might extend it if you need more time to come up with the cash
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1 August 2024 | 2 replies
Relocated the laundry room, Finished the basement, made the kitchen and living room an open concept, extended the deck and added a back patio door, and more.
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29 July 2024 | 5 replies
I have a tenant who hasn't paid rent for the past two months. I need to issue an eviction notice. I understand that the first step is to provide a written notice. How many days' notice should I give? Additionally, cou...
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31 July 2024 | 8 replies
They're designed for owner occupants but could be something in which you occupied for a duration of time and then converted to a pure investment later.
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1 August 2024 | 13 replies
I would make sure you have a good lease, since the tenants will have rights for a stay of this duration.
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30 July 2024 | 2 replies
Essentially, the cap rate is the proportion of Net Operating Income (NOI) to the property's value or selling price:Cap Rate = Net Operating Income (NOI)/Property ValueThis ratio offers a direct method to evaluate the yield a property generates in relation to its cost.For advanced real estate investors, integrating additional factors might prove beneficial:Vacancy rate: The duration the property remains vacant.Operating expenses percentage: Includes insurance, utilities, and maintenance costs (excludes mortgage payments, depreciation, or income taxes).The adjusted formula for net income, incorporating these considerations, is:Net Income=(100 − Operating Expenses %) ×(100 − Vacancy Rate %) × Gross Income
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31 July 2024 | 3 replies
Something else I noticed on the first page of Offering is "The notes are being offered until the earliest of...[] December 31 2024, which may be extended in our sole discretion, or the date on which we terminate the Offering."
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1 August 2024 | 15 replies
Your one-bedroom condo may not be a great fit for insurance company relocations (for families displaced by fires), but if your other rentals have two-three bedrooms this may be another way to fill your rentals.I haven't done this, but follow a MTM guy on YouTube that suggests driving by the local "Extended Stay" hotel and looking for company vans in the parking lot.
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30 July 2024 | 5 replies
If you want a small-multi look for a larger house with a guest house (or ADU has they call them in California) and then try to rent it to an extended family. warmest, Susan