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7 February 2025 | 14 replies
Make sure you know the impact that adding an ADU will have on any rent control. 12) investors seldom include the land value in the overall ADU costs.
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19 February 2025 | 171 replies
Grocapitus has an absolutely stunning profit track record over 7 exits (see below) and 800+ happy investors in 31 projects.Can you please update the track record to include failed and delayed projects for Grocapitus.
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28 January 2025 | 15 replies
If you are going to offer cash for keys, put it in writing with specific expectations, and include a penalty if she fails.
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1 February 2025 | 14 replies
Do you include specific clauses in each of your subject to deals spelling out exactly how insurance on the property will be handled?
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19 February 2025 | 27 replies
I only include properties at 12%+ yield which is calculated as projected income / asking price.
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26 February 2025 | 40 replies
Store’s biggest tenants include the AMC Entertainment movie theater chain, an Applebee’s restaurant franchisee and an Ashley Furniture HomeStore franchisee."
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27 January 2025 | 5 replies
If you want to develop it, I can refer you a lender that will lend on a completed subject to appraisal but you'll be limited if you just want it for the lot.If you simply want the land as part of your property, you have more options including a HELOC which you can still use for development down the road.
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31 January 2025 | 20 replies
I have seen it backfire when companies attempt to get posts removed, including with legal threats.
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3 February 2025 | 12 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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24 January 2025 | 8 replies
Full gut renovation, including but not limited to full replumb, full rewire, complete mechanical upgrades, and new apartment finishes from studs.