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13 August 2024 | 2 replies
I am still interviewing more GCs out there and explaining to them the sheer opportunity they have in front of them if they can run the GC role correctly, endless work.
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13 August 2024 | 8 replies
Both teams provided outstanding service and played a crucial role in the success of this investment.
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11 August 2024 | 16 replies
Collin I did a whole slide deck presentation to a few reias back in about 2019 calling it the pivot I thought we were going to see the 10 year cycle start to level off and things slow..
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12 August 2024 | 8 replies
But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less) *new siding 30k (just put on a new roof this year) *legal 10-15k *fire proofing 15k * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home *big grocery store put in 3min away * newly paved road in front of my house *a building that was falling down across the street has been torn down * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.
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12 August 2024 | 1 reply
The Role of the Federal Reserve and Future Rate CutsThe Federal Reserve’s decision to leave interest rates unchanged at its July meeting has further fueled speculation about a potential rate cut in September.
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13 August 2024 | 55 replies
Actually I would still be interested in investing in Tarragona, I just pivoted to domestic investing for the time being, especially since covid halted any of my travel plans for the past year.
13 August 2024 | 7 replies
Have you tried working with a recruiter to fill the role?
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12 August 2024 | 11 replies
I would look to JV with other people if you want to own more equity and control.You can also sell an asset or two, and role the proceeds into a bigger asset.You can look at seller financing deals.
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19 August 2024 | 3705 replies
Should profits be split 50/50 as we would both have separate roles towards the same goal?
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10 August 2024 | 6 replies
I'm not having any luck selling it so I'm thinking of pivoting to a midterm and short term rental as a buddy of mine has had some success with his house in Paris Mountain and the 09 zip code in Greenville.