
14 August 2024 | 0 replies
Selling them together at a 9% cap rate would likely be successful as 8 units are unusual and the price point ($775,000) makes them accessible and unique for someone with a smaller amount who is getting started in bigger buildings What made you interested in investing in this type of deal?

14 August 2024 | 0 replies
Selling them together at a 9% cap rate would likely be successful as 8 units are unusual and the price point ($775,000) makes them accessible and unique for someone with a smaller amount who is getting started in bigger buildings.

15 August 2024 | 7 replies
Follow the rules, stay close to market rate, and move on.

14 August 2024 | 6 replies
It's seamless, makes tracking revenue and expenses very easily, provides me with bank account options for all of my properties as well as virtual credit cards AND a hefty interest rate on savings.

15 August 2024 | 6 replies
To buy a BIG property today, you will need to take on extreme leverage, make a big bet, convince mulitple other people to hand you hundreds of thousands or millions of dollars, and then you have to be right, inside of a 3-5 year timebox, about your projections, supply, demand, expenses, and cap rates.

15 August 2024 | 4 replies
My advise is to start with single family or a small multi-family ground up project first but this market environment is truthfully not the time to be completing any ground up projects unless you are self performing the construction which it doesn't appear you are in a position to do.There was a recent Philadelphia forum chain started by someone else who was contemplating ground up in a similar fashion to what you are proposing and I cautioned they would be better off buying something that was newly built and believe after conducting their own diligence realized it was too cost prohibitive at this time to build with 3rd party GC's in Philadelphia when also accounting for the interest rate environment and cost to build.

14 August 2024 | 1 reply
You’re borrowing against the equity in your home, so the money is not income but rather loan proceeds that you’ll need to repay.The pros of a cash-out refinance for most investors include the ability to build their portfolio and scale their real estate investment business.The cons could be trading a lower interest rate for a higher one and increasing your loan-to-value (LTV) ratio.

14 August 2024 | 10 replies
As I matured in my career I have expanded my lender network and product line with the goal of carrying a very wide variety mortgage products at the best rates.

13 August 2024 | 2 replies
You will pay higher financing fees etc.

13 August 2024 | 2 replies
This covers the purchase price of the property, any required down payment, the cost of the renovations, and any other costs like holding and closing fees.