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16 January 2025 | 6 replies
Increase the occupancy rate to 80% or higher over the next 12 monthsto increase the value.
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22 January 2025 | 1 reply
This could cost around $500 to $1,500 per unit, depending on the size and complexity of the project.Certifications: There may be additional costs for certifications (such as HERS ratings) or third-party testing to verify the energy efficiency of each unit.For a 90-unit project, you could be looking at costs in the range of:$45,000 to $135,000 for energy modeling and certification (depending on the cost per unit).For a 112-unit project, the costs would likely be:$56,000 to $168,000 for similar services.Tax Credit Calculation:If you meet the energy standards, you can claim up to $2,000 per unit.
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18 January 2025 | 12 replies
Rent, Expenses, NOI, Cash Flow, COCR, Cap Rate, Market cap rate.
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29 January 2025 | 8 replies
If you own this as a rental then there is not homestead exemption and you'll pay much higher tax rate than a resident/owner occupant in SC.
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14 January 2025 | 9 replies
@Stephen Fleming your cashflow probably won't be what you think it will be:(Have you factored in the new property taxes at homestead millage rates?
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23 January 2025 | 3 replies
The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?
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23 January 2025 | 30 replies
"District South was financed with a fixed interest rate construction loan from our partners at First Financial Bank NA.
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23 January 2025 | 1 reply
You could bring less down and possibly have a lower interest rate since you will be living there.
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13 January 2025 | 11 replies
Credit score and loan size can also affect what rate you may find.
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16 January 2025 | 10 replies
This year is slower than normal because mortgage rates and home prices are so high.