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18 January 2025 | 9 replies
I'd estimate your cash flow after you pay the loan payment would be $600-$800, which a lender that understands investment real estate should give you some credit for on your DTI.As for a bank, I have a specific lender at NBI that I would recommend.
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23 February 2025 | 19 replies
I want to mention that the $16k quote includes all new trim around windows & doors, a $3,500 addition to proposal.
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23 February 2025 | 13 replies
Unless you suddenly become a stellar STR Host and property (requiring additional spending), why not sell and make some better financial decisions....
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22 February 2025 | 7 replies
You can increase returns with leverage (that is a mortgage) or with value add (renovations, additions etc).I think cap rates (rents minus expenses divided by purchase price) on commercial and industrial is higher with less work involved, but its more expensive than I can afford--so I know next to nothing about that land.
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20 January 2025 | 31 replies
this is basically the business credit coaching partner that works with you over the course of 12 mos. to help you build up business credit for your company.
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30 January 2025 | 0 replies
.- Institutional Capital & Private Equity: By moving from hard money to institutional financing, you can secure larger credit lines with better terms.
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30 January 2025 | 6 replies
When evaluating a property management company, it's important to look beyond just the management fee and consider the full scope of services and costs involved.For example, at our company, we charge a 10% monthly management fee, a $250 lease renewal fee (unless it’s a takeover tenant, which requires additional effort to establish a strong relationship - because usually people are changing pm companies for a reason), and the first month’s rent as a leasing fee.
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5 February 2025 | 4 replies
I intend on sending the tenant a bill for the exact repair cost as "additional rent" (per the lease) instead of evicting in the winter and deducting from the security deposit.
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24 January 2025 | 1 reply
I own the property free and clear and i use the equity as part of my business line of credit.
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7 February 2025 | 14 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.