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27 June 2024 | 11 replies
Not a terrible idea, but here's where I would urge you to exercise some caution. 1.
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27 June 2024 | 26 replies
@Linda Weiner, you can exercise that exemption only once every two years.
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26 June 2024 | 7 replies
With this strategy, you initiate contact with the homeowner, go under contract, and you can either close with them and buy the house yourself, or you take on the role of a wholesaler and assign the contract to another investor.
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28 June 2024 | 41 replies
The 1031 exchange must be performed by an unrelated 3rd party whose only role can be performing the 1031.
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25 June 2024 | 1 reply
I see dozens of AirBnB rent roles for active listings monthly and on average, a well run STR rental generates roughly 10%+ of the properties valuation in gross annual income.
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28 June 2024 | 100 replies
>>>>>>>>>>>>>>>>>>>>>Multifamily bridge loans:Loan Size:$1 million and upLoan Term:Short-term, typically ranging from 6 months to 3 yearsMost common range is 12-24 monthsExtension options may be availableInterest Rates:Higher than permanent financing, often in the teensRates vary based on creditworthiness and collateralGenerally 7-10.5% for multifamily, 15-24% for other commercial propertiesAmortization:Typically interest-only paymentsMaximum Loan-to-Value (LTV):Up to 75% of total project costCapped at 70% of the completed or stabilized property valueFees:Origination fees, legal fees, closing costs typically 1.5-3% of loan amountFees can include appraisal, administration, escrow, title policy, and notary chargesOther key characteristics of multifamily bridge loans:Fast closing process, with funds available quicklyEligibility based more on property value than borrower creditOften used for acquisitions, renovations, lease-up, or repositioningProvided by private lenders, venture capital firms, and commercial real estate lendersNeed to be refinanced or paid off quickly via sale or permanent financing>>>here is how extension options can impact the overall cost of a multifamily bridge loan:Extension fees: Exercising an extension option on a multifamily bridge loan typically requires paying an extension fee to the lender.
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24 June 2024 | 26 replies
I'm applying for various Leasing Administrator and Assistant Property Manager roles, although it's a slight career switch from my normal day job as an executive assistant.
23 June 2024 | 1 reply
It’s been an exhilarating journey, and one aspect I’ve found particularly fascinating is the critical role of property management in optimizing investment returns.
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24 June 2024 | 4 replies
The financials of the property along with the applicants credit and investment history will play a role in the pricing of the loan and loan to value limits.
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22 June 2024 | 5 replies
Hello - I have few friends that are buying empty lots around us, playing a role of GC to build a house (have learned it over the years with education and experience) and sell it.