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8 November 2024 | 22 replies
Your expense ratio remains flat, and therefore doesn't really create much value in the deal.Compare your 2% rent and expense assumption to what most syndicators underwrite: 5% rent growth after an initial renovation bump; and 2-3% expense growth; and you get vastly different outcomes.As to whose assumptions more closely tie to reality is to be determined, but if you used assumptions more in line with what syndicators are using, I think you will find the return projections narrow dramatically, if not flip to SFRs.
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5 November 2024 | 4 replies
(Some of us have more than one...)So here you are.Your first step should be to get the facts and then reassess your options.You'll need realistic and accurate estimates of your ARV, your remaining repair expense, market rent, and total projected holding costs.If you run your numbers and you can still make this work as a rental, then great!
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4 November 2024 | 10 replies
If you put the property into an LLC after the fact, then the bank MAY call the loan (require you to pay off the remaining balance).
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7 November 2024 | 30 replies
She wants to take the profit and pay capital gains and the take the remaining !
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4 November 2024 | 9 replies
You will certainly need a mason to do tuck pointing and likely capping of any remaining pieces left.
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3 November 2024 | 56 replies
They needed my funds to satisfy the hud, my money is escrow was NEVER to be wired anywhere but only remain in escrow to complete $ need for HUD along with buyers lender.
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4 November 2024 | 10 replies
You can then create a follow-up plan for your contacts to remain top of mind.All the best!
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31 October 2024 | 8 replies
It's used to determine the cost of producing a product or service, and is a key tool for businesses to remain competitive and profitable.
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2 November 2024 | 20 replies
So, your tenant's financial situation remains stable.
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4 November 2024 | 34 replies
If they wanted to send a hard money pre-approval for half of the purchase, then either A) the lender needs to confirm that they verified the borrower possesses the remaining cash to close, or B) the borrower needs to show proof of funds for the remainder.