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16 October 2024 | 6 replies
You can 100% refinance into a DSCR loan and close/vest in your LLC, however, I would imagine the rate is likely worse than what you have now with the conventional loan which would impact your monthly cashflow.
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15 October 2024 | 9 replies
When I closed on my first duplex in Harrisburg, Pennsylvania in August 2017, "the 2% Rule" was the gold standard for determining whether a property would cash flow.
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16 October 2024 | 6 replies
Closed last week on another SF, and today we close on Duplex, then another next week.
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16 October 2024 | 32 replies
As an extra level of protection You could try and save up a few months of what the potential mortgage will be to give you peace of mind.
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19 October 2024 | 16 replies
They told me to collect the fee up front which obviously I cannot do.
14 October 2024 | 4 replies
Account Closed I purchased a vacant lot a few months ago and am looking to build.
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15 October 2024 | 2 replies
For a $35M property, this equates to about 1.43%, which is slightly higher but still reasonable.Market Norms:In some cases, commissions for very large transactions can be negotiated lower, especially if the property is expected to sell quickly or if the broker anticipates minimal effort to close the deal.The presence of a flat fee for properties above certain thresholds is not uncommon and can provide predictability for both the seller and the broker.Conclusion:The commission structure provided in the image appears to be fair and within the typical range for large commercial real estate transactions.
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20 October 2024 | 4 replies
These agreements can last for up to 80 years, and you can transfer or sell the lease, offering flexibility.
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21 October 2024 | 13 replies
The best part is that the debt will be reported to the credit reporting agencies and it will stay on the tenant's credit report for up to seven years.
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13 October 2024 | 15 replies
Hi,We are closing on our second short term rental in Oakhurst this month.