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23 December 2024 | 24 replies
Also be aware that cash out refinances typically have slightly higher rates than initial purchases or just rate and term refinances.
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19 December 2024 | 8 replies
The insights gained from these projects have validated our initial assumptions about cost savings and construction efficiency.Future Vision:We're now developing a complete senior community model that combines:Affordable container homesCommunity-focused designSustainable practicesScalable business modelInvestment Perspective:From my fund management experience, I see three key advantages:Lower capital requirements than traditional developmentFaster time to marketMultiple revenue streams (sales, community fees, services)I'm sharing this to start a discussion and get feedback from the BP community.Questions for discussion:What challenges do you see in this model?
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22 December 2024 | 23 replies
Quote from @Brett Jurgens: @Jay HurstThanks for responding3.75%, 30yr fixedLike others have said, with that interest rate your best bet is probably to do a home equity line of credit (HELOC) to put towards an investment that you can quickly recoup your initial investment on.
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15 December 2024 | 4 replies
During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.
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15 December 2024 | 5 replies
For example, instead of an initial 6-month lease at $1,200/month, and then re-renting it in the summer with a higher rental rate, you could market it as a 16-18 month lease term (again, great suggestion by Tim) at $1,600/month with a "1 Month of Free Rent" special which you could either divide evenly across just the first 4-6 months of the lease, or prorate over the entirety of their lease term.
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11 January 2025 | 67 replies
It requires you to due diligence on the investor group initially and the deal itself, however, after putting in money, there’s not a lot you can do.
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19 December 2024 | 13 replies
Quote from @Jaša Rot:Hey Jasa, I would imagine there are going to be a bunch of folks jumping in there to lend their expertise, so just because I'm first, doesn't mean I'm right, but: Generally that initial loan needs to be secured by real estate.
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18 December 2024 | 12 replies
I'm worried that the initial promo bump is over and we are in Airbnb purgatory.
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20 December 2024 | 10 replies
Initially after management fees, repairs and PMI i was losing about $250 per month.
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17 December 2024 | 11 replies
Then I take notes and move the Meeting forward in my calendar as needed.EXAMPLE:Name: Bob Smith Phone: xxxxxxxxxx Email: xxxx@xxx2022-04-12: rcvd employment application, sent to HR for background check2022-04-10: Initial phone interview, moving forward with questionnaire2022-04-08: Received resumeSo, what do you need besides this to better organize you