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9 October 2024 | 312 replies
LOL , please use basic math in excel sheet :see the spread right there is very thin.You have apartment running at cap rate 3. you have bridge loan with SOFR running at 5-6%+1.2/1.5 spread.You have building worth 1 mil.
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2 October 2024 | 9 replies
So the question is have you guys ever used a hard money lender before do you recommend it or just figure out how to get the cash yourself or find properties that can go for conventional if the seller even considers it I own a contracting company and a moving/junk company so our projects I know for a fact I can do at a fraction of the cost as most investors but still I’m getting out bid to no end where I can’t see the money at all I’m not sure what there seeing but that’s a whole other story Anyways would love to hear from you guys if you used hard money lenders before and what to be careful with I’m just trying to see all my options Thank you in advance
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3 October 2024 | 14 replies
Most common you will see the following for MAX LTV; 80% on purchase, 80% on rate/term refis, 75% on cash-out refis.
30 September 2024 | 3 replies
What if people are interested and qualify and never indicate that they even need to see the place in person before willing to sign a lease?
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1 October 2024 | 8 replies
Well in managing an Airbnb, you must be willing to put in the work to see the results.
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2 October 2024 | 13 replies
On the pricing software you can see the exact yearly revenue for each specific property.
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2 October 2024 | 17 replies
Part of the job of a PMC is to own every aspect of property management and to see things through.
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4 October 2024 | 16 replies
See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.
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1 October 2024 | 0 replies
We continue to see the majority of sellers offering partial or full compensation of buyer agents.
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30 September 2024 | 4 replies
This would ideally include a video doorbell with an app that can manage both and see the cameras/recordings for both systems.