
17 May 2024 | 3 replies
I have Rehab and hold 2 properties and rehab / flip 3 including a duplex.

17 May 2024 | 4 replies
If I remember correctly the liens are only good for a year or two, so even if they file, if you're holding the property for a while, maybe not a huge deal.

16 May 2024 | 158 replies
Mine was an MBA, CPA, CFA, and holds multiple other profession accounting designations that are more sophisticated than a CPA.

18 May 2024 | 18 replies
It is easy to underestimate your rehab budget and your timeline leading to more holding costs.Or you could explore partnering with someone who has experience in the area and capital to also invest.

17 May 2024 | 17 replies
We use Autohost to automate this process via an online check-in system: https://www.autohost.ai/You can also use it to gather additional information and place a hold on their credit card, similar to a hotel.The one downside of Autohost, is that it doesn't have an automated way to collect the ID for all the adult guests (although it collects names + email from the guest).Finally, Autohost can also be used to have the guests sign your rental agreement and agree to your house rules.

16 May 2024 | 74 replies
And what kind of deals are you finding as far as buy and hold or BRRRR deals?

15 May 2024 | 20 replies
@Ravi KaruturiRavi, a Project with a $10M “all in” cost will typically support a 70%-80% loan to cost (LTC).This means that you can borrow $7M-$8M which means that you will have to invest an equity infusion of $3M-$2M.More fundamentally, if you are asking a question like this, your priorities need adjusting.Raising capital from whomever, and especially from friends and family must come after you have acquired and can demonstrate the skills necessary to build a $10M ground up development.I believe that if you pursue a plan to raise the equity required that you will find it very difficult to secure bank debt without a track record and or the skills noted above.Feel free to reach out to me if you want to talk.

15 May 2024 | 5 replies
If you are interested in this being a real level of asset protection, with someone to support you in setting it up the way that will accomplish your goals, hire an attorney.

16 May 2024 | 7 replies
Currently, when I include both refinance and sale proceeds, I get an unrealistic XIRR of 49%, while the average cash flow throughout the investment (7-year hold period) sat around 8%, and this seems incorrect to me.

17 May 2024 | 3 replies
However, if your LLC has title insurance and you issue a warranty deed then you might be able to hold the LLC responsible for the issue and make the title insurance handle it, but if you use a quit claim deed that wouldn't work.