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11 July 2024 | 12 replies
The “effective rate in the amortization schedule starts to balance out”This is a misunderstanding of time value of money and amortization.
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13 July 2024 | 2 replies
It will give you the time to adjust your pricing strategy during different seasons and give you time to gather reviews which impacts your booking rates.
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14 July 2024 | 12 replies
it is not just a think but the best way to overcome interest rate hike in owner occupant home is to househack, regardless it is SF or MF.
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14 July 2024 | 7 replies
Admittedly I am a tracker and love to analyze mundane things like burn down rates to predict when I need to bring more supplies to the property.
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12 July 2024 | 12 replies
It was a hybrid between a HELOC and an equity loan but I wound up refinancing to a larger amount with fixed rate conventional loan (to pay for a renovation).
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12 July 2024 | 3 replies
Please find some details belowAcquisition fee - 5%Asset management fee - 3% of gross incomeconstruction & oversight mgmt fee - 5% of rehab budgetdisposition fee - 1.75%guarantor fee - 2.5% of loan amountPref is 10% with 60/40 split unto 15% IRR and 50/50 there on.This is my first deal in the RV space so not sure what's the norm, so would really appreciate some guidance/feedback. # of fees looks standard but the % are slightly higher than what I have seen in the past (1-3% being normal).
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14 July 2024 | 17 replies
It sounds like you won't have any trouble qualifying..In Oregon there are some tenant laws that can restrict active CAP rates, but those with current market rents (or that can attain them near term) can approach double digit return rates.
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15 July 2024 | 19 replies
Best advice with contractors is always warranty, insurance, pay with card(if theres a 3% fee so what) and no large deposits.
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13 July 2024 | 9 replies
I am not keen on returning any of this money back to the main tenant as it is very evident that the damage he has caused on the property with a rotating cast of characters and a pet is likely significantly higher than $2000.5) Legal fees and other costs: Can we include a demand for unpaid rent, legal fees, and other costs in the eviction process for our tenant or does this have to be a different suit?
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15 July 2024 | 22 replies
., Conner Real EstateFranklinFranklin REI MeetupsLocal Brokers: The Ashton Real Estate Group, Synergy Realty NetworkNext StepsNetwork Actively: Attend meetups, join online forums, and reach out to brokers and agents.Conduct Market Research: Understand the specific dynamics of each market, including rental demand, vacancy rates, and local economic factors.Visit the Markets: If possible, visit these markets to get a firsthand feel of the neighborhoods and potential investment opportunities.By connecting with local investors, brokers, and agents, you'll gain valuable insights and find opportunities that align with your investment goals.