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30 September 2024 | 1 reply
Fast forward to present time, I never got to complete the house and lost over $200K on the deal.
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1 October 2024 | 9 replies
Many flippers use private investors to fund deals, and structuring the arrangement properly is key to ensuring both sides feel secure.When pitching a private investor, the most important thing is to clearly present the deal.
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30 September 2024 | 9 replies
What they will do if your DIY-ed cost segregation is audited is they will send you an engineer (you pay travel costs) to conduct a "real" cost segregation study and present it to the IRS instead of yours.5.
30 September 2024 | 3 replies
If it's vacant and really needs cleaning/repairs, then I'll wait until it's more presentable.2.
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29 September 2024 | 17 replies
So you’ll be at least presentable when you apply for mortgage financing. 8.
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1 October 2024 | 12 replies
I assume you could take a similar approach with Redfin, Realtor etc etc.There are STR sites like Rabbu that present deals regularly but not sure if these are sold furnished.
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30 September 2024 | 5 replies
They are harder to sell, which presents additional risk.Finally, there could be refinance risk.
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30 September 2024 | 17 replies
There's nothing like the present.
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2 October 2024 | 17 replies
I would really appreciate if you can share your present experience with Nomad Lease.
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28 September 2024 | 5 replies
For most multifamily, I'm seeing on 30 year amortization to boot.Reminder for the lurkers that this has nothing to do with single family homes, 1-4 unit residential all gets residential mortgage financing, which isn't presently as good as commercial.Odd world where the 8-unit property has a payment that is less than twice as much as the fourplex, even though it pulls in twice the rents, and has less than twice the maintenance expense (the price of the fourplex is likely to be more than half the price of the 8-unit, and more than 1/5th the price of OP's 20-unit, holding constant location etc, but that's another rant for another day).