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4 September 2024 | 10 replies
Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.
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5 September 2024 | 16 replies
My brain want's to automatically assume rents were not collected, not that they were just sitting on your $$$$ because that, wow, that's a BIG problem and a VERY bad sign of things if that's the case.
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3 September 2024 | 4 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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8 September 2024 | 101 replies
You go to one of the nice new automatic washes with the free vacuum cleaners at the end.
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4 September 2024 | 9 replies
At 63 you will have to find ways to speed up the process - partnering, value add and finding extraordinary deals.
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3 September 2024 | 3 replies
The market’s picking up speed, with plenty of opportunities to find a great deal or get a good price for your place.
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3 September 2024 | 0 replies
The Windsor Dr deal highlighted the importance of speed and market awareness.
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3 September 2024 | 7 replies
As another mentioned about finding a better rate with the previous owners company, gone are the days of just automatically renewing insurance and a good syndicator should be shopping around for the best coverage/premium atleast twice a year.
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3 September 2024 | 17 replies
Enter recurring charges and automatic late fees.
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1 September 2024 | 0 replies
Market OverviewThe Los Angeles apartment market is comprised of 864,197 units in thirty-seven geographic concentrations ranging in size from the 62,684 unit Hollywood/Silver Lake submarket to the Tujunga/La Crescenta/Montrose submarket, which amounts to 5,448 units.