
6 June 2024 | 16 replies
Their properties run roughly 10-25% Cash on Cash return and 7-11% CAP rate.

5 June 2024 | 4 replies
As this is a huge factor in determining the LTC & rate of the project.

4 June 2024 | 7 replies
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5 June 2024 | 9 replies
I know some markets are still very hot but it's definitely cooled down a lot here since rates went up 2 years ago.

5 June 2024 | 7 replies
I think the answer likely falls in this: what does the market call for in that area and type of home, and what are successful PM companies doing to reduce vacancy rates?

5 June 2024 | 0 replies
We had 85%+ occupancy and higher than average nightly rates, and our financials supported our sale price of $417,000 in October of 2023- the highest selling condo in the entire complex.

5 June 2024 | 2 replies
There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?

5 June 2024 | 4 replies
Yes 100% pro-rate the rent.

6 June 2024 | 23 replies
While the easy explanation is that you have a superior property, from the appraiser and bank's POV, I could see them arguing that you will not be able to renew at that rate, and since your loan is outstanding longer than this lease term, they should not underwrite entirely to an above market lease rate.

5 June 2024 | 5 replies
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