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31 May 2024 | 4 replies
As someone who has been working with investors for quite some time now some advice I would give you is to learn the lingo & things to learn1% rule75% ARVHow to calculate ARVHow to run rental compsHere is a fantastic website I use for all of my in state and out of state investors.Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onhttps://www.areavibes.com/Here is my rating & classification for each livability score. 80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F
31 May 2024 | 6 replies
Aaron,No you will not find a Bank/Lender that will go into 3rd lien position if you if did I would not want to see that rate in terms of "High".
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31 May 2024 | 8 replies
@Jim Miller Lenders tightened requirements and limited products since rates went up.
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31 May 2024 | 16 replies
Even with the ban on new short term rentals, long term rentals are yielding incredible cap rates.
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30 May 2024 | 2 replies
The answer is in the published terms of sale.Find a title company that understands that all that matters is that the sale proceeds wire transfer goes to the correct party.
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31 May 2024 | 9 replies
Quote from @Brandon Slaubaugh: If Duck Fund doesn't work out, I often find EMD for wholesalers.Reach out if you need funding.I would love to know more, such as rates, do the lend in NYS etc.
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1 June 2024 | 9 replies
If you can positive cash with today's interest rates, and you buy in a growth market, then you'll have a winner.
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31 May 2024 | 2 replies
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1 June 2024 | 4 replies
In some cases, the reverse will be true and high activity levels may lead to an increase in the published rent rate.
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31 May 2024 | 10 replies
Lots of headwinds facing real estate, like the following: Inflation Consumer Debt Lack of consumer liquidity-- renters don’t have first and last month’s rent, let alone a down payment to buyOwners interest-rate lockedOversupply of class A multifamilyStagnation of rent growth on assets aggressively underwritten at acquisition Maturation of term debt combined with stagnant rent growth against a backdrop of rising debt rates =investors unable to meet basic debt coverage service ratios on refinance Market normalization forcing operators and investors to rely on market fundamentals (recently) forsaken, while prioritizing expediency of deploying capitalInstitutional and local investors are both frozen by volatility and cost of capital and debtAll that being said, we feel good about B and C class assets we focus on and the markets we are in. let's connect soon