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Results (10,000+)
Olivia Kaplan Selling lots with Landtrade.com
6 December 2024 | 2 replies
Has anyone ever been approached by Landtrade.com?
Ellen Marshall Purchasing an Occupied Duplex but want to House Hack
6 December 2024 | 2 replies
Keep in mind, though, that this approach comes with higher down payment requirements and interest rates, which may not be as favorable
Shawn Parsh Social Media Marketing Advice
9 December 2024 | 12 replies
YouTube is a great platform for marketing, and starting out can feel overwhelming, but it’s manageable with the right approach.
Katharina Bormann General non-responsiveness from tenants in adhering to agreement
10 December 2024 | 9 replies
If you go to court, there's some cost to that and you'd be risking more escalation if they sought counsel as well.My approach for problem tenants is just appease them if the cost is minor and then not renew the lease, or even cash-for-keys if necessary.
Alec Nault STR Property Partners - Property Management Group
9 December 2024 | 15 replies
While no service is one-size-fits-all, we’re confident in our ability to deliver exceptional results for clients aligned with our approach.  
Kishan Korsapati Newbie - Philadelphia RE
4 December 2024 | 5 replies
I will be blunt and tell you that it sounds like your approach is a bit naive.
Keaton Sheffert First Time Attempting to Re-zone Land - Advice Needed
14 December 2024 | 13 replies
I ultimately obtained a variance to build 12 townhomes and 18 condos reliant on my hardship case and by agreeing to take responsibility for replacing the retaining wall in a re-designed terrace approach that stepped the wall back from the most immediate neighbors which was a rounding error once applied to the overall project budget.
Drew Giltner Help me analyze this deal
5 December 2024 | 4 replies
I run sum numbers for you please see comments below before refinancing and post refinancing .If I were in your position, I would approach it as follows:Initial Investment Assumptions: Market Value: $360,000 Purchase Price: $360,000 Equity: $0,000Financial Breakdown: Hard Money Loan (LTV 100%): $360,000 Interest Rate: 10% (30-Year Amortization) Monthly Payment: $1,995Upfront Costs: Origination fee (1%): $3,600 Closing Costs (3%): $10,800 Renovation Costs: $10,000 2 Month of Carrying Costs During Renovation: $5,390Total Upfront Required: $29,790Total Capital InvestmentPurchased price $360,000 Upfront Costs $29,790Total: $389,790To make this investment work, you need to rent the whole property for at least $3,165/month, refinance it let say after one year with 5% interest with a traditional mortgage.Year One Rent: Monthly Rent Income: $3,165 Monthly Rent Losses during renovations (2 Months): -$6,330 (-$527/month distributed over 12 months) Total Rent Income: $31,650 per year => $ 2,638 per monthMonthly Expenses: Hard Money Loan Payment (10% Interest): $1,995 / per month interest only Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $292 per month Assuming 0% Vacancy first year Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $2,637Monthly Net Cash Flow: $1Post-Renovation Refinancing Strategy:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate your initial investment of $29,790 plus your 360k debt into a mortgage.
Maya S. Refinancing a NNN
7 December 2024 | 35 replies
Quote from @Chris Mason: Rather than starting with one lender and going back to the tenants, another approach would be to work with a commercial mortgage broker who will put the full credit package in front of 10 or a dozen lenders, and see what they come back with.For example, for scenarios like this, I've seen lenders come back and offer a new loan that has a maturity that's coterminous with the lease.
Jason S. Flat Broke and No Funds...What to do???
11 December 2024 | 68 replies
Ditch FM radio, and/or sport radio, and start in hard on the podcasts.