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27 November 2024 | 8 replies
What about keeping it way it is and hiring a PM.I would either option A or option C and lean toward option C, while take tax hit etc. and others its done and do not need the mental strain
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4 December 2024 | 32 replies
Aside from educating yourself, the next steps are to honestly assess yourself and see where you best fit into the equation and to build sponsor relationships because these will be very important for you as you start out.If you determine that you're best suited for the "finding money" part, then the content approach is a good way to get your name out there.
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10 December 2024 | 100 replies
Determining a list price, photos, advertising, sometimes staging and open houses, arranging tours…what else?
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3 December 2024 | 15 replies
These items will vary from DSCR Lender to DSCR Lender and can also be determined by things like your credit score, property type and its DSCR ratio, etc. 3% origination cost is very high for DSCR as well unless you are essentially "buying down" the interest rate quite a bit (trading fees for a much lower rate over the life of the loan)I have also been told by multiple people that I should create an LLC or Trust.
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27 November 2024 | 11 replies
A DSCR refi would depend on how long you have had the loan and what the prepayment penalties might be.To determine whether a DSCR refinance is advantageous while considering prepayment penalties, follow these steps:1.
27 November 2024 | 7 replies
It depends how much income you are getting in a year to determine the max loan you can get from a lender.
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4 December 2024 | 33 replies
Determine investment strategies like buy-and-hold, short-term rentals, BRRRR, or partnerships, analyze numbers, consider creative financing options, build a strong team, and start small and pivot as needed.Good luck!
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27 November 2024 | 9 replies
Once you get a flavor for lending options you should run a proforma and determine how much return the project will be able to generate on its's own and how much return will be left for LP investors if you go the syndication route.
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26 November 2024 | 15 replies
Your scattered approach is going nowhere fast (analysis paralysis) and is highly likely to result in someone taking advantage of you:(Recommend:1) Figuring out what investment approach suits your skills & risk tolerance2) Determining where in the US to apply your chosen approach3) Learning everything you can about that market4) Networking & building contacts & team in the market5) Doing a "test" investment in that market to make sure your expectations are met6) Investing more if your expectations are met.-- If not, go back to step #1 as you many have chosen the wrong approach!
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28 November 2024 | 4 replies
The closing attorney or Title company may be the determiner for an answer and usually at this point in the process as an agent I'd defer to them.As an investor, I think I'd want all this squared away before closing so maybe check with the attorney/closing company.