Roger Mace
How to Know if You Have a Good Private Money Broker
30 November 2024 | 0 replies
By gaining insight into the investor’s goals—whether it’s flipping properties, acquiring rental units, or developing new constructions—the broker can tailor their approach and identify the most suitable lending options.Once the broker comprehends the investor's needs, they leverage their extensive network of private lenders.
Caiden Mooney
Introduction and Seeking Advice on Best Way to Leverage $50,000
29 November 2024 | 7 replies
I would love to connect with local contractors regarding the possibility of building a new construction duplex or a modular home duplex.
Jessie MacDonald
Mold problem with tenants
27 November 2024 | 4 replies
Ask a home inspector for their mold guy if you don't have one already.If these are otherwise high maintenance tenants: offer them the opportunity to break the lease and move out with no penalty (besides damages, of course).
Jasmine G.
Financing first rental
3 December 2024 | 10 replies
Cash flowing at 5% down was possible about 3 years ago—but that ship may have since sailed.Now, you’re left with two options: you can either pony up more cash per deal, or you can potentially look out of state for markets with more favorable rent-to-price ratios.Or…you can wait for rates to decline, but I don’t know how much a 100 or 150 basis point rate cut in the next year will really move the needle.That said, some firms (usually new construction companies, turnkey providers, etc.) will enter into forward commitments with lenders at institutional rates and then pass cost interest rate savings onto end buyers to entice them to purchase a property.
Erich Hatch
Estimating Rehab costs
26 November 2024 | 9 replies
Second, I look at listing photos and Google Earth Street View to assess the condition further.Third, I determine a rehab scope and run it by my agent.I have my agent, inspector, and contractor walk the property together.
Nathan Gesner
Real Estate Syndications: Who's Taken the Leap and How Did It Pay Off?
17 December 2024 | 36 replies
I see far too many having effectively no co-invest once you net out the acquisition fee.David:We have the same definition of waterfall returns, so let me explain my reasoning.Ignore for a minute that many syndications have all kinds of fees, acquisition fees, construction management fees, refinance fees, disposition fees, etc, and assume that the syndicator is mostly focused on the returns they will make from the deal itself.
Christopher Warren
Multifamily Mindset $40k ????
10 December 2024 | 26 replies
It's just like a constructing a new building it's all the boring stuff not much to look at and seems to take forever.
Robert Ellis
What's Working for New Construction in Your Market?
20 November 2024 | 0 replies
I’m looking to connect with some great developers and ground-up construction pros out there.
Nathan Gesner
Are rents dropping in your market? You are not alone.
28 November 2024 | 26 replies
So percentage wise Jacksonville has seen a crazy amount of new supply being delivered which has affected rents.We also manage a portfolio of new construction homes in Palm Coast and Palm Bay and rents for those homes have dropped $25-75 depending upon floorplan and submarket and they’re taking longer to lease up compared to 2 years ago.A lot of Florida is having similar issues of stagnating or dropping rent, but it definitely depends on market, submarket, asset type, etc.
Sean MacDonald
Post Election Market Predictions?
30 November 2024 | 6 replies
New construction is sparse and only high-end homes.