2 May 2024 | 17 replies
RE is not a magical business that prints money no matter what.
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3 May 2024 | 3 replies
Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
3 May 2024 | 7 replies
Folks don't go broke taking a profit.That said, if real estate is a long-term business for you, maybe start portioning cash flow into capx so these issues/expenses aren't as worrisome.
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3 May 2024 | 8 replies
It really can make or break the success of your STR business.
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2 May 2024 | 4 replies
.- then we typically have "rent commencement" or when you start paying rent, to be the earlier of either 180 days following lease commencement or when you are open for business.
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1 May 2024 | 10 replies
Many of us regularly see aggressively modeled exit caps...and the +10 basis points per year rule of thumb is arbitrary.
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2 May 2024 | 5 replies
Should be no problem deducting this business expense.
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30 April 2024 | 6 replies
I want to automated this process for my business.
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2 May 2024 | 5 replies
Agreed, I am going to call during normal business hours just wondering if anyone has experience with this - Milwaukee area - thanks!