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6 January 2025 | 0 replies
By providing the necessary funding and covering renovation expenses, we ensured the project stayed on track and within budget, leading to a profitable outcome.
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31 December 2024 | 3 replies
Quote from @Kevin Sobilo:Monthly Rent + Monthly Debt Payments <= Gross MONTHLY Rent * 45% Obviously I made a typo.
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10 January 2025 | 20 replies
So he needs to be more ITM than the 1.25:1 ratio.With that said, to answer the question-- figure out your debt or income.
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6 January 2025 | 5 replies
There are a bunch of ways to do this depending on the property type, usage, and you (income and credit scores).If this is a primary residence, you can get up to 90% of the value of your home minus any exisitng debt.
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5 January 2025 | 2 replies
The PPM and Docs are customized for your project so you will need to have it outlined upfront on the structure and payout (is it pref equity, debt and the capital stack etc).
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5 January 2025 | 4 replies
This also leads owners to ASSUME simpler is better when it comes to management contracts.
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4 January 2025 | 19 replies
Seems like you should not have to but showing they broke house rules leading to damage may help.
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7 January 2025 | 3 replies
The biggest issue is that forgetting to assign a location or choosing the wrong one can mess up your balance sheet, leading to inaccuracies.
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8 January 2025 | 14 replies
I've noticed that going to brokers usually leads to the same wholesalers so it's not as useful.
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11 January 2025 | 2 replies
Don't get me started on the national debt and the amount we pay in interest each year.