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25 November 2024 | 8 replies
This significantly lowers the cost per door and improves your return on investment.Scalability: A three-story walk-up design allows you to maximize your build cost and land use, just like most professional apartment developers do.Control with New Construction: Starting with a new build ensures fewer risks, as you’ll have control over the property’s condition and avoid surprises from existing structures.Pro Tip: If you do go with an existing property, make sure to thoroughly vet the deal to avoid hidden costs and issues.For first-time investors, multifamily new construction is often the best way to scale quickly, reduce costs per unit, and build a sustainable rental portfolio.
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1 December 2024 | 32 replies
Take for instance an “A” located 1 +1 duplex where units rent for $2,000/m and compare the building to an identically designed “C” located 1+1 duplex in the same market where units rent for $1,200/m.
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28 November 2024 | 22 replies
Just about as popular as BlockBuster Video's Late Fee.There's a completely different movement in MF charging called "low power L2".
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4 December 2024 | 32 replies
Studying for and receiving the CCIM designation will be a solid plus.
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26 November 2024 | 19 replies
Too many investors overpaid for STRs in popular vacation destinations and painted themselves into a corner where the property only works as an STR.
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25 November 2024 | 19 replies
I have some web design skills (I'm an engineer, so easy to learn new programming languages) and I'm currently testing my new system to manage the tenants.
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23 November 2024 | 4 replies
Appfolio, Rentvine, and Buildium are all popular.
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26 November 2024 | 31 replies
For higher yields, buying into short-term rentals in popular areas could be lucrative.
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21 November 2024 | 39 replies
Some of the simpler asset protection solutions would include the following: having max funds allowed in qualified retirement plan or IRA rather than personal as retirement plans are exempt assets in Federal and most state bankruptcies; investing through an annuity if your state (Florida and Texas for example) exempts insurance policies and defines annuities as an insurance policy; taking advantage of maximum homestead exemption in your state; use of corporations or more popular LLC or Series LLC to limit liability to the entity holding the asset; reasonable liability insurance if available; separating asset ownership from asset management; etc.I can design a simple, cost effective asset protection strategy of up to about $5million with little cost IF the individual resides in Texas or Florida.
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22 November 2024 | 24 replies
Therefore it's quite normal for a design change to be an additional service fee.