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21 May 2024 | 3 replies
I learned that April and May are seasonally slow for rentals, since most people seem to move in the summer, and also that the market here in Wesley Chapel, FL is a bit saturated with excess inventory from all the new construction activities in the area.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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21 May 2024 | 4 replies
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21 May 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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21 May 2024 | 53 replies
Would you recommend using a business credit card service like Lendio or Seek Capital?
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21 May 2024 | 11 replies
I'd recommend pushing density to 3 or 4 they all finance the same. we picked 3 because of the 35' height allowance in our area. here is a rendering to help paint the picture. our target appraisal value is 550k on the first few and pushing them to more than 600k as we sell some or keep them but if you are the only one building multifamily it's important to highlight the importance of appraisal and selling or disposing of some assets to create comparable to be used. our market has very little 2-4 units built because of economies of scale we are the only builder doing this style and we control the full process and it is a high barrier to entry where we are at. we are able to build at a lower cost now than almost buying a duplex because they are so small. each one is 668 sq ft total of 2004 sq ft.
20 May 2024 | 4 replies
I recommend doing lots of research and watching videos etc.
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20 May 2024 | 4 replies
Prefer a DSCR program.Any recommendations?
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20 May 2024 | 4 replies
I would also recommend building relationships with investors and RE Agents.
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21 May 2024 | 1 reply
I would recommend in this scenario connecting with a buyers agent that is well versed in working with investors.
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21 May 2024 | 4 replies
I would also recommend keeping a big, beefy emergency fund.