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10 March 2024 | 0 replies
In the 3- Star property segment, price declines were less pronounced, falling about 15% from the peak where deals once traded for approximately $210,000 per door.In addition to asset quality, investors adapted their approaches to stay ahead of rent growth, leading to noticeable shifts in sales volume rankings.
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9 March 2024 | 21 replies
With that kind of acquisition strategy, it might benefit to utilized a delayed purchase because most lenders struggle to underwrite deals in the span it takes for the auction to close.If you do it delayed, you can stay mostly liquid, then follow up the purchase with essentially a cash out refinance of the purchase price with rehab funds being put into an escrow account as well.Would be happy to explain further, but my clients that operate that way tend to prefer that method to keep getting their cash tied up too much. please explain further sounds phenomenal Jacolby,You purchase 100% in cash, then you do a refinance of the purchase price (usually about 80-85%) and treat it like you would if you were 'purchasing' the property again (so downside is additional closing costs) and add the rehab escrow to reimburse for the rehab being done.
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10 March 2024 | 2 replies
Additionally, there is NO verbiage that states the Landlord cannot impose verbiage in a Lease of a non-pet owner to prevent future pet ownership...
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11 March 2024 | 152 replies
The only thing you can do to get some ongoing depreciation is to trade into higher basis or just buy additional properties.
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12 March 2024 | 168 replies
One of my deals is a value-add - it hasn't paid me a dime yet after 13 months, but it is already worth much more than what we paid for it.
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10 March 2024 | 1 reply
I am looking for some ideas as I have around 60k of passive income generated from Investment in Tresuries in addition to my w2 income.
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10 March 2024 | 5 replies
Additionally, they've agreed to pay $200 more per month than our current tenant, which is an offer that aligns well with our financial objectives, even as we plan to adjust the rent upon renewal for the existing tenants.This MTM arrangement also perfectly aligns with our plans to make improvements to the property.
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10 March 2024 | 14 replies
If you're not finding the bookkeeping process to be a drag, and you're really just looking for efficiency (and possibly some additional level of detail/transparency than what your PM provides?)
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8 March 2024 | 10 replies
The additional time to close will more than pay for itself in the long run!