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17 April 2024 | 4 replies
Definitely interested if the right deal comes up though.
16 April 2024 | 18 replies
You can give a written notice to vacate, however, if there is pushback, you will need to take proper legal measures and file for eviction.
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17 April 2024 | 0 replies
This type of financing will typically look very different and more like a traditional commercial real estate loan.That means a DSCR calculated based on a full NOI and expense load (so inclusive of vacancy loss estimates, credit loss estimates, repairs and maintenance, utilities, management fees and more – in addition to the property taxes and insurance expense that are the only expenses factored in on traditional residential style DSCR loan financing).Additionally, the DSCR minimums are generally going to be higher (typically up to 1.25x), the loan to value ratios lower (higher down payments) and underwrite more sophisticated (which makes sense considering the size and scope of the property).Many multifamily investors for properties of this size (such as more than 11 units) can syndicate capital and have more sophisticated financial and entity structures – its definitely a different world once you get up here in unit count.In Conclusion – when you are looking to invest in multifamily real estate and finance your investment – make sure you have the unit count in mind before you start shopping – the unit range can have a huge effect on your options.
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16 April 2024 | 10 replies
Sharing ownership and responsibilities is possible, but it necessitates shared goals and legal agreements.
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17 April 2024 | 16 replies
I would definitely get multiple estimates.I don't know what rent you are currently charging or if they are undermarket but do not agree with raising their rent to help you pay for a repair.
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17 April 2024 | 11 replies
Overall, I would definitely make sure the property is in good condition, clean, and isn't super outdated.
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16 April 2024 | 2 replies
Shareholders also must be U.S. citizens or legal residents.
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17 April 2024 | 10 replies
I think they rebranded now as something else, definitely beware of them.
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17 April 2024 | 15 replies
@Preetinder SinghYou definitely need to define what/why you are getting your real estate license.
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16 April 2024 | 13 replies
REPLY: You don't :)As Jeff said you can find general info about a property but you will not find any info in the county records that says this home has equity - that would be nice though :)Equity is a funny thing and many on here may have an opinion but Equity on paper is the difference between what it is "worth" (lots of definitions of that) and what you paid (or owe).