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2 September 2024 | 24 replies
Happy to keep an eye out and let you know if anything interesting comes along either way.
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28 August 2024 | 9 replies
Example:-------------------Tenant A - Grandma Millie's Sewing ShopBeen in business 1 year, decently profitable, signs 5 year lease.Rent = $60,000/yearTenant B - Eye Doctor office.Been in business 5 years, quite profitable, signs 5 year lease.Rent = $55,000/yearTenant C - Subway5 year leaseRent = $50,000/year-------------------If I assign the following Cap Rates, I get these building values:Tenant A / 10% cap rate60k/.1 = $600,000Tenant B / 8.5% cap rate55k/.085= $647,000Tenant C / 7% cap rate50k/.07 = $714,000(or even $45k at 6% cap rate = $750k)-------------------I just made up all of these numbers.
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29 August 2024 | 5 replies
Make sure the family is good on this transaction happening at the right price, it could get uncomfortable if your dad gives it away to you in the eyes of the family.
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29 August 2024 | 14 replies
LTRs may face eviction issues, their consistent income makes them less risky in the eyes of lenders.
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30 August 2024 | 29 replies
And one area that I’m keeping my eye on is Franklin.
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28 August 2024 | 14 replies
I don't have any properties besides my primary residence yet, however I've been keeping an eye on the market.
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27 August 2024 | 4 replies
thanks for the replies, to clarify a bit more, I'm mainly looking for an agent who can be my eyes and ears in the case I'm not able to be there in person to view the property.
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29 August 2024 | 5 replies
But thank God for them bright eyed, passionate, new investors are not rare.
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27 August 2024 | 2 replies
Working with a knowledgeable real estate agent and keeping an eye on online listings can also help.
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28 August 2024 | 9 replies
I've even had the chance to secure cash-out refinances between 6.00-6.50% lately - keep an eye on the 5-year treasury, as 720+ credit and $100k+ properties will be eligible for rates that are about 2.5% over that daily treasury rate.