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3 October 2024 | 1 reply
That any getting money for free
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2 October 2024 | 19 replies
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12 October 2024 | 6 replies
I get a bit antsy considering the upcoming holidays and what demand looks like.
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12 October 2024 | 10 replies
Why do you get to decide what is worth it and what is not?
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12 October 2024 | 5 replies
Think outside the box, and get outside the box.
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12 October 2024 | 13 replies
I do think you would have to be very close to the 1% rule with your all-in cost to rent in order to refi out a bunch of money and even then you may not get it all. $1,500 rent40% expenses$900 NOI per month$10,800 NOI per yearat a 7% cap rate that's $154,285 cost per unit$154,285 loan at 6% and a 30 amortization is $925 which is a 0.97 DSCRFor $900 a month NOI per unit, to get to a 1.25 DSCR you would need a monthly mortgage payment of $720 per unit.
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5 October 2024 | 9 replies
If the cash is limited and opportunities are plentiful, re-leverage, get hard money debt, partner with someone like me, etc.I would say to not force it.
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12 October 2024 | 9 replies
I get the 'professional silence', and have been told imperiously by other landlords that I should just not respond and ignore rambling, and responses definitely encourage more.However I find I have tenants that demand attention, if I don't answer they continue to get louder and angrier, and begin trying to come up with ways to force me to answer and get involved.
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12 October 2024 | 2 replies
I brought a partner into this deal to get it done, I will be funding the rehab portion of this Fix and Flip deal.
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4 October 2024 | 8 replies
Although this data does not demonstrate causation, it indicates that Houston is amassing data to bolster its upcoming regulations and ensure they withstand legal challenges, mirroring the successful strategy employed by Arlington.As Houston steps into new STR regulations, now is the perfect time for STR operators to craft a proactive strategy, ensuring readiness and resilience in this evolving market.Lee Hampton, Builder | Developer | STR Operator | Former P&Z Commissioner