Have you ever had a client or partner misunderstand 100% financing and expect it to cover closing costs?

I have seen some that look great but there is no way to get around the look of a big rectangle stack.Personally I think the risk could be worth it if it was a bit more rural.

Quickbooks syncs with Airbnb payments but no property management softwares sync with it.  

We're doing the disclosures now and I was quite surprised at the 2.469% of Loan Amount (points) Origination charge which brings the total Origination charges to $16,500 (Property cost is 645K, 10% down).

No amount of money is worth sacrificing your peace of mind.

Cost segregation? 

Having to change out smartlocks when tenants move is too costly.

@Olu OguntoyinboInvesting in a multi-family property in NYC/NJ can be hard because of high costs and loan rates.

Today’s high interest rates mean that deals in 2024 are unable to shoulder as much debt as an equivalent deal three or four years ago.It’s also a bit difficult to say whether quadruplexes or turnkey single-families sport higher yields, since operating costs—and thus NOI available to service debt—is so deal-dependent.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.