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3 June 2020 | 1 reply
Some of the terms I remember were: -Up to 75% LTV-Will lend to LLC-3-6 month seasoning period-Choice of recourse or non-recourse (slightly higher interest rate for non)-Asset based lending, and not conventional (loan depends on performance of the asset vs. your personal tax return)The market is currently in an interesting situation (especially in the Greater Atlanta Area where I invest) because although it is harder to find financing options for several of the properties that are now ready to refinance after being stabilized and cash-flowing, those same properties would be selling like hot-cakes on both the MLS and off-market investors.It has me wondering every day.. shall I wait and try to find the pre-COVID terms, or shall I sell for a profit?
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3 June 2020 | 0 replies
Just reading through the beginner books, listening to podcasts, attending webinars, and talking to folks on BP to get all the knowledge I can.I want to begin getting some experience performing REI related tasks and I figured the best way to do it was to reach out to investors already doing those things in the Loudoun County, Virginia area (if the task can be done remotely, we can work that out too).What is it that you don't have time to do, but would help you and your business?
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3 June 2020 | 10 replies
His computer is about 20 feet away from the router but he still had lower performance with it and went back to 2.4GHz.
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3 June 2020 | 0 replies
Here are a two real situations that I'm having trouble determining:1. paying off short-term hard money when commercial financing was delayed -- this seems permissible since it's not long term debt2. performing improvements on rental properties -- these were planned but delayed due to COVID-19 has put these on hold.Any tax pros or attorneys here than can better assist to what is and is not permitted use for our EIDL loan?
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6 June 2020 | 3 replies
Anytime you will be filling vacant spaces or selling POHs, the most important task to perform prior to acquiring a park is a thorough market demand study.
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10 June 2020 | 11 replies
It's a rough estimate of STR ROI and CoC, but I can tell by the numbers when a property will perform well or not.
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12 June 2020 | 9 replies
Proud to say that it is completed and performing at this point.
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8 June 2020 | 13 replies
Cap rate is relevant, but moreso in how it impacts our performance compared to metrics.
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4 June 2020 | 4 replies
For background, this is a stable, performing property with a plan to buy and hold for as long as makes sense.
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7 June 2020 | 6 replies
This lets you keep the property and avoid taxes (if you were to sell instead).Why sell a performing asset?