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25 March 2024 | 3 replies
Obviously that typically comes with distress, but any distressed sale is similar.
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25 March 2024 | 12 replies
One recent example of a re-fi we closed for a multi-family building in the Bronx: the property was a 40-unit apartment building with a 10 year, $3.7m note coming due.
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26 March 2024 | 12 replies
For example, the max LTV on most DSCR loans is 80%, but if you are rural, you will likely be cut to 70% LTV or less (if the lender can do rural).
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25 March 2024 | 3 replies
I think this could be for a variety of reasons but likely has to do with the fact that remote work seems as though it is here to stay allowing for more digital nomads, professionals to live/move cities more easily or even just "check out" a new location for a few months.Couple of key takeaways:-Casting a wide net and not focusing only on traveling nurses for example-Knowing your market and target clientele-MTRs are ideal for corporate travelers -How you operate your MTR is key to success (responsiveness to request, amenities, etc)-Protect yourself with a security deposit and ensure your lease fits your property/marketArticle: https://www.azibo.com/blog/mid-term-rentals-pros-and-cons-fo...Curious on everyone's thoughts on this article and overall market trends!
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25 March 2024 | 6 replies
All of my investors who live in CA do not buy in CA instead they buy in places like OH, IN, TN, FL, OR, AZ, TX, GA, LA.You could pick any of those states and buy a Duplex for example under $250K and it will cash flow right out of the gate.
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25 March 2024 | 26 replies
Micheal offers a perfect example of what I speak of how the "agents" with the nice websites and quick 24 hour financing are all basically fronts for scam artists in Armani suits.
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25 March 2024 | 3 replies
This could also be a smart short-term rental strategy since golf courses are typically situated in well-established neighborhoods with easy access to other amenities.
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25 March 2024 | 3 replies
For example, we had a listing near tesla factory.
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24 March 2024 | 8 replies
Most wives aren't on board with this strategy, but there are other creative ways to house hack besides the typical rent-by-room example.