Mary, have you ever had to raise capital to purchase an underperforming property like this?

As it seems you will be raising money and then need to decide are you doing 506b or 506c.

I am just finding this out now because we are receiving a new tax bill which has done an assessment on the property and raised the taxes!

Go to the BiggerPockets bookstore and buy "Raising Private Capital" by Matt Faircloth or look for "The Best Ever Apartment Syndication Book" by Joe Fairless.

We have talked about hiring virtual assistants to handle a lot of the smaller tasks we could offload so that we could focus on increasing the quality of our relationships with our brokers, finding/analyzing more deals, raising capital and our weekly podcast we started a few weeks ago.

We also raised some private money from investors for the down payment, fees, insurance, and to get us to the first draw.

Now that the market has stabilized, the owners voted to raise the HOA fees for a period of time in order to do the necessary maintenance that was neglected.

We are looking into setting up a fund to raise capital to buy, remodel, furnish and decorate a house.

I am a new investor who is in the education and raising capital phase.

In other words — over 27.7% more expensive.Taking this data into account, hosts would be smart to not begin significantly raising their rates until at least 1 week prior to Christmas.