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5 March 2024 | 3 replies
I am a do'er and don't mind getting my hands into DIY projects on a property that needs work, so I am really hoping to invest in the next year.
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5 March 2024 | 28 replies
.$300M Huntington Place Renovations & New Detroit Hotel https://www.crainsdetroit.com/real-estate/huntington-place-renovations-new-hotel-deal-reached$200M Chase Investment in Detroithttps://www.axios.com/2023/09/28/detroit-rebound-jp-morgan-investment$44M Investment, 237 New Jobs: Bollinger Motorshttps://michauto.org/bollinger-motors-plans-44m-metro-detroit-investment/$21.5M Investment for Detroit west side Dexter Neighborhoodhttps://www.clickondetroit.com/news/local/2023/11/01/neighborhood-on-detroits-west-side-receives-more-than-215m-in-investments/$20.6M Investment, 186 New Jobs: BorgWarnerhttps://www.crainsdetroit.com/auto-suppliers/borgwarner-invest-206-million-create-186-jobs$11M, 200 New Jobs: Volkswagen Scout Brand Investment in Detroithttps://www.teslarati.com/volkswagen-scout-11-million-detroit-investment/New Detroit Developments to Be Excited Abouthttps://www.metrotimes.com/detroit/15-new-detroit-developments-to-be-excited-about-photos/Slideshow/32734721/327353923International Companies Choose Detroithttps://www.detroitregionalpartnership.com/international-investment-comes-to-detroit-region/6 New Residential Developments in Detroithttps://detroitisit.com/6-new-residential-developments-in-detroit-to-know-about/
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5 March 2024 | 11 replies
I have a standardized Scope of Work project that I'd be happy to share for someone's review.
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4 March 2024 | 6 replies
You're speaking my language ; ) We've been buying and renovating properties that have ADU potential for quite a few years now and about a year and a half ago converted one of those ADUs to an MTR and it is working out great.
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5 March 2024 | 6 replies
in return for being allowed to promote the projects on their websites, hold themselves out as the co-gp etc.
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5 March 2024 | 27 replies
The BTR are excellent for building huge amounts of equity and if you do it right, have infinite returns from the cash flows holding them long-term.I also do some other projects here and there.
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4 March 2024 | 10 replies
I try to buy with seller financing now, and I renovate with Home Depot line and our own cash, and then refinance or sell later.
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3 March 2024 | 1 reply
In this example, I didn’t include any CapEx costs and the loan is 75% of the value.LTCWith a LTC structure, the lender is willing to lend funds as a percentage of the underlying asset’s purchase price plus renovation/repair costs (project cost).LTC financing is generally viewed as favorable for the borrower albeit, riskier, due to higher leverage, less debt service coverage, and renovation risk in the form of underbudgeting.LTC = Loan Amount / Project CostsMost often, lenders are willing to offer LTC terms structured as a bridge loans.
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4 March 2024 | 8 replies
When these payees are shared across all projects, it's a mess tracking what expense goes to which property.What's the simplest/easiest way to do this?
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4 March 2024 | 5 replies
I have several properties and have always done the remodeling and major renovations myself.