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19 March 2024 | 4 replies
All of those things, unfortunately, increase during a recession, providing a safer base case for self-storage than some other assets.
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17 March 2024 | 2 replies
I want to run by the biggerpockets world a potential new model I’m working on and I want to be clear this is not intended for self-promotional purposes or necessarily even something I will enact (i’m not even totally ...
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19 March 2024 | 11 replies
Quote from @Uzziel Cortez: Hello everyone,I am 31 years old and finally ready to dive into the deep end here.Looking over the strategies I think I want to start with Out Of State MTR / LTR strategy.My though is travel nurses or university students will be a good market / consumer base to tap into.I live in Orlando FL but looking at lower cost markets such as Texas or Indiana.Looking forward to hearing any tips yall might have for me.Thanks Welcome aboard.
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19 March 2024 | 6 replies
You can find a company that doesn't have a high spend/volume requirement and flexible pricing options based on your needs.
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17 March 2024 | 18 replies
DSCR Rates are going to vary by quite a bit based on multiple factors (more than conventional), primarily FICO, LTV and DSCR - but also buydowns, prepayment penalties, and some alternative structures.That being said, I would say the average rate right now is around 7.5%, but can vary all the way down to 6% or higher than 9% for some special cases (like Multifamily 5+ or Mixed Use)Heres a couple articles on what goes into DSCR Rates (in addition to market) that hopefully helps!
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18 March 2024 | 10 replies
Each of those asset classes vary.
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19 March 2024 | 2 replies
After ten years compounding at 5% that amount would be worth $1,348,602, which would really be $1,256,344 after accounting for LTCG @ 15% (1,348,602-733,500 * .15).Final amount for condo conversion: $1,256,344Pros: After money is reinvested, passive incomeCons: Taxed twice, once on sale, once when investments are sold, no real control over money once investedScenario 2: 10 year holdI pasted my numbers at the bottom of this post so it's easier to see, but my thought process was as follows:1) Calculate value based on reasonable appreciation trends, plus cash flow.
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19 March 2024 | 5 replies
Well diversified business base, a university, access to good transportation, a strong workforce and affordable housing.All of those add up to a good long-term investment formula.Let me know if I may be of assistance.Paul.
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18 March 2024 | 16 replies
If you are planning on living in the property as your primary, you can request to terminate the lease as you will be taking possession for owner occupy, but confirm with a local real estate attorney on the specific verbiage and process as it varies by state.