12 July 2024 | 1 reply
We have also done several flips we renovated, and sold and put proceeds towards other loans as well.
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13 July 2024 | 7 replies
I expect MKE prices long term (10 years) to at least increase to the national average, there is really no reason why Milwaukee should not get there based on a current trajectory as well as infrastructure spending and re-development we are seeing downtown.We have seen consistent appreciation never below 6%, but also never over 8% over the last 9 years, which basically means median prices have doubled.
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10 July 2024 | 31 replies
What color do you think goes well with the repose gray of the walls?
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12 July 2024 | 7 replies
If you were well networked, and could get a great deal on a fixer and then tackle the rehab, that might work, but much of L.A., Orange, and SD counties definitely have price to rent ratios that are not favorable for cashflow.
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12 July 2024 | 1 reply
I am looking to use the real estate properties cash flow to also build my retirement within this process and I am just not sure how I will be able to build for retirement as well as build my home.
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9 July 2024 | 13 replies
They may ask you for you b.g. in real estate, are you brand new or have you been at least looking for a while.Ask them for their leverage buckets for experience and credit.
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12 July 2024 | 0 replies
I purchased a well-maintained single-family home in a growing suburban community.
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12 July 2024 | 4 replies
In my experience most condos or townhomes don't cash flow well.
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12 July 2024 | 3 replies
While I am not super well versed in the RV park syndication world (although Axia does own a couple within their first fund), in general more and/or higher fees = WORSE for LP.I would love to see more about this deal, but based on a quick scan here: https://www.parksandplaces.com/campgrounds-for-sale/ looks like average pricing is in $5mm range.$5mm PP = $250,000 acquisition fee, let's assume they are raising $2,000,000 in equity for purchase and upgrades, this means acq fee is really 12.5% of equity.Loan Guarantor Fee: $5mm purchase, let's assume $3.5mm loan.
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12 July 2024 | 7 replies
@Jacob ZivanovichPartnering with someone who can co-sign your loan can be a great way to get started with your house hack, provided the partnership is equitable and well-structured.