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11 April 2024 | 2 replies
My biggest thing is with the options below, what puts me in the best shape to Grow/Scale?
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11 April 2024 | 2 replies
,You have two options after a 1031 exchange.
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11 April 2024 | 7 replies
Just wanted to do some research and see if this is the best option or if there are better deals.
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11 April 2024 | 7 replies
One option would be if you cover a certain amount and if it goes over X amount they need to reimburse you.
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8 April 2024 | 14 replies
And are there non commercial options available?
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11 April 2024 | 2 replies
You can use this tool to figure out that part: https://docs.google.com/document/d/100dRzu-iQEIZbR1adxIASdH2...Once you have that you should engage a local broker to discuss the options for those types of uses in your market and they will be able to help you understand the overall picture and cap rates of the various options.
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11 April 2024 | 10 replies
@Samuel Metcalf- thanks 1) I would recomend getting a HELOC in place on your primary residence duplex for as much as possible...this should be available for free or a low cost and the rate will be variable in the 8-11% range ...prime rate + margin of 1-3% ) ...the min payment is in interest only payment on outstanding balance 2) use the heloc for the remodeling costs ...pay it down as agressively as you can 3) on the purchase of the investmenet 1 unit - you are allowed to put as little as 15% of the price for your down payment ...the pricing you get for the loan will improve as your down payment grows so you might look at 75% / 80% and 85% ltv options
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12 April 2024 | 7 replies
Once you and the seller sign a contract, now you have the options to either keep the property yourself, do flip or long term hold, or assign it to someone else if you don't have the capital to flip the property.
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11 April 2024 | 2 replies
When I explored this option in 2020 my lender said it wouldn't be possible because of occupancy issues (building was not fully occupied), and DSCR.