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8 May 2020 | 12 replies
I imagine part of this is all the other nuttiness going on that this is on the bottom of priorities but I'm beginning to think this could be delayed as they probably changed how they input that back end data to fit the system.
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11 March 2020 | 13 replies
I have a good amount of experience with this process.You will receive plenty of leads but it's just an entry point in a large funnel.
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14 March 2020 | 12 replies
@Ryan Santiago When I was up there and stayed at an Air BNB, they had a section of the entry covered in linoleum.
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11 March 2020 | 9 replies
This is our first commercial multi-unit deal, my partner has 7+ SFU's all house hacked in VA, but, this is our first entry into Lehigh Valley and multi-family space.Deal Specifics: Deal Type: Off-market, 9 unit plus coin operated laundryAsking Price: $800,000Target Acquisition Price: $760,000 (4.5% discount)Gross Rents: $92,000 ($7,667/mnth)Down Payment: 20%Financing Terms: 6.125% fixed 30 year commercial loanOperating Costs: $28,272 ($2,356/mnth)NOI: $63,728 ($5,310/mnth)FCF: $19,164 ($1,597/mnth)Deal assumptions: Vacancy: 8.33%PM Fee: 10%Maintenance: 5%Closing Costs: 4.1%Key Metrics:Meets 1% ruleFCF/Door: $177/monthDSCR: 1.43Cap Rate: 8.43%Cash-on-Cash Return: 10.41%Would love to hear anyone's thoughts, particularly those familiar with the Lehigh Valley area.Thanks again!
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17 March 2020 | 19 replies
Looks like yours is 1821sf and likely will appraise around $240k given the sold data.
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11 March 2020 | 1 reply
Maybe 5 out of 100 sellers are actually motivated to sell right now so we might as well get through the data sooner rather than later.
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2 April 2020 | 7 replies
This is accomplished by gathering, validating and analyzing data in the following 3 areas:FinancialPhysicalLocaleEach due diligence process is different based on the unique elements of the deal and features of the property.
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10 March 2020 | 2 replies
I’d like to get some data on prices per sf, floor plans, lot selection criteria, etc but wanted to start somewhere better than just a Google search for builders.
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7 June 2020 | 14 replies
(They are developing a "tech corridor" along Elliot Road that will have data centers for Google and Apple.)
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12 March 2020 | 3 replies
A good friend of mine has been looking to buy for some time and I just thought of a (potentially) great idea to lower my barrier to entry for purchasing.