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29 August 2024 | 6 replies
So, my condo is in a prime location just a few blocks from the beach.
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28 August 2024 | 1 reply
Just not sure how to find an opportunity.
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30 August 2024 | 6 replies
These advantages of using DSCR loans for refinances using the BRRRR method include:More flexible seasoning requirements: As of April 2023, the seasoning requirements for conventional cash-out refinances is now 12 months, but many DSCR lenders are still at just six months (with some even as little as three).
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28 August 2024 | 6 replies
If you have any questions or just want to talk feel free to reach out to me directly.
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27 August 2024 | 15 replies
Just add the late fee to the principal balance owed if the borrower ignores paying it.
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28 August 2024 | 9 replies
Example:-------------------Tenant A - Grandma Millie's Sewing ShopBeen in business 1 year, decently profitable, signs 5 year lease.Rent = $60,000/yearTenant B - Eye Doctor office.Been in business 5 years, quite profitable, signs 5 year lease.Rent = $55,000/yearTenant C - Subway5 year leaseRent = $50,000/year-------------------If I assign the following Cap Rates, I get these building values:Tenant A / 10% cap rate60k/.1 = $600,000Tenant B / 8.5% cap rate55k/.085= $647,000Tenant C / 7% cap rate50k/.07 = $714,000(or even $45k at 6% cap rate = $750k)-------------------I just made up all of these numbers.
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27 August 2024 | 6 replies
I just sent you a PM for a roofer!
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27 August 2024 | 3 replies
Don't constantly shop and look at it just like a transaction.
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27 August 2024 | 3 replies
Just make sure to talk to your accountant and legal team to verify that this approach is in the best interest of your particular situation.