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19 June 2024 | 18 replies
Typically 15-25% down or wherever the ratios work.
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21 June 2024 | 5 replies
If you have the time, offer to work/intern for s big investor, that would be a huge way to get started.
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16 June 2024 | 4 replies
I find that it's very rare that a lender will actually close at this amount of leverage because they would typically be putting up a much larger amount of funds than the property would be worth at the time.Has anybody actually worked with a lender that did fund based off of the LTARV?
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18 June 2024 | 53 replies
You are right developers will typically sell after the stabilization of the hotel, or even upon CofO.
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18 June 2024 | 0 replies
The “headline” number or main number typically seen in media reports, is the percentage change in inflation versus the prior year.
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20 June 2024 | 12 replies
@Margaret Dreesen1) You typically cannot use the SD to cover damages while the tenant is still living in the property w/o the tenant's written approval.2) Even if tenant agrees, not a sound business strategy as now you have nothing to cover possible damages when tenant moves out.3) Filing a claim on your own insurance is also business-foolish, as now your claim will track you in the insurance world for about 5-7 years and if you have another claim - may lead to cancellation or spike in premiums.4) Tenant is 100% responsible for the damages!
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21 June 2024 | 14 replies
We don't turn anyone down until the unit is offered to someone, even if we know they won't make the cut.
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20 June 2024 | 22 replies
If they want to sell now or in six months, you need to know before giving them an offer so you don't lose leverage by giving them an offer now instead of closer to when they are ready to finalize.Since you are already going to the property, take good pictures and make sure you capture the electrical panel, HVAC labels, and plumbing material.
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20 June 2024 | 1 reply
Someone reached out on Zillow offering to lease it for a few years, guaranteeing rent payments.
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20 June 2024 | 12 replies
Amex recently offered us a BLOC or business line of credit.