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2 July 2018 | 25 replies
In Portlandia were are see price concession and or free rent etc on some of the new build real high end 2500 dollar elevator buildings on the east side.. this is happening now.form what a friend of mine who owns a management company with 6k plus doors was telling me at lunch.a few buildings are stressed right now.take this scenario.. you buy the land 3 to 5 years ago it takes at LEAST 2 years to get through permitting then another year to build.. cost of building in this time has gone up 10% or more.. land is static .. and your proforma show this ever increasing rent.. you now come on market and your 4 story elevator building now cost you 400 a foot to build.so your in a new apartment 400k.. you need 2,500 a month just to hit your investor grade 4 to 5 cap.. and now rents start to pull back as they are or lease up is very slow at those values.. so you have full amount of debt on the building and of course everyone these days has max debt.. so debt service and DCR ratios start to go out of wac you have annual reporting and loan covenants .. you no longer meet your covenants and you have a cash call to your lender along with negative cash flow.. this is what I mean by some are stressed..
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30 June 2018 | 17 replies
Steeve,My friend!!
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12 July 2018 | 5 replies
We are local investors looking for an investor-friendly agent in Orange County and surrounding areas.
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1 July 2018 | 14 replies
A friend of mine from college and I went in together and bought a 4 BR house and rent out two other rooms to subsidize the costs.
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4 July 2018 | 13 replies
I have a great lender as well, who I have a long term relationship with and is very investor friendly.
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6 August 2018 | 16 replies
A friend of mine from Upper East Side bought a condo there and is getting a 9%+ cap rate.
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28 June 2018 | 1 reply
Always Florida :-) Excellent rental state, landlord friendly, plenty of deals in various cities!
28 June 2018 | 0 replies
Do I even need any approval or just a Investor friendly Title Company?
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28 June 2018 | 0 replies
If you are experienced in that city and can point me to some good zip codes as well as investor friendly agents, please let me know.
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3 July 2018 | 29 replies
Texas is landlord friendly but you will have additional challenges managing from Boston.