Marko Bukva
Construction loan vs FHA 203k on a flip
13 March 2024 | 8 replies
Most of the liaisons that the lender provides for "guidance" are not local and don't know the ins and out of construction in NYC.
Jose Solorzano
New house construction & No Experience. Help! 2 lots to build a House/JADU and ADU
12 March 2024 | 3 replies
I am in the process of completing my subdivision and I need help finding a lender who can provide financing for two new houses, JADU and ADU each with its own lot.
Holly Polf
URGENT Homeowners for STR
13 March 2024 | 23 replies
Anyone in Florida that can share who provides their coverage for their STR?
Jonathan Molas
Renting to Assisted living company
12 March 2024 | 2 replies
Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting to such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property to standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.I know tons of investors who are renting out their properties using this strategy here in Fort Worth.
Partap A.
Landlord rights (Property management not sharing tenant info)
12 March 2024 | 17 replies
I would expect to be provided with the tenants full information including application and all reports/information that was collected.
Manuel Angeles
USA National Multifamily Market Report as of March 10, 2024
10 March 2024 | 0 replies
Remarkably, despite these ongoing shifts, delinquency rates remain low on a relative basis when compared to the office, retail, and hospitality sectors.Although factors such as declining household formations, rising supply deliveries, and weakening demand may present temporary obstacles, the sector has successfully emerged from similar challenges in the past.
AS Chow
Know A Good DST Company ?
12 March 2024 | 29 replies
Of course the proof is in the actual investments and numbers, but this assertion seems unlikely based on the value-add upside normal syndications can provide which DSTs can’t.
Walt Viera
New Member starting late with little
13 March 2024 | 28 replies
Be a great landlord - Provide timely communication, responsive maintenance, and fair treatment.
Vasudha Chaudhary
Lehigh Acres - Renttoretirement (RTR) projections were a scam
13 March 2024 | 8 replies
RTR also provided a rent comp covering the difference in rent from what we expected, which is above & beyond as they were not obligated to do that.