David Edwards
New Build Multi-Family: Phased Build
5 May 2021 | 6 replies
The original idea had been to subdivide the land and build 3 quad-plexes but I met with the city and that's not going to be possible due to the lot requirements so now I am looking at one twelve-plex.This plan in theory has a four phase buildout:Phase 1: Buy Acre, finalize design with city (we have preliminary approval but need to own lot to finalize) Start driveway and build parking for 1 duplex, build 1 duplex and assorted land improvement (utilities, sodding, fence, Shed), Rent outREFINANCE - From Builder loan to Long Term 30 yearPhase 2: Continue driveway and build parking for second duplex, assorted land improvementREFINANCE - Cash out refinance should allow me to pull out cash due to built equity (numbers check out based on comparable of quad-plexes of similar design relative to cost and maintaining 25% equity), Rent outUse Cash-out Refi plus additional funds for next phasePhase 3: Finish driveway including turn around required by city due to length of driveway to meet the needs of a firetruck etc, build duplexes 3 & 4, Rent outREFINANCE - Cash out refinance should allow me to pull out cash due to built equity (numbers check out based on NOI evaluation of property value, 8 units now so different valuation methodology, while maintaining 25% equity)Use Cash-out Refi to fully fund next phasePhase 4: Build units 5 & 6, Rent outCash out Refinance to max value where it still makes sense for units to cash flow, laugh my self silly, find another plot of land and do it again.Here is the question, each phase will take 3-5 months* (variance is due to effects of Corona-19 on builders).
Christopher Middleton
Life Insurance used as a bank account
21 March 2016 | 55 replies
There have been numerous insurance companies that have gone out of business but because of the financial methodology of insurance and annuities the contracts were purchased by other insurance companies.
Bryan Hancock
New Syndication Forum!
18 May 2014 | 55 replies
We personally think a syndication type fund is the way to go as opposed to the private lender methodology or syndicating a one off deal.
Joshua Dorkin
Zillow & Appraisals - Novelty or Professional Valuation?
4 May 2007 | 33 replies
Although Zillow's services is based upon the same AVM (automated valuation method/model) methodology used by lender approved AVMs.
Allyson Edwards
When should I start getting nervous? Cant find a good tenant!!
5 September 2018 | 74 replies
but here we are 2018 and his is still humming along with his same methodology..
Angela Grantham
Preparing to start the real estate investment journey
10 May 2023 | 12 replies
Scout around and see which one fits your methodology the best and stick to it!
Scott Lunn
Software to manage my llc
5 May 2014 | 7 replies
Integrate it with the GTD system and you'll be in productivity heaven!
James Piercy
Nightmare 1st Property - Does it get better?
5 January 2018 | 76 replies
But because I walked through the house with him and heard his reasoning and methodology, I wasn’t upset; he pointed out enough to prepare me!
Christian Scalla
Accurate Appraisal Values
19 January 2017 | 3 replies
The methodology utilized to calculate the "ad-valorem" for tax purposes is different in scope than the appraisal for market value/sale/refinance.There are many websites that provide value estimates (zillow, redfin, etc) but the reliability of these estimates varies greatly depending on your location.
Yonah Weiss
I'm a Real Estate Investor, but my Degree is in...
2 October 2019 | 170 replies
Yes, I would say, because some of the methodologies, analytic thinking, and ability to delineate complex problems I learnt in uni help me today as an apartment syndicator, especially in terms of gathering facts with an unbiased view.