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10 February 2024 | 12 replies
Make sure you use net cash flow, so you are accounting for maintenance, repairs, cap ex, vacancy, and property management; based on the numbers you provided your net cash flow is probably less than $1k per year.
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9 February 2024 | 5 replies
Based from your experience, is it better to keep the pool or retire it?
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10 February 2024 | 8 replies
If you are looking for true private money (no broker fee or points) most will not lend at a high leverage. 60-65 LTV max Now if you have experience, plenty of reserves, and the deal can be 100% financed based on the ARV, then you can present it to a hard money lender and they may feel comfortable doing it.
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9 February 2024 | 6 replies
Is it usually a 6 month seasoning before being able to go for new appraisal and getting financed based on the ARV rather than cost.I've done a lot of reading and from what I understand this is possible, just looking for verification, recommendations on path forward or alternate plan, and also some lender referrals for when this takes place.
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9 February 2024 | 19 replies
Commercial real estate are not based on comps, but on Net Operating Income and Caprate.
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10 February 2024 | 16 replies
Based upon your post the Greater Boston area and markets even slightly outside definitely seem to fit what you are looking for so just wanted to see if there was something you were considering as a negative factor..
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9 February 2024 | 21 replies
Right now we have 2 units that are vacant, ready, and being marketed, and with the 'asking rent' reductions we just did to try to fill them faster (it's offseason for leasing), the estimated market value of the building based on net operating income is now $1,542,500.
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9 February 2024 | 8 replies
Just trying to get a better understanding of the type of policy/agreements I need to cover all bases.
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9 February 2024 | 8 replies
Look for equity growth and purchase based off total ROI not just cashflow.
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9 February 2024 | 5 replies
Although a metal building similar to Self-Storage in concept, totally different customer base. 25 by 45-foot bays, with 14 foot roll up door and a walk thru door, with light electric.