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21 March 2024 | 10 replies
There's a ton of information online, including here on BP, that you can research.
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22 March 2024 | 5 replies
This should be interesting as better agents who have more business will naturally keep the firm at higher commissions, leaving less experienced agents with more low-priced business.Uninformed sellers will push back on including buyers commissions in the sales price resulting in less competition and lower prices on those homes.Uninformed buyers will self-sort out of the market unless they meet a great agent to explain their options.
20 March 2024 | 2 replies
BackgroundI own and self manage six multifamily properties in Providence, RI, acquired between 2008-2013 at great prices, with less than $50K in total debt remaining.
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23 March 2024 | 20 replies
Or saving $425,000/yr x 10 yrs.That doesn't include ongoing capex, PM etc.
20 March 2024 | 7 replies
I don't have much to add from the actual loan terms consideration, but I would encourage you to assign each property a value for a partial release and include that in your loan terms with the seller.
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22 March 2024 | 7 replies
Total sale price less all expenses paid for that property, including purchase price, is your profit.
21 March 2024 | 2 replies
Permanent debt commercial mortgages also generally will not play with an in-place DSCR below 1.25% (possible exception for very strong/experienced borrower, but such a person wouldn't be making a thread like this one, no offense. :).An interesting result of the 1.25% DSCR being more firm on the commercial side is that rent-to-price ratios and cashflows are better.
22 March 2024 | 6 replies
Additionally, the structure for these porches is commonly undersized and may need repair work including but not limited to sistering joists and providing steel angle brackets at the notched beam to column connections.
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21 March 2024 | 3 replies
If you are already using QuickBooks, it should be fairly simple to include both the expenses paid by you directly and those paid by the PM.
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21 March 2024 | 12 replies
The more you use this Forum, the quicker you'll find what information to include in your posts.