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27 April 2024 | 2 replies
Any other options worth considering?
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26 April 2024 | 2 replies
The payments typically are 1-3 years (but there's no real standard) and don't have additional interest added.Asking price: $280 Million (different currency than USD)Last year's asking price $250 Million (we assume the price increase is because of inflation)The owner doesn't seem in a hurry to sell and when we asked if he'd negotiate last year at $250 million he said no.I'd like to offer the following 3 options to see if any of these work for him:Option 1: 250 Million upfront Option 2:140 Million upfront130 Million in 6 months.
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26 April 2024 | 3 replies
They're typically $150-$300 per draw depending on the lender.
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26 April 2024 | 11 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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26 April 2024 | 7 replies
Hi Tina,The only type of loan you can utilize is a non-recourse loan in a SDIRA.A non-recourse loan is a secured loan backed by a pledge of collateral, typically the property that it is beingused to purchase, where neither the borrower, nor the borrower's self-directed IRA, will be held liable forpayment in the event of default.If a loan does default, the only asset the bank can go aer is the asset in question.
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26 April 2024 | 2 replies
Do landlords typically relinquish everything to the PM?
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27 April 2024 | 5 replies
I have a decent net worth and both of us (me and wife are W2 paychecks) and now I am being advised / reading advise to have this under an LLC.
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25 April 2024 | 4 replies
I dumped around 50K into the property and now is worth around 200-220K.
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26 April 2024 | 8 replies
I was using Mint to track my personal finances, including real estate transactions and net worth, and found it really useful.
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26 April 2024 | 6 replies
I'm not sure if you have a day job, but it may be worth taking some vacation time to make some improvements on the property to increase its value before you sell.