H. Jack Miller
Seller Financing gets a higher sales price
18 June 2024 | 3 replies
Jack MillerProbably but there is also a significant risk because these borrowers typically do not qualify for conventional financing so the default rate jumps from what is on average 3-5 % to well over 10%.Let’s say you get an extra $10 or $20k, I have seen borrowers do a lot more damage than that to a property as well.
Sean Lehmann
What should HVAC system cost in Chattanooga?
18 June 2024 | 7 replies
I am looking at a new Goodman 2 ton 13.4 seer packaged unit for one side of my duplex in Chattanooga but was quoted over $7,000 which seems quite high to me from research Ive done.
Adam Taylor
Thoughts on Sensitivity Tables and Equity Multiple Figures
17 June 2024 | 8 replies
I have found time is better spent building tools to quickly analyze & procure new deals, rather than hyper-analyzing the metrics of one deal, ultimately making initial review faster & more reliable (spend time on the things that make sense, quickly remove things that don't, even junior-level staff can identify good opportunities with the tools, etc).For example, if I'm modeling a SFR to 3-4 unit scheme, I can quickly check the $/sf/mo for each of my proposed units and get a good idea of the GOI without having to manually dig through & find rent comps in that City/Zip:- So instantly I know in Woodland Hills that a Studio is close to $5/sf/mo on avg, 1 Bedroom closer to $4/sf/mo, with the 2 & 3 Bedrooms closer to $3/sf/mo.
Marquise Williams
Networking & Meeting New People
18 June 2024 | 4 replies
I am also a chess enthusiast and would love to chat over a game sometime.
Ryan Richmond
Refund request 2 weeks after stay
18 June 2024 | 13 replies
My wife offered to drive some over, but they found them by then.My wife responded to the new complaint and said that she wished our guest had mentioned any of this during their stay so we could have addressed these concerns.
Bob Asad
Which is Better Cash on Cash or Appreciation?
18 June 2024 | 3 replies
But your goals, timelines, etc are not outlined at all.Common issues I see on these forums: everyone thinks they are getting a little cash flow, but over the long term, they are a) not getting as much as they underwrite and/or b) typically hurting long term value by creating cash flow through deferred maintenance.
Luke Hoffman
Sell or hold- cashflow destroyed by property taxes
18 June 2024 | 15 replies
Over the last two years our property taxes have doubled, if not more.
Chris Witham
What lease is best to use for Florida?
18 June 2024 | 2 replies
Great place to start, but would recommend having an attorney look it over to include property specific or owner specific requirements just to CYA.Best of luck
Daniel Colon
Lender won't let me move the property to my LLC
19 June 2024 | 32 replies
@Daniel ColonThis would only make sense if the property was over a million dollars AND you paid for it in cash.
Leanna Mansour
Mid term rentals
18 June 2024 | 5 replies
I operate over 20 units and have been since 2019.