Troy F.
Seeking debt reduction advice
10 September 2024 | 7 replies
For a portfolio of that size, I'd want 10-15k in a savings account specifically for my rental portfolio, IE separate from your personal emergancy account.
Nathan Gesner
What is your eviction rate?
9 September 2024 | 9 replies
15 years of investing in class B single family in Milwaukee with a medium size portfolio: 1 eviction and 3 cash for keys.I am on the board of the RPA Rental Property Association of Wisconsin and 2%-3% sounds about right to me for class C and D portfolios based on what I hear from our members.A good MF portfolio should have under 30% turnover rate, with SF you can get under 20%. 8% eviction seems very high in that context.
Miranda G.
Lenders for Earnest Money Deposit / Down Payment
7 September 2024 | 9 replies
But to get into contract I need a EMD (which at the size of the new purchase is not small).
Guy Idan
Recommended Syndication Companies?
8 September 2024 | 19 replies
I intend to start small, $3-5M deal size and work up.This would be an example of smaller deals for syndication.
Eric Chan
Missed Lien by title leads to missed profits
7 September 2024 | 15 replies
lawyers title lol trust me its not the size of the company that was the issue.
Michael Gonda
Starting out as a private investor
9 September 2024 | 12 replies
Lots of great experienced PMLs there - both passive ones that do it as a side hustle and small to medium sized PML business owners like me who started out with my own capital and grow over the past decade to have nearly 100 investors.
Dani Beit-Or
What do you think of this subject-to deal in Metro Houston?
6 September 2024 | 3 replies
Loan Balance $295,000Loan Maturity Date 11/1/2051Property Specifications:SFHBedrooms 4Bathrooms 3Square Feet 2316Year Built 2021Garage Size 2Schools Rating (scale 3-30, 30 is best) 18Lot size (sq ft) 7,631.0Purchase price: $330,000Market Value: $350,000Estimated Financial AssumptionsMonthlyYearlyRent (upper)*$2,350$28,200Rent (lower)*$2,250$27,000Property Taxes$425$5,100Insurance$200$2,400Repairs$65$780Property Management Monthly (%)0.00%Property Management Monthly ($)$75$900Leasing Fee$95.80$1,150HOA$146$1,752Vacancy Rate4.00%Total Fixed Expenses$1,096$13,150Total Expenses (Fixed + Mortgage)$2,620$31,437
Margot Weatherford
Help! Better to have a vacant building or a few tenants with 50% vacancy?
6 September 2024 | 6 replies
But only Brokers will know how many of those are really floating around in your market and for that size asset.
Garrett Brown
Has anyone built an A-Frame from the ground up?
7 September 2024 | 5 replies
You would do much better building a cabin or 2 story place for resale.I assume that you know geodesic domes usually bring less than a comparable sized "normal" home.
Adriana McLaughlin
DSCR for 5+ units
6 September 2024 | 3 replies
Hi Adriana, Typically, yes, the interest rate does spike, but depending on the borrower's experience and the loan size, you can still get loans at 80% LTV and rates in the 5.75 - 7.50%