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29 March 2024 | 31 replies
I underwrite a lot of deals for others, including creative deals, such as subto, seller financing..the first of all, you do need to know if that's cahs flow @ 6% under their asking price.Is this a service you provide?
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27 March 2024 | 15 replies
Thanks,Hemanth Hey Hemanth, Yes you can sell or refinance any property in the portfolio as long as the portfolio can debt service without the property sold or refinanced.
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28 March 2024 | 10 replies
Even hearing their call answering service.
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29 March 2024 | 12 replies
Here are some other facets of a rehab which may be more expensive, roofing, windows, HVAC. electric service exterior and interior.
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29 March 2024 | 8 replies
@Hussein MyrBanks typically do not give loans against LLC investment companies.
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28 March 2024 | 14 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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28 March 2024 | 2 replies
I have done a lot of deals and used a lot service providers from people I met at this meetups.
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28 March 2024 | 3 replies
The property was put into service as a STR mid 2022.
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27 March 2024 | 14 replies
*The short-term rental must remain an accessory use to your full-time occupancy.Under no circumstance shall the short-term rental services become the primary use of the property
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28 March 2024 | 13 replies
Typically I use commercial lending which is 20% down on LTC regardless of ARV in most cases which would equate to around $90,000 and I want to drive that number down.