Nate T.
lease for Arizona group home
5 April 2024 | 22 replies
Worth every cent of your attorneys fees!!
John McKee
The ups and downs of a single tenant NNN Lease property
6 April 2024 | 19 replies
You could say they are FDIC insured to an extent but claims to be made whole on a failed bank to get reimbursed by the FEDS can take a very long time in some cases.The NNN even if return was 5% you have hopefully property appreciation value long term, tax depreciation against the asset, rental increases, etc. you do not get with the bank.So my clients unless they are buying say a 6 million and up single tenant where I can land 7 plus cap rate above the debt a little those smaller deals sub 4 million do not work unless they are paying all cash or have a tiny loan like 25% LTV so the high interest rate does not affect cash flow that much.So what if someone HAS TO buy with 1031 for large taxes.
Hunter Brown
How should I calculate return/yield on common area/community amenity renovations?
5 April 2024 | 0 replies
.- I underwrote these projects only using annualized revenue (rent increase with some extra vacancy loss in year 1 x total units x 12 months) / total project cost- For projects I know were successful, I'm seeing a larger increase in NOI than expected so shifting to a yield on cost metric that's market adjusted NOI growth / total project cost.- I'm seeing a lot of volatility on these and can't land on what metric to use.
Account Closed
DEBUNKED: "Managing your property manager" does NOT count towards REPS hours
6 April 2024 | 12 replies
I don't know if it's worth it to add up all these minutes.Do people claiming REPS have to pay penalties if they don't pass an audit along with the back tax they owe to the IRS?
Sanjeev Advani
The Practical Guide to Real Estate Investing: Achieving Financial Independence
5 April 2024 | 1 reply
Look for areas with strong growth potential, considering factors like job growth, population increase, and infrastructure development.
Ian Verzoni
Incorrect Escrow Analysis?
5 April 2024 | 1 reply
I've been paying escrow+mortgage on rentals since 2015 and never had this happen to me.Details:Mortgage company does an escrow analysis and finds the following:2023 Taxes $1648 + Insurance $1634 = Total: $3282New Escrow for 2024Taxes $2331 + Insurance $1918 = NEW TOTAL: $4250- With increased tax and insurance I owe $968 more on escrow.- $968 difference paid out over 12 months would be $80.60 per month MORE.The mortgage company is claiming that I owe $3,000 MORE in escrow and is charging me an additional $250 per month.I checked with them and I've NEVER missed a payment and have been up to date this whole time.They say its not a mistake but couldn't explain why I owed $3000 more instead of $968 more for the year.Am I missing something?
Kyle Joseph
Deal Underwriting Challenges
6 April 2024 | 7 replies
Some states like my home state of South Carolina re-assess upon sale.The seller property taxes may not be your property taxes.Insurance costs have increased.
Moriah Kearse
Anchorage Flip - Bunn St
5 April 2024 | 1 reply
Purchase price: $118,000 Cash invested: $89,000 Sale price: $315,000Brought seller out of foreclosure and remodeled house from condemned to seller closing with property value increased by $196,000.00!
DJ Brooks
Sub To Contracts? Anyone Have Any?
6 April 2024 | 11 replies
Someone else had posted the same comment a long time ago, it would be worth checking it out to give you an idea.