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18 March 2024 | 15 replies
It seem to always be someone new and I guess they see a thread they feel like they can join in on not seeing the date.
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18 March 2024 | 5 replies
Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.
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17 March 2024 | 5 replies
Feel free to send me a DM or give me a call
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17 March 2024 | 17 replies
the answer i'm giving is based on the assumption that you do not want to / can not float the negative cashflow any longer. and note: even if appreciation / debt paydown / tax benefits strongly outweighed the negative cashflow, most investors wouldn't want to / couldn't float that. so that said, i say SELL. you have just over a million dollars in equity (minus transactional costs when you sell), and you could do a 1031 exchange into a ~4 million dollar CASHFLOWING property. i invest long distance into value-add multifamily on the west side of chicago. gearing up for my next deal right now. in that price range you could easily get a value-add multifamily with potential to cashflow 15k/mo+++ (up to 40k/mo) once it reaches its full potential. it sounds like you're in markets that are probably strong for appreciation and weak for cashflow (with the long term rental strategy). if cashflow is your goal, 1031 into value-add multifamily in a higher-cashflow area. don't let having to pay commissions during the sale stop you. you're already losing so much annually; you have to stop the bleeding at some point. also note that right now, with the way these two properties are losing money, that might negatively affect your borrowing power when you go to buy the family home. feel free to dm me if i can help in any way!
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15 March 2024 | 32 replies
The list of employees is displayed down the right side rather than forum posts allowing you to connect with everyone in that company all from one location.Anyone can create a Company Profile, and Pro members have this information displayed in their signature, along with their logo.
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19 March 2024 | 19 replies
Feel free to reach out to discuss our specific lending programs.
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18 March 2024 | 9 replies
Also, if you feel a partner who may be able to lower the interest rate is necessary to make the transaction pencil, you are dealing with too low of margins.
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18 March 2024 | 19 replies
Feel free to message me with specific questions.
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18 March 2024 | 21 replies
Feel like most deals sent to me are scraps
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17 March 2024 | 4 replies
Feel free to reach out if you need any local OC support.