20 February 2024 | 2 replies
Should I go with 7300 sq ft and try to get as many tenants as possible or stay within my comfortable financial position.2.
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20 February 2024 | 2 replies
Well, we were able to gain great equity value in an area that we knew was up and coming.
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20 February 2024 | 3 replies
If so, this is just a real estate loan, and it would typically be recorded in second position behind the first position purchase money, if allowed by that lender.
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20 February 2024 | 15 replies
Between appreciation and our payments we have 50K-75k in equity.
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20 February 2024 | 5 replies
@Noah Bussanich when you say "seller carry" do you mean that the seller would carry a note in the 2nd position?
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21 February 2024 | 10 replies
To answer your question, the onsite management companies charge a 30-45% management fee and you just simply will not see any positive cash flow if you go that route.
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20 February 2024 | 14 replies
It all ended up ok, and we got out with our hide, but it all cost me over several million of my equity.
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19 February 2024 | 10 replies
So in the best case renting is cash flow neutral (or slightly positive, like $100/mo positive) after PM fees, and -$300/mo in the worst case.
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19 February 2024 | 5 replies
How much will you equity increase compared to your rehab and holding expenses.
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19 February 2024 | 0 replies
Keep a positive attitude when faced with challenges, that will occur.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?