Thomas Brown
Need estimate expectation guidance
29 March 2024 | 12 replies
The two reasons why most inexperienced investors lose their shirt on deals is incorrect assumptions on improvement costs or exist values.
Carter McGill
Getting Started/General Advice
29 March 2024 | 12 replies
Make connections with nearby real estate brokers, investors, and property managers to get knowledge and expertise.Look for properties with capacity for appreciation, value-adding potential, and good cash flow possibilities when identifying investment options.
Zachary Deal
Mid-Term Rentals Article and Trends
25 March 2024 | 3 replies
I think this could be for a variety of reasons but likely has to do with the fact that remote work seems as though it is here to stay allowing for more digital nomads, professionals to live/move cities more easily or even just "check out" a new location for a few months.Couple of key takeaways:-Casting a wide net and not focusing only on traveling nurses for example-Knowing your market and target clientele-MTRs are ideal for corporate travelers -How you operate your MTR is key to success (responsiveness to request, amenities, etc)-Protect yourself with a security deposit and ensure your lease fits your property/marketArticle: https://www.azibo.com/blog/mid-term-rentals-pros-and-cons-fo...Curious on everyone's thoughts on this article and overall market trends!
Chris Ross
Delayed Financing/cash out refi lenders for Memphis SFR
27 March 2024 | 14 replies
In our case we wouldn't have any value seasoning on DSCR so as soon as you do the repairs, we can potentially use that higher value to get you cash out.
Account Closed
NREIG
27 March 2024 | 9 replies
Today I got a bill that is 100% more than what I used to pay - my blood was rushing- They increased my building coverage- They changed from "cash value" to "replacement value"These 2 updates that they made cost my portfolio to go double.
Kevin Drouillard
Exiting out of a totally fire damaged C class property
28 March 2024 | 5 replies
Do you have some numbers on the homes value and the projected rebuild?
Tije Wilkins
Financing commercial mixed-use property with laundromat
27 March 2024 | 6 replies
I don’t have detailed financials on the laundromat as they just did the bare minimum to keep it open, and I want to go in and add value.
Ori Menahe
First Fix and Flip / Property
28 March 2024 | 1 reply
As an individual, it is hard to open an efficient, responsible, profitable out of state network because as an individual you do not provide that much value for an agent or a contractor to run around and cater to you.But when you are part of a group that closed on over 4 million in real estate in six months and brought in over one million in local rehab dollars and put 50+ people to work and paid the city inspection office for all the permits, inspections, and reports then people cater you to.
Dwayne Clarke
Multi-Family Investment Question
27 March 2024 | 12 replies
agree with the other comment, different markets are doing different things. also, "be greedy when others are fearful." what people might be afraid of is, lots of commercial ARMs coming up on their rate adjustments, & the new rates (compared to 5y ago when they first purchased) will kill their cashflow, so they'll sell, and if everyone is doing this at once, supply might outweigh demand, everyone has to sell for less than they planned, and everyone who hangs on to their similar properties gets to recalculate their estimated mkt value with the new going cap rates. i don't personally think this is going to cause as insane of a shift as some people do, but it's all speculative, we won't know til it happens. if you can find a deal that pencils with 30y fixed debt, do it.
Justin Brown
Finding off market properties
28 March 2024 | 37 replies
Because if they need little to no repairs, they can be sold via RE agent on MLS for retail value.