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18 February 2016 | 5 replies
Honestly I'm too new to the investment game to really have a full strategy laid out (still reading, learning and formulating), but I will likely be looking at rental properties outside the city to get started (unless of course I come across a great sponsor unit in a new condo conversion!).
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9 March 2016 | 4 replies
It's a good idea to have Boise and Idaho as keywords so anytime someone posts something you will have an opportunity to join the conversation.
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9 March 2016 | 14 replies
That is why often in conversation with an accountant we will just say s-corp or partnerships etc in reference to them being LLCs taxed as such.
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7 November 2022 | 6 replies
Conversely, we will miss opportunities to cross the street when it is safe and the walk signal is not shown.
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3 June 2022 | 7 replies
Thanks @Mike S. i did had an initial conversation with that team, found their process and recommendations seems overwhelming.
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16 June 2022 | 0 replies
Brendan teaches a three part persuasion conversation that will help you to move through your approach with a potential investor more strategically.
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29 July 2022 | 12 replies
So, I should just refi after the construction done and conversion it to perm investment loan?
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24 August 2021 | 7 replies
I haven't closed one personally with SoFi but from conversations it sounds solid and well reviewed.
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12 March 2022 | 1 reply
In the beginning, I mentioned a few and then they did not leave those during the process and took control of the conversation.
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30 December 2021 | 5 replies
Preliminary history: Land originally bought vacant and with no entitlements for $1,500,000 (free and clear).Entitlement planning costs: $250,000Construction Documents costs: $350,000Total All-In Expenditures so far: $2,100,000 (land + soft costs) After obtaining entitlements and general market appreciation, the value of land is indicated at roughly $2,500,000Basic Rough Math (not actual numbers): Cost of Construction: $10,000,000Market Cost of Land (free and clear): $2,500,000Total Project Cost: $12,500,000Financing Needed: $10,000,000 (assume all FFE, interest reserves, contingencies, hard costs, etc. are included)Financing Assumptions: Loan to Cost: 85% (SBA)Maximum LTC Loan Amount: .85*$12,500,000 = $10,625,000Equity Required: 15% = .15*$12,500,000 = $1,875,000 (Equity in land exceeds this)Actual LTC = $10,000,000/$12,500,000 = 80% Based on early conversations with a lender, they indicated a cash injection would still be required.