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6 July 2024 | 2 replies
We did not fund the last few million of the raise, so we are allowing the final slots to come in at up to 20% APR, fixed annual simple deferred return (deferred means you get all of your interest earnings at the end when we repay your principal – and that happens when we finish building and then sell the apartment complex).This asset is our safest MF asset, in my opinion, BECAUSE the project is backed not just by our equity in the apartments – but by our equity in the entire 54-acre land development.
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6 July 2024 | 1 reply
Quote from @Kyle Peters: One of the ways to make money in real estate is to buy an asset that has been neglected and then turn it around.
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6 July 2024 | 22 replies
Do you really want to be checking to see if your tenants pay every two weeks, then if they are late with one payment but make one you have to go back and carefully show them how they missed a payment.
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5 July 2024 | 14 replies
They either quoted or tagged me to start something, and then when I responded to them, they tried to gaslight me as if I was the one who sought them out.
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6 July 2024 | 2 replies
He received his 60 day notice at the end of June and then delivered his rent check on July 1.
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6 July 2024 | 10 replies
If you gain interest on the deposit, then you must pay that interest out to the tenant each year which adds to complexity and workload.Any bank should work.
5 July 2024 | 5 replies
Meaning they buy the materials and provide the labor and then make a receipt showing the total.
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5 July 2024 | 7 replies
I thought you wanted to buy the home and then rent part of it out.
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5 July 2024 | 8 replies
Meaning, if the kitchen has high end finishes...then yours should too.