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13 March 2024 | 9 replies
In this scenario I highly doubt the city would find you liable as the building has been vacant for a while, but I've never run into this scenario before.
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13 March 2024 | 2 replies
Happy tenants, high equity and little money invested.
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13 March 2024 | 4 replies
They have high fees but professional management.
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13 March 2024 | 7 replies
It is amazing to me how many people will trust their hard earned money with someone that was in middle or high school during the financial crisis.Beyond this initial search:Experiencetrack recordBusiness PlanAsset typeProjected returnsFinancial StructuresRights and remedies in legal docsRedemption rightsSupplemental Capital CallsOperations capabilitiesOwner/Operator or capital raiser for othersK-1 TimingUse of bonus and accelerated depreciation1031 optionsVertically integrated or outsourcedExperience of team through multiple market cyclesBackground, if any, prior to real estate and syndicationProjected returns net or gross of fees and carrySeeing full financials of current deals with budget vs actuals (if syndicator does not share, or only shares P&L delete their contact)Color on deals that went sideways or lost money and whyMarket analysisColor on why they like that dealRisks of the deal, as they see themDo they have third party audits, ideally from one of big 4 firmsAre they a fund or single asset?
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13 March 2024 | 25 replies
Deductibles can be a problem too.Warranties are a high profit business for a reason, because the pay out is nothing compared to the pay in.
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13 March 2024 | 23 replies
Consider the following:12 unit in somewhat rural Wisconsin, 6 separate duplexes on one piece of land, priced at $849K.OM Insurance cost: $6200 (seems high)Broker proforma: $30001.25% - 1.5% rule from @Juan Vargas: $10,612 to $12,735$250/unit rule from @Gino Barbaro: $3000The WI apartment deal isn't a traditional apartment building so I tried it on one more building.
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13 March 2024 | 8 replies
I priced a home too high once and I wasn't getting anything, once I dropped it to a certain amount I had leads coming every day to see the home.
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14 March 2024 | 35 replies
Add a Smart TV or a Roku device to the list, along with a charcoal grill. 99% of my renters are guys with a high school education making around $2500/week.
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12 March 2024 | 2 replies
Vinyl plank flooring is affordable, easy to install, and resistant to moisture and wear, making it ideal for high traffic areas like stairs.
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12 March 2024 | 4 replies
.- Living in Southern CA, makes it a bit of an issue due to the high cost of homes which is why I was looking at alternative methods. - I read Paces' "Wealth Without Cash" and am interested in Pre-Foreclosure opportunities. - Whether it be a house hack (currently live with parents so would prefer to rent out if it is viable i.e. it not being a primary residence) or a sub-to.