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19 February 2020 | 23 replies
I've been trying to figure out if this is pretty standard.
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13 January 2020 | 7 replies
Every bank has different lending standards.
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13 January 2020 | 1 reply
By multi-family, I'm referring more to duplexes, triplexes and fourplexes, as opposed to larger apartment-style propertiesMy understanding is that 8-12% cash on cash is considered standard or good, but is this more for SF or MF, or does it include both?
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16 January 2020 | 13 replies
All told, you'll lose two months of rent income or more.Tighten your standards.
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15 January 2020 | 3 replies
For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.
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20 January 2020 | 6 replies
Hopefully your credit is doing ok, if not that's probably step 1. 5 years + 2 years = 7 years = there's a good chance debts owed prior to incarceration may have fallen off entirely, meaning you might have "thin" credit rather than "bad" credit, in which case you can just google "how to establish credit" for guidance there, going from "thin" to "established" can happen pretty quick.Two years of employment history is a fairly standard requirement.
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15 January 2020 | 5 replies
It all seems pretty standard, but he's adding a clause about tenants being required to pay for all repairs under $100, regardless of what the repair is.
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15 January 2020 | 2 replies
This appears to be a standard requirement for lenders.
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26 January 2020 | 10 replies
Which means we need to build out the internal infrastructure separate and in parallel to the PM.
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16 January 2020 | 1 reply
Internal battle that I am having.