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20 April 2024 | 3 replies
I have found that locally, this is where you can see other homeowners who needed the same thing done and often times they have someone who isn't big on the internet or on a list, but is reliable and cost-efficient and they appreciate the business.
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20 April 2024 | 33 replies
Lots of people invest and house hack, or have a related side business like being an agent, or have a mix of self-managed properties and properties that are professionally managed.
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21 April 2024 | 25 replies
Unavailability example: Residential Real Estate is a 7-day-a-week business for the most part.
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19 April 2024 | 5 replies
This type of financing will typically look very different and more like a traditional commercial real estate loan.That means a DSCR calculated based on a full NOI and expense load (so inclusive of vacancy loss estimates, credit loss estimates, repairs and maintenance, utilities, management fees and more – in addition to the property taxes and insurance expense that are the only expenses factored in on traditional residential style DSCR loan financing).Additionally, the DSCR minimums are generally going to be higher (typically up to 1.25x), the loan to value ratios lower (higher down payments) and underwrite more sophisticated (which makes sense considering the size and scope of the property).Many multifamily investors for properties of this size (such as more than 11 units) can syndicate capital and have more sophisticated financial and entity structures – its definitely a different world once you get up here in unit count.In Conclusion – when you are looking to invest in multifamily real estate and finance your investment – make sure you have the unit count in mind before you start shopping – the unit range can have a huge effect on your options.
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20 April 2024 | 4 replies
But now she's out of business.
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17 April 2024 | 39 replies
Valuation for Property Management 3X to 5X Seller Discretionary Earnings or 1X to 1.5X Annual Revenue, depending on how well established the brand and reputation is in the market, market share, number of units, scalability, etc...Transaction Structure, never buy a Property Management business for cash, you must include an earn-out structure or provision to protect the purchase against clients/property owners leaving post-transaction.
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17 April 2024 | 13 replies
My company does the following:• Free and simple MLO Licensing (22 hours online or in person and you choose your schedule)• Mortgage team to handle the backend (meaning, no structuring, underwriting or processing loans) • Competitive mortgage rates backed a company with 20+ years in the business• Downline revenue stream on the lending side (similar to EXP model.)• They do not have to change brokeragesIn my mind, there aren't many cons to this.
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18 April 2024 | 4 replies
Hey @Craig Simak, are you looking for an attorney to conduct real estate closings, someone to help with entity structuring, someone skilled in landlord/tenant law, or something else entirely?
18 April 2024 | 2 replies
Any inputs on how to make my offer appealing and how to structure the deal?
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16 April 2024 | 3 replies
Generally, you can deduct travel expenses directly related to your rental property business.