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11 February 2024 | 34 replies
Typically less than 1.1%, but I use 1.2% to be safe in my pro formas.
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9 February 2024 | 6 replies
I know you are just getting into things so I be happy to help inform you on how some deals operate and maybe bring you one!
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9 February 2024 | 3 replies
Currently operating at 83% occupancy with $319 ADR
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9 February 2024 | 6 replies
@Nicholas Toti with a BRRRR, there are typically 2 different financing methods 1 when you buy and one when you refinance.
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9 February 2024 | 2 replies
I think your biggest hurdle would be speed as these typically have seasoning requirements.
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9 February 2024 | 10 replies
I laughed at your casual use of the word, "sponsors," as though it is typical for investors to send their money off to heavily marketed investment schemes.
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9 February 2024 | 6 replies
One operation I contacted is projecting a return of 200k (100% return in 5 years) which seems surprisingly good.
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7 February 2024 | 2 replies
My friend set up an LLC with an operation agreement, trust, limited partnership, and assets protection plan, which cost her $10,000 with a good law firm.
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9 February 2024 | 7 replies
And if I was investing in him, then yes, I'd think he's a great operator just from his motive.
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9 February 2024 | 5 replies
Thanks Yes, property insurance is an operating expense and decreases your NOI and cash flow.