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5 June 2024 | 3 replies
That said there are other more expensive products like MH Ready Patch (original formula with high VOC levels if you can find it), Synko Patch and DAP Platinum Patch which are designed for both interior and exterior use on wood, plaster, masonry, etc.
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5 June 2024 | 2 replies
We have discussed Sellers Financing with a 2-3 year balloon, i just don't like all the liability being on me and it not being though a bank and just a contract, if god forbid something happens to be at the end of the balloon ,then my family would be in a pickle they couldn't just sell the building to help with the financial burden, and would have no use for the building if I'm not there working.
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7 June 2024 | 11 replies
if you can build at 50% of after value I'd hire you and I build the cheapest of anyone I know in our market and minimum rates. there's 3 builders that build at our rate. only place I can get us to 50% equity is in miami florida and that is new construction that is selling at $1000 per square foot and up and high density 300+ unit underwriting with incredible economies of scale. columbus has lower construction costs but lower exit. we focus on urban core. my best suggestion is look at urban not suburban for higher valuations. you can't control what new construction appraises at so do it in less risky areas.
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7 June 2024 | 10 replies
If you were to put aside the money that would go to extra payments, what interest rates would you get on that (ie would it make more money sitting in a high yield savings account instead of paying down a low interest rate mortgage)?
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6 June 2024 | 0 replies
Partner Driven was interested in the Curran St deal in Burlington, IA, due to its high profit potential.
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8 June 2024 | 21 replies
Study names Columbus as the fastest growing city in the U.S.I'm kicking myself for not taking the plunge two years ago, back then I thought 4.5% was high!
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6 June 2024 | 23 replies
At the end of the day, comps and recent sales usually within the last 90 days matter.
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7 June 2024 | 8 replies
Mold and mildew may have started to grow in those areas, which can end up very bad if it gets inside wood or plaster.
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6 June 2024 | 57 replies
Then I ended up writing a book on multifamily investing, and told my wife I was in apartments for life (she was tired of all the restarts over the years!).
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3 June 2024 | 8 replies
I was told by 2 lenders that my DTI is too high because my taxes show a loss on rental income.