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26 July 2024 | 14 replies
So things like choosing a visibly comfortable sofa instead of a cheap futon will help you stand out and attract bookings on autopilot.
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30 July 2024 | 18 replies
3 Steps To Take Immediate Action:1) Set small, short-term goals (establishing a one-year, three-year, five-year goal has helped me tremendously)2) Seek help from people smarter than you (I am never shy to ask questions, even the stupidest ones)3) You grow through what you go through (We will make mistakes along the way and that is ultimately what will help us become better investors)
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30 July 2024 | 19 replies
I have a HELOC on my 4 unit and used it to help fund two other BRRR projects.
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31 July 2024 | 20 replies
I specifically want to expand on Chris's point by discussing capital risk buckets, which help set a target return range for IRR.At my company, they are as follows:Core: Lowest risk, Class A product, in Central Business Districts, ranging from 7-10%+ levered IRR (since you're in development, I assume this is most of the asset class you handle).Core Plus: Still low risk, strong location with potential upside, 10-13% levered IRR.Value Add: Medium-high risk, Class B+ or B-, mediocre to strong location with operational or physical upside, 13-15% levered IRR.Opportunistic: Highest risk, major upside potential, varying locations, 15-20% levered IRR.As for the GP/LP split on promoted interest, GPs can choose an aggressive split, but the decision should be strategic and consider the preferences and risk tolerances of potential investors.
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29 July 2024 | 9 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
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29 July 2024 | 6 replies
Most options are 1bd/1ba and just wanted to know if anyone had some specific area knowledge that might help!
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29 July 2024 | 8 replies
If you know anyone that might be able to help me out or would like to share some wisdom with me regarding Jacksonville, I would appreciate it greatly.
30 July 2024 | 16 replies
Consider saving, or bringing in a partner to help hedge the expenses
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30 July 2024 | 8 replies
It might help pay for your expenses if you house hack but I bet the number of markets a 3.5% down payment is cash flowing has shrunk significantly over the past 2 years.
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30 July 2024 | 2 replies
Yes, I've both done a few 1031s and helped more than a few people as the QI for their own 1031 exchanges over the years.