18 October 2024 | 34 replies
To be honest, this feels overwhelming, especially knowing I couldn’t pay it all off quickly if I had to.Out of that $900K, about $500K is tied to 30-year mortgages on my rentals, with interest rates ranging from 2.99% to 4.375% and 400k on primary at 6% 30 year.My total monthly mortgage payments are $5,500 on my rentals, and my long-term rental income is $6,850, giving me a monthly surplus of about $1,300.
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18 October 2024 | 14 replies
I'm trying to stay away from the $600+ price range.
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15 October 2024 | 21 replies
What do you all think are the pro's and con's of a 5 yr ppp in the mid 5% range vs 3 yr ppp in the mid 6% range.
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18 October 2024 | 29 replies
I'm Italian, and originally from North Jersey/NYC area so we just send out some guys that specialize in knee cap alterations 🤣.Ok, more seriously, I personally believe in responding to reviews both positive and negative because it builds a critical body of work such that when you do respond to negative reviews it doesn't look out of place.
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15 October 2024 | 2 replies
Here is what one of my 4 AIs say:The commission structure detailed in the image for a real estate transaction involving a property valued between $30M and $40M is as follows:Under $34,000,000: 1% (0.50% per side)$34,000,000 - $34,999,999: $400,000 ($200,000 per side)$35,000,000 and above: $500,000 ($250,000 per side)To evaluate whether these commissions are fair for a 112-unit apartment complex valued between $30M and $40M, let's compare them to typical real estate commission rates for large commercial properties:Typical Commission Rates:For commercial real estate transactions, commissions generally range from 1% to 3% for properties valued above $10M.
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16 October 2024 | 2 replies
Highs typically range from 87°F at the start of the month to 74°F by the end, with lows cooling between 65°F and 53°F.
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19 October 2024 | 16 replies
The tenant segment we've targeted for over 17 years is families with elementary school-age children and a gross household income between $65,000 and $85,000.The only properties this segment will rent are:Type: Single-familyConfiguration: 3+ bedrooms, 2+ baths, 2+ car garages, 1,100 to 2,400 SF, one or two stories, lot size 3,000 SF to 6,000 SF.Rent range: $1,800/Mo to $2,300/MoLocation: See the map below for the areas where our target tenant segment chooses to live.What has been our results following this process?
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17 October 2024 | 14 replies
It usually ranges from 10-15% depending on experience.
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17 October 2024 | 12 replies
Aiming to get it in the 16-25% range, mostly titled towards STRs/SFRs and slightly towards commercial places.
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15 October 2024 | 8 replies
Our mods range from 275sqft to 480sqft.