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10 June 2024 | 12 replies
I'm definitely new and I don't have all the logistics planned out this is just the vision now I'm trying to backwards engineer and figure out my steps I thought my first step would be to househack a 4-Plex on an FHA loan and then graduate to six or 12 units and then move on to bigger properties most likely outside of Chicago to your point. right now I am very confused this is the second time someone has said that four unit is not like a six or 12 but I'm not really sure in what ways is it the underwriting is it the management is it literally every aspect of it.
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11 June 2024 | 20 replies
If you don't have sponsorship, by definition you don't have a deal - full stop. in some aspects, but but I'd argue in development you have to find land and partners at the same time. you have to have a competitive advantage and local knowledge. may not apply and probably different sectors. we break development up into multiple raises like Series A, Series B, etc in venture debt and discount equity tranches based on what stage the investor comes in for higher returns it's earlier like when we are investing in engineering services etc we recapitalize and spend our money with an equity sale and recapitalization. structured finance is so interesting
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10 June 2024 | 23 replies
I know a few people who are realtors in real life from BP and had a horrid experience with the BP lead engine.
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10 June 2024 | 3 replies
Greetings,I am a recent Civil Engineering college graduate, and I am looking for advice on how to secure funding.The deal is located in FloridaI am currently in process of purchasing the Land for $18k free and clearI will be building an 1100 SQ/FT home construction cost will be around $130,000What are some ways I can secure funding as a 21-year-old inspiring developer?
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10 June 2024 | 6 replies
Whether it is to build out your own in-house PM company, renegotiate vendor contracts on your properties with your new unit count as your bargaining chip, or just build out a more robust administrative team, now is the time to do it to support your needs for the next market phase.
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10 June 2024 | 49 replies
Next reverse engineer.
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10 June 2024 | 11 replies
It is required to have a building permit/inspection and hire licensed professionals for Electrical, Mechanical, Plumbing, and structural engineering for load bearing, gas line work, and septic systems.
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12 June 2024 | 57 replies
We've grown into a robust platform that rivals the likes of Buildium, but our sweet spot is working with property managers and landlords who have up to 150 units under their wing. 🏡 But we've also built a ton of tools over the years (and continue to do so) that allow PMs to scale their business, so a lot of people tend to grow with TenantCloud, and as a result, we have a ton of users with well over 150 units, too.In terms of accounting, we've got everything you need to keep your books in order.
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10 June 2024 | 30 replies
I think the best approach is to have a free and open fast search engine that organizes all the delinquent property lists across all the 3,000 counties and links back to the Source of Truth at the government site.
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9 June 2024 | 5 replies
Is there any way to get a ball park idea for this without engineering documents to generate a quote from an excavation company?