9 April 2024 | 67 replies
Just pulling something from the internet (don't trust everything you see so take this with a grain of salt I'm not a lawyer): "If the building in question isn't officially designated as an SRO or hotel, it is illegal for landlords to rent individual rooms to tenants for a number of reasons, including that it could allow landlords to evade the maximum rent permitted by the Rent Stabilization Law and Code."
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9 April 2024 | 13 replies
The big issue here is that the legality of the receipt of out-of state referral fees is entirely permissable if you are licensed in Florida and your license is active with the DBPR and if the Principal is fully aware of the arrangement to pay you a fee this is the important part.
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8 April 2024 | 0 replies
This post explores the importance of sustainability in real estate, highlighting green building technologies, the significance of ESG criteria in investments, and how these practices are paving the way for a greener future.The Rise of Sustainable Real EstateSustainable real estate is about more than just energy-efficient buildings; it's about creating spaces that enhance the well-being of their inhabitants while minimizing environmental impact.
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8 April 2024 | 4 replies
Most important in both cases is having an LTV of 80 or better, a good fico score, and a DSCR of 1.00+
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10 April 2024 | 22 replies
Wow that's an incredibly important nuance, thank you for raising that.
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7 April 2024 | 8 replies
Who will address tenant nonpayment issues, including evictions?
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9 April 2024 | 13 replies
When you lose that lawsuit, the court will issue a judgment against each and every partner for the full amount of the damages (which can also include court costs and post-judgment interest and depending on the terms of your loan agreement, maybe even the lender's attorney's fees for the suit).
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8 April 2024 | 2 replies
If you're operating an STR out of an ADU (includes basement ADUs) you can only STR up to 120 days/year.
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8 April 2024 | 4 replies
Don't get me wrong, some of those are important in moderation.
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8 April 2024 | 8 replies
Another important factor here is your deal flow.