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11 February 2025 | 31 replies
Second year distributions rise to 5.27%, third year 7.27%, according to the projections.Those projections may be at risk, for many reasons: the recent huge increase in interest rates -- increasing the cost of loans and decreasing valuations, insurance costs have skyrocketed, real estate taxes are up, labor and material costs for repairs & renovations have increased, etc.On the plus side, the majority of the ODC funds were designed to be high value add projects with plans to increase operating efficiencies, add tenants and raise rents.
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24 February 2025 | 7 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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5 February 2025 | 35 replies
Quote from @Anthony Sigala: We are all aware of the 1% rule--the gross rent produced by a property must equal 1% of the of the property's acquisition cost.
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17 January 2025 | 19 replies
The only approach I’ve found effective is offering a deposit alternative, which lowers upfront costs for tenants without devaluing your property.
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4 February 2025 | 14 replies
Items such as this that could be easily replaced by almost any LL at a very minimal cost, will turn into a $135 aggravation at best if you overlook it!
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19 February 2025 | 7 replies
It is easy to underestimate the timeline.It is easy to underestimate loan costs.
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24 February 2025 | 1 reply
If the raw land is worth $1.4M–$2.03M as you mentioned, you’ll want to make sure there’s enough spread for an investor to feel comfortable, especially if they’ll need to front construction costs.
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5 February 2025 | 2 replies
Having a vacancy costs money!
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16 February 2025 | 2 replies
The house has appraised for $335k, my hard money note is for $242k, and I'm looking at only about $15k out once closing costs, taxes, and insurance are accounted for.
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31 January 2025 | 7 replies
If it costs $100,000 to install an ADU and it rents for $1,000 a month, then it may be worth it.