Adam Macias
"Nearly Half Of All Real Estate Agents in 2023 Sold No Or One House"
26 March 2024 | 28 replies
If we turn the tables and say it could be a 95% failure ratio. ( doubt it's ever that high but just for conversation sake) In general for the whole country if we count everyone.
Robert D.
chicago demo court
25 March 2024 | 13 replies
Chicago demolition inspector is sneaky, devious, disrespectful, plus quick to be both highly rude & negatively-assumptive.
John O.
Multiple water heaters keep corroding
22 March 2024 | 10 replies
By the way, use a quality impact wrench when switching anodes.
Jeffrey Mains
Florida State STR Legislation Preempting Local Ordinances
22 March 2024 | 0 replies
Specifically trying to understand the impact on Single Family Residential zoned in Sarasota County that was previously limited to greater than 30 day rentals and one rental within a 30 day period.
Roberta Markevitch
STR Arbitrage... is anyone doing this successfully?
25 March 2024 | 25 replies
Great strategy to bring in high returns and cash flow & easier to scale.
Jacob Dionne
The NEXT one......
20 March 2024 | 3 replies
DSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?
Stephen Barton
How do you find deals for your buyers?
25 March 2024 | 15 replies
They trust me based on my rep on social media, Youtube, etc and if they don't trust me, they learn after 1-2 offers are submitted (not high enough) and they do not get property.
Kermaury Musgrove
Buying First Property
24 March 2024 | 11 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Jacob Bremer
Proof read my estimate -
22 March 2024 | 0 replies
This puts us somewhere between 18-27mo pending sale.Land Acquisition: 1M + 50K in closing costsHard Costs:Demo: 50KConstruction + Architectural Plans (survey, topography, permitting included) = 1.6M + 80KPool: 100KSoft Costs:Appliance package: 50KFurnishings: 75KLandscaping: 20KAnnual Carrying Costs (utilities/property tax/maintenance): 45KTOTAL: 3,025,000.00 After speaking with two lenders, it seems the best course of action would be to put 20% down on land for 12mo/interest only.
Michael Courtenay
Review of American Private Money Group, FMC Lending
25 March 2024 | 26 replies
As much as I'd like to find a legitimate private investor, I am now leery of who I am talking to, which leads me back to "larger, super high interest prepayment penalty corporations".