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9 April 2024 | 6 replies
I've had security deposits and pro rated rent at closing on dozens of deals with all kinds of loans including FHA.Are you maxed on credits?
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9 April 2024 | 0 replies
Advani underscores the use of modern software solutions for everything from rent collection to maintenance requests, suggesting that technology is not just an option but a necessity for contemporary property management.He also touches on the importance of building a community among tenants, whether through events or shared spaces, to boost retention rates and create a more desirable property.The Future of Construction: Innovation and SustainabilityIn the construction segment of his discourse, Advani delves into how technological advancements and sustainability are becoming increasingly pivotal.
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9 April 2024 | 8 replies
The rates will be much lower than a HELOC and the leverage is also higher.
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9 April 2024 | 4 replies
They have better rates and we are ok buying in our personal name for a single family.
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9 April 2024 | 7 replies
My plan is to take the $800,000 equity I now have in my two unit building, wait until rates drop in the future and borrow against it to purchase a few other properties.
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9 April 2024 | 1 reply
This strategic move paid off handsomely as we were able to command higher rents than initially projected.Here are the key financial details of the deal:Purchase Price: $270,000 (jointly with a partner)Financing: Obtained a commercial bank loan with a 30% down payment, 7% interest rate, and a 20-year amortization period.Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)
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8 April 2024 | 2 replies
Here's a comforting fact: Reno's got a handle on occupancy rates, keeping things smooth and steady for investors who like predictable cash flow.
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9 April 2024 | 4 replies
I rely heavily on the cleaners ratings.
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9 April 2024 | 2 replies
Do I take money out of my homes equities and buy more rental properties that way and just bite the bullet on the cost of a HELOC interest rate.2.
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9 April 2024 | 1 reply
Amazingly, the bank holding the underlying note AGREED to allow the wrap as long as our LLC remained on the note, with NO change in interest rate or terms!.