Parth Patel
Ground Up New Construction Hotel Project Analysis Help
19 June 2024 | 4 replies
I'd recommend mixing in more commercial to balance out multiple assets, buy a liquor license for a few hundred thousand, etc to make the deal work a little better. columbus hospitality isn't as strong unless you are in the urban core but even then I'd go for a lower risk asset class like multifamily and retail mixed use. hotel is very strong operator but management intensive.
Benjamin Sol Ignacio
New Small Scale Investor Focusing on Small Multi-Family Properties!
18 June 2024 | 7 replies
I am trying to run some numbers in a few areas but am having trouble finding the deal within my buy box!
Renzo Roffmann
New investor needs advice - Cleveland OH
18 June 2024 | 2 replies
My property taxes are high - around 9k a year.I’ve been out of touch with the market this year dealing with an illness and I’m trying to make the best decision cause this is my lifetime investment and extra income.
Cody M.
Purchasing 4-plex and owner Occupied with existing tenents.
19 June 2024 | 2 replies
Get familiar with timelines and outs in the contract if anything pops up that is a deal breaker.
Jack Miller
Good tax returns but no job while in grad school
18 June 2024 | 9 replies
With a househack, you could possibly get low 6's with a buydown or a sweetheart deal, but I wouldn't plan on it.
Brian Doyle
9 units in first 5 months, I'll be looking for some advice!
19 June 2024 | 1 reply
Occasionally, if the deal isn't as good lenders will require you to fund the rehab out of pocket.The problem you'll likely face is getting renters in the storefronts.
Robby Sanchez
Just adding this 4 years late! Lol
18 June 2024 | 2 replies
Purchase price: $169,000 SF new construction What made you interested in investing in this type of deal?
Julian Marmelo
How do I calculate my ARV with a DSCR Loan?
18 June 2024 | 6 replies
Aloha Julian, Just to add onto what everyone has said, 1-4 unit deals (residential) are typically underwritten differently from 5+ unit deals (commercial). 1-4 units are easier to close and you get more money for them because of how DSCR is calculated:- Residential (1-4 units) DSCR = Gross Rents/Mortgage Payment- Commercial (5+ units) DSCR = Net Operating Income/Mortgage PaymentIt's important to note that in both cases above, there are exceptions.
Ryan Biankowski
I have $10,000 cash, how can I get started in flipping houses?
14 June 2024 | 25 replies
You can build relationships with wholesalers who know your market and can provide you with leads on "Off-market" deals or you can use an agent to find something on MLS for you.
Weston Knudtson
New Member Intro
18 June 2024 | 14 replies
It helps getting a good deal on a property and securing financing.