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29 October 2021 | 0 replies
So if you find one whose willing to operate in truth, honesty and integrity then they will not have a problem with the following (13) Rules of Engagement I have created when dealing with PMLs.1-I require that we transact all business using a local Title Company of my choosing, using their resources (i.e. title search etc), their loan servicing capabilities and an attorney of my choosing to draw up contracts.
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3 November 2021 | 5 replies
Being that your competition has the gate, it seems that is the standard to operate at.
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31 October 2021 | 9 replies
For larger multifamily, this will typically be $200k - $500k+Lender will want to see net worth equal to the size of the loan and about 10% liquidity.Every lender is slightly different, but this is what I have seen in the 1000+ units we own and operate.
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31 October 2021 | 3 replies
What kind of operation you running over there?!
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1 November 2021 | 4 replies
You can write off operating set up costs: legal, accounting, advertising, property management with clear invoices that are easy to pull out of a box in the event of an audit.
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1 November 2021 | 7 replies
Seems like B and A classes don't provide high cashflow after operating cost.
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31 October 2021 | 0 replies
Four tenants are going to be evicted soon as they have started a grow operation in four of the units and the rest are behind in rent.
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11 November 2021 | 18 replies
Select a location with relatively low operational costs.
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2 November 2021 | 7 replies
you get some income each month (hopefully) but even with rentals, you are building more and more work with each new asset in the portfolio.If you want to be passive, you start investing in other operators, either as a private lender or equity investor.
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11 November 2021 | 3 replies
How important is being in a mastermind in your local area vs being involved in one in the market you plan to operate in?