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11 January 2019 | 6 replies
I assume we are at a time in the market where slowing down on acquisitions and increasing your network is the best use of time.
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12 October 2020 | 9 replies
Hi Kristin, when I run my numbers I personally start from the ARV and work my way back, in this part of the year I try to go conservative on my ARV and then even take 5-10% off that just to ensure the deal still works, then I run my rehab numbers, add an additional 5-10% on that just to ensure a buffer in the event something unexpected pops up (it will) and THEN I will find my acquisition price, ultimately I want to be ALL IN at about 75-80% of the ARV.
21 March 2019 | 16 replies
To grow and make acquisitions in multiple states with multiple MF properties with possibly multiple partners/investors in different deals, one way to do it is to have each partner have their own LLC, open up a LLC in WY with those LLC as 50/50 owners.
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24 June 2020 | 8 replies
It gives you acquisition, project management and property management experience.It sounds like somewhere in Central or Western Nassau would work best for you.Right now, there are a few opportunities in Long Beach for legal 2-family properties right around $700K and $11-12K annual taxes.
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11 January 2019 | 2 replies
Because when we borrow the acquisition money from a Hard Money Lender, they usually lend 75% of the After Repair Value.
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14 January 2019 | 15 replies
I ended up being offered a position at a family office that invests in US multifamily, and I'm now their senior acquisitions analyst.
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19 January 2019 | 6 replies
For example: 10% land acquisition, 10% design/architects fees, 20% site work, etc.4.)
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11 January 2019 | 1 reply
; )I'm going to assume you're not in the 'trade or business' of lending money, as the fact pattern laid out neither explicitly states nor suggests it.If so, as an individual you're on the cash basis method of accounting (with limited exception) and shouldn't have recognized any interest income so far.Your basis in the acquired property is your basis in the loan plus acquisition costs.Your holding period in the property begins on the date you acquired the property.
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19 January 2019 | 4 replies
Earlier in my career I worked for one of the large SFR REITs that emerged in the aftermath of the GFC.We made acquisitions using a $1bn secured line of credit at ~70% LTC and after reaching enough volume would securitize those homes at ~75% LTV.The products from CoreVest and other similar lenders will be most similar to that strategy.
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18 January 2019 | 2 replies
I had one rental property in 2012 with ex-members of the family which I did not really get involved in the acquisition and selling process then.