Rakesh Battula
Potential Investment - Medical Office Building on LoopNet
13 June 2024 | 2 replies
It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?
Kyle Kline
Personal Funds vs. HELOC to Fund a Property
14 June 2024 | 14 replies
We've replaced 5 water heaters in a single year, had plumbing stoppages that resulted in 3-5k worth of work, and even had to replace 1/3 of the pier and beam foundation in the house we're currently living in.
Greg Snell
Property Management Evansville
13 June 2024 | 5 replies
What you're experiencing isn't normal, so I would suggest getting things set straight with your current management company quickly or changing gears and hiring a new PM.
Alan Mills
Colorado Eviction Question
14 June 2024 | 7 replies
But still, the situation isn’t just with the current circumstances, it’s also just a way for me to put myself through school on the process.
John McGuirk
Seeking advice for lead gen for a luxury spec/custom design-build firm
12 June 2024 | 2 replies
I haven't seen financials but they've stated their net income is 30% (spec) and 20-25% (full custom), shovel to keys in 8-9 months.I'd like to help them execute an outbound S&M strategy but I'm new to this side of the RE world (I was a mortgage lender in a previous life and have some familiarity) and I'm trying to learn more about it.
Ashley Dennis
Self directed IRA or hold on my name using retirement funds
12 June 2024 | 1 reply
I am considering two options for purchasing a A+++ SFR cash, Option 1 to place in a self directed IRA and let the IRA own the property and Option 2 is to buy in cash upfront and pay the taxes owed.I am 62 years old and have another five to seven years prior to retirement and so I am trying to set up my portfolio for income generation by that time.
Mason Carter
Best property management software???
14 June 2024 | 4 replies
You should only have to change when your current software has a flaw or lacking feature that is causing you to spend too much work on a work-around.
Nina V.
Insurance rates on long term rentals
13 June 2024 | 3 replies
I found my city, found what I thought was a good deal only to find out insurance rates were 2X more than in my current hometown for a long term rental.
Justin Sullivan
REI meetups and events
13 June 2024 | 3 replies
Currently, I have one LTR and aim to scale my portfolio while maintaining my day job.
Thomas W.
Looking for advice on taking on HELOC + Mortgage
12 June 2024 | 5 replies
I am not house hacking.This means that’s I will get less favorable rates AND will be covering a HELOC + second mortgage with the rental income, which seems difficult.