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4 February 2025 | 1 reply
Anyone over 18 fills out has to furnish their social security and driver's license numbers, and pays a fee for a credit / background check.
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11 February 2025 | 11 replies
Ask me privately.Financial Highlights- Gross Potential Rent: $98,061 per month ($1,176,732 annually)- Total Income (5/1/2023-4/30/2024): $1,357,459.80- Net Operating Income: $896,896.09- Existing assumable loan: $6.7M at 5.38% fixed rate until 2029Value-Add Opportunity- Partially renovated property with potential for further upgrades- Current loss-to-lease suggests room for rent growth- Opportunity to implement operational efficienciesMarket Dynamics- Huntsville's population grew 9.4% between 2020 and 2023- Strong job growth, particularly in aerospace and defense sectors- Significant multifamily supply growth (15.9% inventory expansion in past year)Investment Strategy- Assume existing favorable financing- Implement value-add renovations to drive rent growth- Capitalize on Huntsville's robust economic expansion- Target hold period: 3-5 years to align with loan maturityRisks and Considerations- High market-wide vacancy rate (17%) due to recent supply growth- Potential for market softening due to rapid inventory expansion- Property age may require significant capital expendituresThis opportunity offers a blend of stable cash flow from the existing operations and upside potential through strategic improvements, all underpinned by Huntsville’s strong economic fundamentals.ⓘ This is not an offer, solicitation of an offer, to buy or sell securities.
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31 January 2025 | 8 replies
I chose to invest most of those gains into a trucking company due to the lack of patience at the time and my 10 year experience being a tractor trailer w-2 driver.
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8 February 2025 | 1 reply
I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?
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6 February 2025 | 13 replies
Tax code should never be the sole driver, or even a primary driver, in investing.
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14 February 2025 | 3 replies
the additional of richenbacker airport, and the Ohio river really make the freight and logistics passing through a major economic driver, but its far from the only one.
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15 February 2025 | 6 replies
If you have enough money but your business is the main driver of income in most cases you can make more money putting time into the business.You could also get creative here.
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16 February 2025 | 27 replies
They'll require that you fill out a bit more information, and even ask for a picture of you holding your driver's license next to your face to confirm your identity.
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8 February 2025 | 3 replies
The facilitator’s address was in a mobile home park, and the bank account could not be verified.Inconsistent Identification: Despite receiving a copy of Chris Anderson’s driver’s license, phone number tracing showed no connection to him.Incident 2: 2nd Financial Opinion ServicesThis entity appeared more sophisticated but was equally deceptive:Authentic-Looking Documentation: The LLC was legitimately registered in Missouri, with a seemingly professional website and clean background checks.Misleading Identification: After requesting proof of legitimacy, a passport with the supposed principal's photo and corporate documents from the State of Missouri were provided.
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7 February 2025 | 3 replies
Since you're looking to expand into Florida and other states, I'd recommend starting by narrowing down your focus:Market Research – Florida has great opportunities, but each state and city has different laws, taxes, and demand drivers.