My initial plan is to have at least 6 months of PITI in reserves as part of my initial expense for a newly acquired property. On top of that, my monthly capex expense and vacancy expense will be added to these reserve...
I currently own 3 small multifamily homes and am looking to jump into the commercial side. My current units are duplexes and triplexes. I want to sell these and purchase a big multifamily. I found an 18 family bulding...
Hi All,My tenants are currently paying rent with a check but have asked if they can pay electronically. What are the best options for this? and are there fees associated with receiving rent this way?thanks,Leah
I’m gonna stick to bullet points here, otherwise I might get a little long winded...-roughly 1,000 acre parcel for sale-Land held under an LP/LTD (multiple parcels for sale together)-owners took out large development ...
Check out Citi's quarterly balance sheet - they're down 120B in assets, have reclassified ALL prior year quarterly/YE balance sheetswithout saying a word as to why.
Heck, just watch the Q3/Q4 blowout of the TARP moni...
How much reserve capital do you keep in place for your STRs? Specifically when scaling. 3-6 months per property or less once you have 4-5 properties? I’ve typically been conservative, but 6 months reserves for 4 prope...
This is my first short sale. I put in my offer and it was accepted by the seller. Now, I have to wait until the bank approves the offer. So, here I thought my all cash offer with a 30 day close would be a quick turnar...
I was hoping to get some clarity on the rent collection functionality of the stessa/rentredi platform, versus hiring a property management company. I'm confused with the potential overlap of functions. I have read on...
What is best way to find bank owned commercial property?
Another Bank failure.
The FDIC said, "As of March 4, Freedom Bank of Georgia had roughly $173 million in assets and $161 million in deposits. The FDIC estimated the cost of Freedom Bank's failure to its deposit ins...