Long story short, I tested a new contractor on a rehab. The project had massive scope creep so it was difficult to pin him down on a final price when he was in the middle of working. Anyway, he recently sent me his fi...
In regards to hard money lenders, do they prefer to fund the entire deal and take their % or can it be broken up? Meaning I put the down payment down and they fund the fix up costs for a fix and flip? For example fo...
Hello all,
I am a newbie and whenever I go on Loopnet and look at multifamily listings, I notice that a lot that on financial Summary's are exaggerated. For example, today I was looking at a 4-plex listed at $400k at...
Hi all,I was wondering if there is a "standard" requirement for equity in a property that lenders would require before allowing a property be turned over to a rental. For example, if i were to purchase a rental prope...
Curious. Once you did your due diligence on a rental and get a renter in there. Say you get alot of repair requests early on from the tenant and the pace of repairs does not slowdown. What trends or types of items t...
Let’s say a real estate private equity firm like Cardone Capital, MLG Capital etc sets up their deals like this:8% preferred return, 1% acquisition fee, 1% asset management fee on revenues,1% disposition fee and a 70/...
Does anyone have experience converting apartment buildings to individual condos? For example, if you bought a 20 unit apartment building for $300M and converted it to condos selling for $400k each (this is Californ...
Hi, Is there any corelation between GRM and Cap rate when evaluating multi family home deals? Pl suggest. Thanks
Hey there BP!I need some advice on how construction loans "typically" work.I am working with a private lender on a construction note., now this is not a typically loan that this individual provides, but he is willing ...
Hi, I've listened to some episodes of the Landlord Diary, and many hosts mention that when they do rental arbitrage, they price their properties at 2 to 2.5 times the base rent. This seems unrealistic to me. After che...