7 March 2022 | 14 replies
I have plenty of friends using money to fund their projects and really, have no idea where the funds are coming from.
24 July 2018 | 8 replies
Without an asset management fee in place (and corresponding language in the operating/company agreement) there is no incentive for another person or entity to take the reigns and see the project through.Another important consideration is the probability that revenue does not meet and exceed the preferred return, in which case the issuer/manager would not receive a cash flow - this can lead to reduced effort and mismanagement of the assets.
1 August 2018 | 11 replies
(These are different formulas, because you are looking for different things within each DOM)9...and that's just the basics
14 August 2018 | 11 replies
I have offered to help on projects since I have some skills in trades, but people don't want someone that can only show up for a few hours a day.
11 September 2018 | 2 replies
The house building experience taught me a lot about working with contractors, negotiating, and project management that I would later use in my real estate investing.When we closed on the mortgage for our new house, we had the house appraised and we were shocked when house appraised at over $150,000 more that we had invested into the house.
29 July 2018 | 10 replies
They really have no incentive to agree to it, since it’s basically an increased monthly payment for them.
22 August 2018 | 45 replies
Im basically leveraged up the wahoo currently but that's the price for expanding quickly (32 units in 2.5 years)over $4 million in properties and 75% leveraged. only have $120k in reserves haha...rental income is at 65k/month so that does help mitigate some risk
24 July 2018 | 12 replies
I'm just about to start my first house hack duplex rehab project here are ideas I'm considering:-high efficiency toilet system-ceiling fans in bedrooms and main rooms-electronic keypad door locks-programmable thermostat-programmable electric bathroom baseboard heater
3 October 2018 | 25 replies
Also, adjacent to the Edgewick condo community, new construction project.
1 August 2018 | 22 replies
Also, a HML will not give you funds to purchase materials to get the project started.