Author Topic: Real Estate investment  (Read 40828 times)

Offline WhiteWolf

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Re: Real Estate investment
« Reply #240 on: April 05, 2021, 12:20:39 PM »
can someone please explain what this means?
"In the event of a property refinance in which at least 100% of initial capital is returned, the post refinance preferred return to investor will be paid only on post refinance balance of investor capital."

Offline GershonNY

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Re: Real Estate investment
« Reply #241 on: April 06, 2021, 10:29:03 AM »
How far upstate? And how many properties?
Catskill region

Offline jackofall

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Re: Real Estate investment
« Reply #242 on: April 06, 2021, 11:31:25 AM »
can someone please explain what this means?
"In the event of a property refinance in which at least 100% of initial capital is returned, the post refinance preferred return to investor will be paid only on post refinance balance of investor capital."
Its a schtickel of steira. Probably comes from a template. I would interpret to say that the pref is gone once 100% of initial capital is returned via refi.   
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Offline WhiteWolf

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Re: Real Estate investment
« Reply #243 on: April 06, 2021, 12:22:39 PM »
Its a schtickel of steira. Probably comes from a template. I would interpret to say that the pref is gone once 100% of initial capital is returned via refi.
I assume you are correct. Most probably a copy and paste that went wrong.

Offline whacked1

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Re: Real Estate investment
« Reply #244 on: April 06, 2021, 01:22:45 PM »
Its a schtickel of steira. Probably comes from a template. I would interpret to say that the pref is gone once 100% of initial capital is returned via refi.
Or a sneaky fella . A snarky way of writing an equity split of 0/100%

Offline jackofall

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Re: Real Estate investment
« Reply #245 on: April 06, 2021, 01:29:59 PM »
Or a sneaky fella . A snarky way of writing an equity split of 0/100%
I don't see how you can interpret it like that. It is explicitly only taking about the "pref" return.
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Offline whacked1

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Re: Real Estate investment
« Reply #246 on: April 06, 2021, 04:39:21 PM »
I don't see how you can interpret it like that. It is explicitly only taking about the "pref" return.
Lol. Ya youre right. I reread it .

Offline VacationLover

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Re: Real Estate investment
« Reply #247 on: April 06, 2021, 05:57:19 PM »
Catskill region
Steinmetz
845-521-9888

Offline GershonNY

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Re: Real Estate investment
« Reply #248 on: April 07, 2021, 09:36:17 AM »
Steinmetz
845-521-9888
You have personal experience with them?

Offline VacationLover

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Re: Real Estate investment
« Reply #249 on: April 07, 2021, 11:45:59 AM »
You have personal experience with them?
A friend uses him to manage a few houses in Monticello area.
I spoke to him over the phone a couple of times, he was very helpful.

Offline GershonNY

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Re: Real Estate investment
« Reply #250 on: April 07, 2021, 02:49:05 PM »
A friend uses him to manage a few houses in Monticello area.
I spoke to him over the phone a couple of times, he was very helpful.
Thanks

Offline good sam

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Re: Real Estate investment
« Reply #251 on: April 08, 2021, 07:20:59 AM »


can someone please explain what this means?
"In the event of a property refinance in which at least 100% of initial capital is returned, the post refinance preferred return to investor will be paid only on post refinance balance of investor capital."
Terrible drafting but it probably means  that the preferred return is payable only to the extent there were additional capital contributions that remain unreturned post refi.
If you don't care why would you comment?
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Offline Yosel

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Re: Real Estate investment
« Reply #252 on: June 09, 2021, 03:05:27 PM »
Any leads for good industrial properties, with NNN tenants for sale, please PM me
doing a 1031

Offline Shmulie

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Re: Real Estate investment
« Reply #253 on: June 09, 2021, 03:42:33 PM »
Any leads for good industrial properties, with NNN tenants for sale, please PM me
doing a 1031

I might know of something

pm'd you

Offline Bukboy

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Re: Real Estate investment
« Reply #254 on: July 14, 2021, 02:20:51 PM »
Any leads to multifamily properties, 100 units+ preferable, please PM me.

Offline CHEAPAVEDA

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Re: Real Estate investment
« Reply #255 on: July 14, 2021, 03:03:16 PM »
I've been thinking about RE investing lately and am looking in the Catskill region. Is zip code 12414 are good area for Airbnb?  What are the regions that is good for airbnb rentals?  I saw a house for sale, turnkey for $500k  and ready for airbnb listing but hesitant b/c I feel like when things go back to normal, prices in Catskills will come down a bit....  Open to suggestions / advices.

This is my first step in RE investing and only have around 150 to 250k to invest.

Are there better areas / states to invest vs Catskills?  It doesn't have to be airbnb or residential - can also be commercial and I might be able find some friends to come into the deal as well.    Thanks for any leads or advices!

Offline AsherO

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Re: Real Estate investment
« Reply #256 on: July 14, 2021, 04:20:16 PM »
I've been thinking about RE investing lately and am looking in the Catskill region. Is zip code 12414 are good area for Airbnb?  What are the regions that is good for airbnb rentals?  I saw a house for sale, turnkey for $500k  and ready for airbnb listing but hesitant b/c I feel like when things go back to normal, prices in Catskills will come down a bit....  Open to suggestions / advices.

This is my first step in RE investing and only have around 150 to 250k to invest.

Are there better areas / states to invest vs Catskills?  It doesn't have to be airbnb or residential - can also be commercial and I might be able find some friends to come into the deal as well.    Thanks for any leads or advices!

I have 0 experience but $500k sounds like a lot for a single unit when you can get multiples in a college town for that kind of money. Hard to believe there’s a year-round market for Airbnb in the Catskills.

Also, Airbnbs need to be managed, potentially more (or at least different) than regular rentals. Do you have a plan for that?

Offline whacked1

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Re: Real Estate investment
« Reply #257 on: July 14, 2021, 04:48:18 PM »
I've been thinking about RE investing lately and am looking in the Catskill region. Is zip code 12414 are good area for Airbnb?  What are the regions that is good for airbnb rentals?  I saw a house for sale, turnkey for $500k  and ready for airbnb listing but hesitant b/c I feel like when things go back to normal, prices in Catskills will come down a bit....  Open to suggestions / advices.

This is my first step in RE investing and only have around 150 to 250k to invest.

Are there better areas / states to invest vs Catskills?  It doesn't have to be airbnb or residential - can also be commercial and I might be able find some friends to come into the deal as well.    Thanks for any leads or advices!
I dont know much about airbnb hosting, however, some general pointers. First off, ask yourself what sort of investor do you envision yourself being; actively involved, pass it to a management company, micro managing etc. I believe airbnb/short term rentals are very hands-on. There are management companies that do it for you though. I would search that zip code and see what short term options are available, if theres not much there, chances are demand isnt great. If there are rentals, check the comps. See how much others are renting theirs for and take and average (remember different times rates fluctuate). Now work backwards, how much would purchase cost, down payment, closing, taxes, repairs, lawn maintenance, w&s, insurance etc cost annually. How many rentals would you need to cover and make a decent return. Be mindful, with airbnb, housekeeping is a rolling number, as with every rental theres more housekeeping costs. Then see if it makes sense in your mind. I did this exercise with a few people and they realized the properties they were looking at made no sense at the end of the day. 

I wouldnt jump into commercial unless you know what you're doing. Start with residential to minimize risk exposure. Other option is becoming an LP (limited partner) on someone's deal.

Offline zh cohen

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Re: Real Estate investment
« Reply #258 on: July 14, 2021, 08:26:34 PM »
Is zip code 12414 are good area for Airbnb?  What are the regions that is good for airbnb rentals?

Some places in the Catskills are making laws that limit the ability to do short term rentals. If you buy with that in mind, and they change the laws on you...

Offline CHEAPAVEDA

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Re: Real Estate investment
« Reply #259 on: July 14, 2021, 09:32:30 PM »
Thank you so much for the insight and advice!! Greatly appreciate it!!