All Forum Posts by: Andrew H.

Hi all - I am under contract to sell a 2-family property in CT; however, the ground is owned by a non-profit.

The buyer is getting FHA financing, and FHA is insisting on an appraisal comp for other leasehold properties to show marketability.

Are there any databases that list leasehold properties?

Thank you in advance.

-Andrew

Hi @Alex Dem - I would definitely appreciate a referral to your branch manager.  Thanks,

@Jonathan Greene - That is a great blog post.  Will definitely utilize the steps.  Thanks,

@Filipe Pereira - I actually invest in the Greater Hartford area.  It would be great to learn more about your broker.  Thanks,

Thanks Shawn.  I'll check out Keller Williams...

Hello - 

I am looking to hang my real estate license with a real estate broker.  I am looking to work part-time as an agent.  I want to use my license to have access to the MLS and to buy investment properties for my portfolio.  (I live in NYC and invest in CT.)  

Can anyone recommend a brokerage firm? 

Thank you in advance for your help.

I know this is an old thread.  However, I came across this website with a sample chart of accounts

http://www.powerpropertymanagement.com/pdf/account...

I personally like Dave Ramsey. Check out his podcast or his book (Total Money Makeover). It has helped me to plan, budget, and eliminate personal debt (although I still leverage my investment properties). http://www.daveramsey.com

Hi @Nathan Click - 

Thanks for the reply.  I will send you an email.

-Andrew

Hi @Michael Noto - 

Thanks for the reply.  The property is located in the northend of Hartford.  I will send you a separate message with property specific info - i.e. cash flow projections, comps, purchase agreement.

I've spoken to a few lenders (i.e B2R Finance, Quicken, BBMC) who can do the take-out.  BBMC says they can do an immediate take-out.  While B2R needs approx 3 months of seasoning, and Quicken needs 6 months.

The main challenge with this purchase is we could not do an interior inspection because it is an auction.  Both units are occupied by tenants.  We, however, got comfortable because of 1) newer 2007 build 2)  exterior looks fine (and we heard the interior is in good condition, although we have not gone inside) 3) we expect any interior repairs to be limited i.e. $10k, if necessary 4) discount of purchase price to comps.

Thanks,