All Forum Posts by: Dave Schimmels

I'm throwing out an example. I'm asking what do others do? I was just giving a simple analogy to see what others have done with any investment in regards to anybody giving capital for investments. 

let's do it a different way. If I borrow $100K from any of you and you agreed to 15-25%, would you want that compounded yoy for 3-5 years. Or how would you want to get compensated for lending me the capital? 

thanks

Chris Martin 

I don't have a deal from the amounts I have given. I was just wondering how someone would structure a deal if family or friends were chipping in capital for an investment. If I were to to gift someone any amount for an investment I would want to know what return I would be getting.

Chris Martin 

I don't have a deal from the amounts I have given. I was just wondering how someone would structure a deal if family or friends were chipping in capital for an investment. If I were to to gift someone any amount for an investment I would want to know what return I would be getting.

I guess it depends on the deal. But if I could work in cash flow splitting for more incentive. I've heard of a bunch of different ways. I'm just wondering what others might be doing to make the deal sweet.

I guess it depends on the deal. But if I could work in cash flow splitting for more incentive. I've heard of a bunch of different ways. I'm just wondering what others might be doing to make the deal sweet.

Question: If I asked a family member for a $25K  down payment on a $100k purchase and offered a 15% on his investment, but were to hold the property for 3-5 years. Would you compound the 15% yoy? I think obviously the value should be definitely higher and refinance if applicable to pay back his 15%. I hope this makes sense for someone to answer. I'm a new investor trying to gage  in another purchase in the future. 

Thanks

Thank you

I will be closing on our first investment property May 3rd and I'm going through a large real estate agency. I bought the house for $85K. I'm told its estimated around a $5,200 close and of course I asked all the questions prior to us making an offer, to make sure the numbers work in our favor. I was told by the agent 2-4%. If we do the math, we are at a bit over 6%, that's a big difference. Is this a correct percentage or does someone have some advise for my next one? Thanks for any info in advance.

Thanks for the information. 

My wife and I bought our first duplex with tenants in place. 2nd floor tenant is on a year lease, but the first floor tenant is month to month and has been renting for the last 16 years. She is older and is on a fixed income. The seller does not have a lease to transfer to us. Her rent for the last 16 years has been $495 for a 3 bedroom, which is definitely very cheap ($850 would be more acceptable). My question is: how do you go about raising rent from $495 to $625 and getting on a 1 year lease after 16 years with no increase. (insurance cost $75 more for a short term rental)?

the tenant being older and on a fixed income also has someone else living in the unit, that may be able to contribute. Being new as a landlord, we are not sure how to go about it.

Do we have them fill out another application? Or do we give them a verbal and written notice of the increase first? In case they decide they want to move out in 30 days.

thanks for any advise in advance