All Forum Posts by: Jeremy Christensen

I think something got lost in translation. But anyways,  for the price  I could get this property for and where market rents should be on it with light rehab makes it attractive to me.,I could up the rents a couple hundred on each unit without touching it. I have not bought the property yet and have no intentions of keeping it mismanaged but just merely asking what the banks would think. Do you have a lot of rentals in the Escondido area?

I think something got lost in translation. But anyways,  for the price  I could get this property for and where market rents should be on it with light rehab makes it attractive to me.,I could up the rents a couple hundred on each unit without touching it. I have not bought the property yet and have no intentions of keeping it mismanaged but just merely asking what the banks would think. Do you have a lot of rentals in the Escondido area?

Can you explain this to me a little more Daniel? So let’s say the market rents are 1300-1500 they will basically give you 70 percent of that number towards your income? I’m in Wisconsin. 

Thank you Daniel! 

I found a duplex I want to buy that seems like a no brainer as far as what the numbers say but the current tenants in the units have no leases and the building is way below market rents. I’m guessing the banks would not like this so what are my options and what would you do to solve this isssue? Thank you!

@Tom S.

Thank you Tom!

@Karl McGarvey

Thanks so much Karl! Have you ever had one where u did a no money down?

Hello, I am new to this and want to buy a duplex using seller financing. What do the terms of this usually look like, what would a good structure look like and how much down payment could I expect? Thank you.

Hey all, I was listening to the bigger pockets podcast not to long ago. Maybe a month ago and I believe at the time it was the newest episode. My question is, does anyone remember the lender David mentioned that specializes in small multi wnd can close in as little as 30 days. I know, I’m not asking for much haha

Hello everyone! I’m struggling to figure out if I should buy up a piece of land that could be zoned for multi family. The price is great, the layout is good. The reason I’m thinking of new construction is because there is nothing in my area and if something comes available it goes for way over asking price. Should I wait it out or should I build new?