All Forum Posts by: Joseph M'Mwirichia

@Alejandro Cuevas Welcome! Do something daily that pushes the deal forward

@Jerryll Noorden Period. FULL STOP 👌

@Courtney Kelly they would basically act as transaction coordinators in this case. Like anything else there're pros and cons. Since you are looking at a multifamily deal, do the numbers work for you? Stress test them, and if still yes and everything else checks out, no reason not to do the deal. #keepwinning

@Peter Tverdov mind elaborating a little on the 1.5X guarantee on security deposit to your client, my.math isn't adding up. Thanks!

Sweet deal. Congrats!

@Nick Macklin my guess is you'd need to get the county records office to adjust its status to 4 dwellings, otherwise you'd have non conforming property and possibly difficulty transferring it. Also permitting would pretty much force your hand.

Congrats on paying off your primary home and welcome to BP. Have you considered a HELOC on your primary to raise the down payment $ for your investment properties? Using the BRRRR strategy, you'd smash your 3 property goal in no time.

Need more information to offer a reasonable opinion. For starters, what's the area, gross rent, NOI?

Grace, is that sale price right? Looks like a massive loss...which I am certain it was not. Congrats on the flip!

Congrats!