All Forum Posts by: Michael Darten

Hello BP family ! I have a property under contract in an out of state location. Should I consult an attorney in that state or mine to write up the assignment contract?

@Tony Castronovo awesome!!!!

What if the property is out of state ?

@Bill B. that’s very true !! A few investors i’v meet from P.A had a commercial investment property here and they went through cccu. I’m assuming commercial property loans are different but he received his refi within the 6months of Ownership as you stated . I’m seeing a trend In Vegas really leaning more toward MF

Thanks @Alex Bekeza! So I would have to sit with the bank and see if they would refi based of the appraisal value of the property to avoid the 12month ownership. 

Hello BP family!! I have a MF unit that i am able to purchase in my local area. The numbers look good for coC , I just wanted a few opinions on refinancing . Using round numbers for example I will buy the property out right cash . It’s worth 1.5M. When I refinance, the LTV is 70% , can I cash out on that 700K remainder and invest that into another property ? Basically I want to se if I can do some kind of snowball effect if you will. I’m in the Las Vegas NB market.

Hello BP Family !! This year 2018 the market in general has peaked as far as multi family BUYERS are concerned . I have received great private funding for basically any deal not to exceed 3M. The Midwest has always been “prime” real estate for SF , just wanted some discussion on good cash flow cities, states for multi family outside of the Midwest.

Hello BP Family !! I wanted to get some discussion on buying and holding investment properties out of state as far as the management of the property. How does this process go , do you pay the management team Monthly ? Is it a one time payment ?

Stephanie Potter i’v been looking into house hacking and it seems like the best option for me starting off . Somewhat risky but I’m ready to just dive in!!

James Wise *More than anything