All Forum Posts by: Royce J.

Ask your PM to scan all of the leases and email them to you.  Also, get your deposits.  Then fire your PM.

I purchased a 4plex in Las Vegas and one of the tenants had a Pit-bull.  My insurance company made an exterior inspection and cancelled policy after seeing a Pitbull on the patio.  I had to get new insurance through State Farm and the premium was $500 more per year.

Good Luck.

Think outside the box. Can you also consolidate your buildings into one commercial loan. 

Has anyone pulled a list from listsource and uploading it into the FB targeting (First Name, Last Name, Zip, City)? What were your results?

@Cody Steck Did the multiple offer strategy work for you? Did you send (3) LOI's or (3) 15 page purchase offers? How were they presented?

@Dave Van Horn I heard your podcast today.....Fascinating! Have you submitted 4 or 5 offers on a multifamily property? If so, what were the scenarios? Were they LOI's or full blown offers? What are the most common offers and what did the sellers except?

I used Midwest Corporate Credit for two rounds of funding.

1st round: I received 4 credit cards averaging 10K each.

2nd round: Six months later I received 3 credit cards averaging 12K each.

Later the banks gave me increases over time. My current limits equal $103K.

None of the cards are on my personal credit.  I hope this helps.

On apartment building Buy and Holds Privatecashfunding.com can do 10% down with 70% 1st, with 20% seller carry back, CLTV 90%. I'm not sure which states they lend in.

Property #1 LTV 46%

Property #2 LTV 60%

Property #3 LTV 60%

Property #4 LTV 60%

Hello BP lenders, My wife and I are looking to expand our Las Vegas, Nevada rental portfolio and wanted to explore cross-collateralizing our existing properties.Do you know any lenders who are experienced in cross-collateralizing?What do cross-collateralizing terms look like?

Why cross-collateralizing? I have 4 Quads with low 30 year rates.

We are not flippers, we are strictly buy and hold investors.

Nice!  I love the value add deals.