26 March 2016 | 14 replies
I'm just looking for a little guidance on what I should expect/look for.Again, I am as unfamiliar with multi family insurance as one can be, so feel free to spare no expense in explaining it.
16 January 2016 | 2 replies
I need some help to explain the process to my investment partner, my beloved wife .Buy multifamily cash for $75,000, ARV $140,000Fix with $20,000 - $30,000Rents @ $ 900 2/1$1,100 2/1 plus finished basementLender requirements 25% and 5% closing cost: $140,000 * 30% = 42,00042000 - 75000 = -33000This building will cost us 33,000 money down conventional2,000 * 12 = 24000 / 1.05 = 22,857 after vacancy50% Rule - (It's more like 35%)NOI= 11,428Cash on Cash: 28%CAP: 8 (95K)We have credit scores in 800's.
19 January 2016 | 9 replies
Explain you have other people interested.
4 February 2016 | 19 replies
Be upfront and explain to them that the loan will stay on their credit for the time being, and although unlikely, there is a possibility that the loan could be called due (have a exit strategy for if this occurs!)
23 January 2016 | 12 replies
As I'm sure the Tech explained.
15 February 2016 | 38 replies
I have provided facts and specifics, in painstaking detail, explaining why an ARV is inaccurate.
22 January 2016 | 10 replies
I would just explain it it is for both of your protection.
19 April 2016 | 6 replies
Ok, that may explain the zero result - thank you !!
19 April 2016 | 5 replies
I was explaining the process to my relator and it peaked his interest.
14 June 2016 | 17 replies
(I'm explaining this badly.)