5 August 2014 | 11 replies
The good ones will have a list of properties for you to look at on a board or a document.PLEASE NOTE: Just because you see a published notice for a property, that does not necessarily mean it's going to be auctioned.
29 September 2014 | 28 replies
I suggest calling a bunch of banks (preferably national lenders) or getting with a good loan officer that has construction loan experience.
4 August 2014 | 6 replies
Is there a way that I can get a list of those properties from hpd or enviornmental control board with out putting in specific property address information?
1 October 2015 | 74 replies
I spoke with the wife about this and she wasn't really on board with the whole rental thing.
3 August 2014 | 9 replies
This area isn't "the hood", but apparently this "cousin" person isn't on board with peaceful living. ;)I'm afraid if I let my tenant relocate into this apartment, the cousin and her family will begin spending time in and around my property, making life harder for the other tenants in the triplex.
4 August 2014 | 16 replies
Review the dash board for excellent information as well as excellent material in the forms area.
3 August 2014 | 6 replies
hi all,i am new to this space, but am a huge fan of boards (i am a member of several others,but none re related) and the experiences members share on them. albeit, i am newer to re investing, i feel i have navigated moderately well . since no one in my family or friends have been involved in re in the level like have, i have had limited critiques on how i operate and how i should proceed. so, here i plan to lay it all out-as a first time poster, first time real estate board member:-)a little about my background: my full time job is working for a big four firm. i was a treasury banker, but moved to the sweeter gig i am in now. my goal is to own outright 3 money making properties and my primary. afterwards, i want to teach school.in 2006 i bought my first house in Charleston, sc, (which i will refer to as house 1). a few months later, i was relocated to charlotte, where i purchased another house a year later (house 2). neither house cost more than 110k, but still, after 2008, i was upside-down on both, by 20%. i purchased home 1 as a primary, but had my brother move in when i was relocated. i kept a room in home 1 and continued to call it a primary when i purchased home 2. now home 2 is right outside charlotte, and in a rougher neighborhood. after living there 3 years, i decided to rent it out and go back to Charleston. i have had some great renters there and have been ecstatic about the setup, outside the fact it is 3.5 hours away. my rents pay PI and PMI, but only half the TI. my fiancé and i relocated back to Charleston and rented a few months, when in the depths of the recession, a little condo came on the market close to downtown and folly beach. i wiped out my cash savings and purchased it cash for 50k. we loved the location so much, we moved in and have yet to leave, even though my original intent was for it to be a rental. currently, we consider it our 2nd home (pls do not mistake for home 2) as home 1 is occupied still by my bro, even though i have a room still in it.now we come to today. my fiancé has been starting to talk about the future and kids and wants a house with a yard... yada, yada, yada. okay, i admit i am feeling it too, but i am in kind of a pickle: house 1 is not "rented" (although my bro kicks in 75% of the mortgage) , the house 2 is rented and I'm very comfortable with it, and the condo (let's call it house 3) is not rented. now is the problem: how to get financing. house 1 and 2 are ltv at 90%, but the condo is at zero ltv. i plan to rent the condo out once i have a plan in place. right now, i have cash to put 25% down, and we are looking in the 110k-160k. my job is pretty solid, and my work prospects are even better for the next several years. my credit is an "a"the main question i have is (1) try to go normal financing route or should i try private lenders?
18 August 2014 | 2 replies
Most of my clients are purchasing them in 2 to 10 million range.8 capdebt fixed for 10 years non-recourse at 4.65% with 25 to 30 year amort.Creates going in cash on cash of about 12% with national tenants and some mom and pop mixed in.
1 November 2020 | 12 replies
I'm looking to build in accountability across the board from deadlines, as well as penalties for the job being held up.