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16 November 2024 | 8 replies
Have multiple 4 units (B/C asset class) in different parts of city and we average about $100-$120 a month per building.Cheers,Art
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19 November 2024 | 13 replies
This is contradictory from what I see locally and what I have been told by multiple national lenders.
15 November 2024 | 4 replies
Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.
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15 November 2024 | 1 reply
Using multiple platforms together and cross-referencing with public records or MLS data (if accessible) can help minimize discrepancies.
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16 November 2024 | 4 replies
They have millions in lawsuits against them and are in default on multiple loans that I’m personally aware of.
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15 November 2024 | 1 reply
There have been multiple break in attempts, one successful on one side.
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9 November 2024 | 9 replies
I can see the income and expenses for each property via my statements rather than multiple income and expenses under one account and trying to match which property they correspond to.
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19 November 2024 | 21 replies
They have stepped in to cover repairs for me, pressured mngt to do the same, introduced me to other PM teams that would perform better, shared multiple resources with me to assist with the sale of the properties and have spent ample time helping me strategize overall about what to do with these properties.
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16 November 2024 | 3 replies
I’ve had this discussion with multiple lenders recently.