Mark Daniels
Advice on borrowing against a paid off Commercial property to buy an additional one.
18 January 2025 | 8 replies
If the loan amount you are looking for is small relative to the value of the first and the second property combined, they are very well secured on a LTV%; ask for a 1% point lower rate.If you don't want to Cross Collateralize, do you have any CD's or MM you can transfer to this bank as collateral.
Maria Murphy
Develop, then sell and/or rent?
12 January 2025 | 2 replies
The second one to build a security net.I've simplified the deal a lot but... am I missing out something obvious?
Christopher Lynch
How To Start a Syndication ?
10 January 2025 | 9 replies
A “syndication” is almost always a capital raise for the sale of a security/investment.
Ethan A.
Seeking advice: tenant violated lease with many cats
20 January 2025 | 7 replies
Give her 30 days notice now, keep her security deposit, and send her a additional bill for damages to the unit in lieu of taking her to court for the damages.
Donald DiBuono
Buying a Trust vs Sub To
23 January 2025 | 7 replies
I believe the code says "if a veteran holds legal title to a property secured by a VA loan but does not possess equitable title, this situation is considered 'not a disposition."
Nathan Gesner
Have you ever used your umbrella insurance policy?
15 January 2025 | 11 replies
This location is in a 1mm population metro area, 230 units, and cost is about $1,800,000 all in.Limits of Insurance: Coverage:Liability and Medical Expenses$2,000,000/$4,000,000 Occurrence/Aggregate Comprehensive Business Liability$2,000,000 Any One Person Personal & Advertising Injury$4,000,000 Aggregate Products Completed Operations Aggregate$2,000,000 Any One Fire Fire Damage$25,000 Occurrence Customers' Goods Legal Liability Deductible: $0$25,000 Aggregate Sale and Disposal Liability Deductible: $1,000$10,000 Any One Person Medical Payments $1,000,000 Occurrence Hired Non-Owned$300,000 Each Employee Employee Benefits Liability$25,000/$25,000 Per Claim/Aggregate Employment Practices LiabilityLoc Class Desc Coverage Limit Ded Valuation Type 1 Self-StorageBlanket Building & Business Personal Replacement Cost Property $2,100,000 $25,000Earthquake IncludedSinkhole IncludedWindstorm or Hail Included 5%Business Income Actual Loss Sustained 24 MonthsPollution Clean-Up & Removal $100,000Employee Dishonesty $15,000Money & Securities - Inside $10,000Money & Securities - Outside $5,000Accounts Receivable $25,000Electronic Data $20,000Valuable Papers & Records $25,000Fine Arts $10,000Employee Personal Property $10,000Limited Pollutant Removal $25,000/$100,000Cosmetic Loss Limitation IncludedEquipment Breakdown Protection IncludedPremium, Fees, and Taxes: BOP Premium: $ 7,760.00Optional Terrorism Premium: $ 31.00Total Premium: $ 7,791.00Key notes:a.
Sarah Allgood
VA Loan Assumption Opportunity - Clarksville, TN
6 January 2025 | 5 replies
I love finding VA Assumption Loan deals and have personally secured one so far as a rental property with a 3.3% interest rate.
Mila F.
Tenants trailing landlord during inspections
29 January 2025 | 8 replies
I position my inspections as 'planning for future repairs/improvements' which mitigates that whole 'he's here to get my security deposit' mindset.And, I would rather have the tenant with me than to have him later claim that something was broken during the inspection.
Kevin G.
Antioch BRRRR Project
7 January 2025 | 0 replies
Purchase price: $420,000 Cash invested: $55,096 Purchased a distressed single-family home in Antioch, CA, using the BRRRR strategy to create $141,000 in equity and secure a cash-flowing rental property.
Sam Chicquen
Creative Financing & Seller Financing?
28 January 2025 | 15 replies
However, I find myself uncertain about how to structure such deals and whether I could successfully secure them.I was wondering if you could offer any recommendations for educational resources that might help me better understand and navigate the intricacies of creative finance and seller finance deals.