
14 March 2017 | 3 replies
My current property manager does not want to deal with a mobile property.Also the management costs of the tenants, who may not be blessed with secure income, or may not be in a position to automatically deposit the rent on a predictable and reliable schedule.I am only looking at pure cash flow, as I don't intend to flip the properties.My head tells me that lower end properties yield much better cash flow numbers, but my gut is not convinced or ready to take on the unknown management costs.

15 March 2017 | 10 replies
the set up is pretty standard stuff any of the pro's on BP can help with that... one thing I have seen and I have done a LOT of financing for IRA buyers... is if they are going to buy rentals .. they need to have adequate reserves.. and probably more than adequate.. as you can't add your own personal funds if you have a messy tenant and have a big turn over bill and you do't have enough money in your account... it can lead to real issues... so just go into it well capitalized and if your buying rentals don't use your last dollar in your account always keep 20k or so liquid for the unknown that may occur

23 March 2017 | 11 replies
Even if the new tenant checks out fine, they are still more of an unknown quantity than the one who has a mulit-year track record of being a good tenant.

21 March 2017 | 4 replies
Cash is king in these situations,go with that.No bank is gonna give money in an unknown situation so if you don't have access to the inside of the property for appraisal and approval,you won't get a penny of financing unless you convince hard money lenders to take the gamble with you.You might want to line up some cash investment partners to help with the gap funding if you can't get your $34,000 less offer accepted.Good luck in your endeavor.

5 June 2017 | 14 replies
Personally, I think that's a hidden value to Crystal unknown to many investors
23 March 2017 | 1 reply
I have always had the desire to own multifamily units but have never taken the leap because of time or just the fear of the unknown.

25 March 2017 | 7 replies
If you have to relist it might give the property a stigma, so I want to find a new buyer and not go through being lowballed when I come back on market.As Rich alluded to agents may give preference to people we know will close the deal verse the unknown, and that is part of representing the best interests of their clients.

31 March 2017 | 8 replies
With 20% down, and most of the variable unknowns, it looks like a negative cash flow situation.
28 March 2017 | 2 replies
Unknown waters with for sale by owner but I am learning a lot through the process.

30 March 2017 | 13 replies
Yes, it is possible, but the risks are many and largely unknown as of yet to a novice investor.