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Results (10,000+)
Daniel Miller Commercial Development
10 April 2015 | 14 replies
Will it work for fast food or Starbucks, Subway combo?  
Walter Pape Dodd-Frank / SAFE Act regarding MH investing
4 January 2017 | 29 replies
ATR Rule, SAFE Act, TILA and RESPA, along with SFRs, Mobile Homes, Multis, etc.http://bundlr.com/b/dodd-frank-safe-act-respa-tilaNot for the impatient or "fast food" answer population.  
Sonia Alvarez please help me
3 July 2014 | 20 replies
It would need no extra $$ investment besides time to advertise on CL and a little extra food to feed the kids.
Orion Walker New Guy from Northern California (Mendocino County)
17 July 2014 | 27 replies
I just learned about methane digesters, how cool would it be if large apartment complexes used food waste from residents to supplement heating costs!?
Joshua McGinnis My first out-of-state turnkey was a bust (sort of)
22 July 2014 | 104 replies
I only know one KFC........Triple Net lease for a Fast Food Restaurant. 
John Rooster Is qualifing buyers typical for Florida HOA's?
24 July 2014 | 11 replies
Just food for thought.
Nicholas Brandenburg Is my first deal outline for my business plan and checklist suitable?
31 July 2014 | 5 replies
This is another place where a building inspector could help warn you about any major repairs that may be coming due in the near future (new roof, new heating/AC, etc)Property Filter strategyProperty must be in price ranges of 25000 to 675,000 with the maximum including repairs.Must be maximum 25 years oldMust NOT have nearby UN-clean properties Ex/ non maintained lawn, crumbling roof/structure, torn gates, abandoned cars and possible current crime related houses Must not have major issues or structure issues,examples include an unstable foundation, and big holes in the roof or walls.Seller must be willing to pay 50 percent closing costsMust not have taxes that go over 8250 annually Must have at least 25% in equityMust have the potential rent value of at least 500Must not have more than 2 mortgages on the propertyDocumentation to ask the seller for:Leases/rents for the past year, Tenant applications and screening procedures, tax returns for the past 2 years, also income and expenses for the past year, current rent roll (including unoccupied units, unpaid rents, and concession losses), List of improvements on property in the last 10 years.Documentation of all loans against propertyAvoid all illegal conversions or constructions.Avoid houses with no electrical wiring or AC or plumbing or if these criteria are severely damaged.Property must have cash flow of at least a total of 100 dollars.Plan for Financing At 18 years of age I will start investing in Multi homes with a loan called 203b mortgage (an FHA loan).This will allow me to only put up 3.5 % as a down payment and have a very low interest rate of around 3.5-3.9%.This loan requires me to live in the property for 1 year + though and have mortgage insurance, and so I will live in one unit while my other 1 or 2 units are rented out while I attend college.My down payment and closing costs will be from saved money from jobs in fast food and other work areas from beforehand.I will use 30 year fixed rates.Steps to take in the whole process:Have my attorney write up my contracts beforehand which include ways to exit before closing, financing terms, closing costs being 50/50 split , make sure the sellers future property info is accurate and reliable or else he is accountable and everything else he/she recommends Have my loan prequalified beforehandMake a lowball offerNegotiate until an offer is accepted or you have hit the buying price limit, or the 70% ruleOnce an offer is accepted inspect the house thoroughly by an appraiser and an inspector and take lots of pictures and videosrequest these forms:Leases/rents for the past year, Tenant applications and screening procedures, tax returns for the past 2 years, also income and expenses for the past year, current rent roll (including unoccupied units, unpaid rents, and concession losses), List of improvements on property in the last 10 years.Documentation of all loans against propertyIf the deal is still sweet, go ahead and continue with closing and finalize the deal Hire a property manager with at least 3 recommendations and question him about      these areas of work, also ask for a complete list of all past clients contact numbers.
J. Martin In contract on first NEGATIVE CASH FLOW deal, and EXCITED! Thoughts?
12 February 2015 | 35 replies
@Sam McClellan beat me by closing a day before, so I bought him some food and drink at Portal in Oakland for the win.
Travis Grossi Any investors in the Ironbound section of Newark?
22 November 2014 | 3 replies
With the rehabbed Military Park, and the Whole Foods and new Pru building opening up next year, it's definitely changing!
Jay Hinrichs The 2% rule kills values
21 October 2017 | 211 replies
They also have #'s, %'s and ratios for most every other field of business too such as restaurant biz that I was in before, you ought to know your target %'s for labor and food cost or you'll look clueless to them too!