Bryan Christopher
Post sale - Buyer making legal threats about an appliance
17 January 2025 | 7 replies
(As appealing as that sounds) Then you countersue them.
Simone Mancuso
Have you ever seen a rolled roof installed like this?
19 January 2025 | 2 replies
Fortunately its a pretty small roof.
Simon Packman
Multi Family insurance
27 January 2025 | 4 replies
Consider yourself fortunate that your property is still covered by your insurance carrier.
Andria Kobylinski
Boutique Hotel Investing - Financing
21 January 2025 | 15 replies
As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.
Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
22 January 2025 | 12 replies
That means having a great property manager and attorney.I've had a few problematic tenants since I started investing in 2019, but fortunately in each of those 3 cases we've been able to negotiate an early lease termination.All investments come with risk, so the key is to mitigate and manage it as best as you can.
Donald Hatter
Larger Single Family Home in growing master planned community
14 January 2025 | 3 replies
Was fortunate enough to lease for higher than expected rental rates.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
19 January 2025 | 8 replies
On the surface, the deal seems appealing, but there's a catch: the asking price is $475,000, which is about 18% over the market value (based on comps and DealCheck estimates around $402,000).Details of the DealProperty: Duplex, 2,400 sq. ft., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
Parker Robertson
Rent to Retirement Academy Experience
25 January 2025 | 17 replies
I’m considering this one because it advertises help with tax structuring and LLC advice which is appealing to me.
Vanessa Lozano
New Member from San Antonio, Texas - Looking to start my real estate journey
21 January 2025 | 16 replies
I have been fortunate to meet two of those individuals and gained a mentor.
Ryan S.
Advice on Specific Performance for Breach of Real Estate Contract
26 January 2025 | 43 replies
Assuming the contract is valid, enforceable, and the buyer can prove (s)he was ready, willing and able to close, a summary judgment might be awarded granting the request.While every litigant has a right to appeal an adverse judgment, not every request for the appeals court to hear the matter will be granted.