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9 September 2024 | 28 replies
Ive since always looked for a similar opportunity for 6 years and have never found one.
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9 September 2024 | 22 replies
Excellent location in Mesa.I shopped around and I found a mortgage broker who was able to get me a 6.99% rate who took the loan to UWM (united wholesale mortgage).I negotiated a $15k seller concession I used for a 1-0 buy down so my rate for 1 year will be 5.99% and then revert to 6.99% for 30yrs. and then we used the rest of the concessions for closing costs. in 6 months or 12 months I will revisit to see if mortgage interest rates dropped significantly to justify a refinance to lock in a lower interest rate.part of the approval process for the Fannie Mae 5% mortgage is to make sure that i could afford this property and that i have good credit, my income is consistent and stable and it reflects that on my tax returns, I have sufficient capital reserves for the subject property and my other 10 Multifamily properties (6 months of PITI for the subject and then it's percentage based off of the loan amounts and how many properties you have)I agree, the more that government "helps" they therefore are increasing pricing.
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6 September 2024 | 24 replies
In general, we have found that PMs in cleveland are very expensive when compared to other markets we are in.
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11 September 2024 | 69 replies
I found that there are some groups of tenants where a higher percentage from that group are likely to handle a property without care, or even with malice.
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5 September 2024 | 0 replies
More than two-thirds of family offices have been created since 2000 with the majority founded by original wealth creators, 30% serve second generation and 19% serve a third generation.
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5 September 2024 | 3 replies
If you found the ideal property for this type of niche, what would be your first step in seeking out a business operator who would rent the property from you for any of the above purposes?
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6 September 2024 | 11 replies
Thanks, I found that too, but thought I would check to see if anyone is from there and had an idea!!
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6 September 2024 | 32 replies
Have you found that capex, vacancy and repair rates to be normal (10/10/8 percent) or are they higher in the area ?
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8 September 2024 | 101 replies
It’s where the cash flow and CoC can be found but admittedly they require much more management than my A or B.
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5 September 2024 | 2 replies
I haven't found a solution in my research.