
22 February 2018 | 9 replies
I run the property managment as a DBA, Lovely Living Property Management, so that I can hide my identity but it's not incorporated at all.

21 February 2018 | 7 replies
@Mark WilliamsThe valuation of commercial asset (which your 24 unit building is) is driven by the NOI of the asset, the building class, the cap rate for that asset class in the area where the building is located and thit is very different from the purchase and sale of residential properties for which the value is determined by the price other people paid for similar properties.it is important to look at the P&L statement for the building you are looking to purchase and verify that it accounts for the expenses and income to work out the true NOI.The NOI divided by the cap rate and divided by the number of units would give you the price you should expect to pay.That price per unit will vary depending on the class of asset it is.Class A commands the highest price per unit and the lowest cap rateClass D commands the lowest price per unit and the highest cap rateNot the precise answer you were expecting but hope it helps.

20 February 2018 | 12 replies
John Sanderson , you are correct about what “notarizing a document” is for, which is why I suggested that to the OP after the very first commenter here pointed out that documents can be falsified.Someone else suggested having the prospective tenant go to the county’s tax website to verify the property owner’s identity.

23 February 2018 | 14 replies
Saw this recently, please verify with your accountant.

26 February 2018 | 12 replies
Those costs would likely be identical on a $300K loan for a higher priced quad.

22 February 2018 | 6 replies
As I was on the phone, they verified that information and my LLC status immediately became active again.

24 February 2018 | 7 replies
If you have a verifiable track record of successful deals, you've got a decent shot.

21 February 2018 | 17 replies
You have to ask for numbers and verify them.

21 February 2018 | 2 replies
When you do provide it (e.g. applying for loan in your own name), make sure they are a reputable company.Unfortunately identity theft is a real thing and can really screw up your life for year and years once it happens.Oren