Dylan Gomez
Inherited a property and remodeled it now its ready to sell
28 January 2025 | 11 replies
You can identify a replacement property within 45 days and close in 180.
Travis Hill
WHERE/HOW DETERMINES PROPERTY CLASS (A, B, C)?
23 January 2025 | 21 replies
Class A properties will generally have high valuations and lower market Cap Rates.Class B Property:A step down from Class A, Class B properties are in the 10 to 20 year-old range, and are mostly well maintained.
William Taylor
[Calc Review] Help me analyze this duplex in Michigan - are these numbers correct?
12 January 2025 | 12 replies
page=LoadVirtualDoc&BookmarkID=6536) that capped annual increases to the Taxable Value of a property to the lower of 5% or Michigan's Cost of Living increase.
Lindsey Matejak
Chicago Lease New Flooding Disclosure Questions
7 February 2025 | 8 replies
However, it’s also a requirement for properties with lower-level units that could be vulnerable to flooding, even if those properties are not located in a designated flood zone."
Christian Solis
When looking for Private money
25 January 2025 | 1 reply
If it is someone you know you can give them a straight return as if its a loan - can provide a lower interest rate to provide upside - it really depends on the lender and what are they concerned with and what is their risk profile.
Adam Luepke
1st home is an up/down duplex
22 January 2025 | 4 replies
I really wanted to try finding a duplex that i could immediately rent out the lower half rather then buy a SFH and have a higher mortgage overallHow did you find this deal and how did you negotiate it?
Dylan Webb
What are my options for a small PML using equity?
5 February 2025 | 4 replies
Cross-Collateralization – A lender may finance the full $160,000 purchase by using your existing properties as additional security, lowering their risk and possibly reducing your down payment. 5.
Amanda Dobbs
Where to find Investors
3 February 2025 | 6 replies
In-person interactions are great for building trust with potential investors.Real Estate Platforms:BiggerPockets: A robust platform for connecting with private lenders and investors.Fund That Flip, PeerStreet, Groundfloor: Online platforms connecting investors with real estate projects.Social Media Groups: Facebook and LinkedIn groups dedicated to real estate investing often have private investors or lenders looking to connect.Personal Network: Often overlooked, but friends, family, and colleagues may know individuals interested in investing.Private Money Brokers: If you're working on wholesaling deals, you may find brokers who have established relationships with private money lenders.Real Estate Agents: Some agents have connections with private investors, especially those focused on investment properties.For your 50% LTV, it's good to approach investors who may be interested in lower-risk, high-equity deals.
Cole Starin
Considering Property Sale
24 January 2025 | 5 replies
With the equity you’d free up, paying off $50k in personal debt and boosting your credit score while freeing up $3k/month sounds like it could significantly lower your stress and open doors for future projects.That said, selling means you’d lose a cash-flowing asset, even if it’s not huge.
Van Lam
Cash Out Refinance
11 January 2025 | 7 replies
My client bought a 22 unit building and used this strategy and walked out of closing with a check for $800k to perform the rest of the renovations, paid himself back his already expended rehab costs and his entire down payment.