I do hope it get leased up fast, some universities the rents are up again for next year.I just feel it’s too soon to rejoice on this.

Hi Leo, its been years since I closed on a HUD property but you close on the property as soon as title is ready like any other property.  

My frind in Omaha ended up picking up his second property sooner than he expected, simply because he’d built a small name for himself with one successful deal already under his belt.Are you feeling confident about the day-to-day responsibilities, or is there something else in the process that’s keeping you up at night?

That's the beautiful part, working with just 20-odd clients can be a shocking $ volume.

I worked with a lawyer named Jarom there that I was VERY happy with when setting up LLCs for SDIRA and SOLO401Ks.

The numbers are just ugly. 

Do you want this thing to be the tipping point for them to leave and you have turnover costs and a vacant unit? 

If you used a loan to rehab your property and find yourself in a difficult position, doing a straight refi (just paying off the old mortgage) will be easier than trying to pay off the original loan and take additional cash out.

Feel free to ask if you’d like more tips on what to look for in a PM. 

However, a check of the zoning showed this property was zoned for up to six stories.