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25 July 2024 | 12 replies
Will you purchase it in your personal name?
26 July 2024 | 49 replies
This is not first time I read 30 mil apartment, after they purchased they found major plumbing issue, cost to replace all plumbing: 5 million.
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25 July 2024 | 0 replies
Purchase price: $175,000 Cash invested: $750,000 Sale price: $1,450,000 This is a current transaction that I'm working on.
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25 July 2024 | 24 replies
If I were the seller I’d return your deposit on two grounds: first, you breached the purchase agreement by not performing, and; second you seem like a flake.
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25 July 2024 | 10 replies
- Purchased a 1960's vintage building, 18 units, in 2017 for $1.5M- In a major urban city in the northeast- Put $400K down and have paid down $100K in loan (so the balance is $1M)- Purchased it to supplement my 9 - 5 and use it as a resource of income to retire (15 20 years from now)- It's comprised of studios, 1 bedrooms and 2 bedrooms.
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26 July 2024 | 10 replies
This approach helps ensure that buyers have a clear understanding of what they are purchasing, reducing the likelihood of surprises and issues later in the process.Of course, this is market location and cycle dependant.
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25 July 2024 | 33 replies
The term syndication often is used in a multifamily/commercial or other real estate transaction, where a property is being purchased and the GP needs to raise capital (equity, often) to purchase the asset.
25 July 2024 | 8 replies
The loan often has two components: (1) purchase and (2) renovation where the latter is usually funded through reimbursement.As an FYI, lenders usually require the property be non-owner occupied.
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25 July 2024 | 14 replies
They'd be making payments to me toward the purchase price -- let's say $250/mo for 5 years, then a lump sum.
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25 July 2024 | 1 reply
Property was purchased for 130k.