
26 August 2015 | 2 replies
Many industry experts agree that because of this nationwide shift, right now represents one of the best times in history to invest in Multi Family Real Estate.How to Find Deals/MarketingGreat deals will be found by: Working closely with Realtors, online ads and marketing through Social Media, Driving for Dollars, and targeted Direct Mail.

25 August 2015 | 82 replies
I was quite slow to embrace social media.

25 August 2015 | 13 replies
They had built websites, and social media sites and had been actively posting on their own accounts with relevant area info.

24 August 2015 | 4 replies
What is the minimum dollar amount that you are comfortable walking away with each month, and how close is that spread with rising costs?

24 August 2015 | 2 replies
We're looking for buyers so if you're looking for discounted properties with good spreads let us know your preferred zip code, property type, etc and we'll make sure to send out our latest properties.

1 September 2015 | 12 replies
So if this investor didn't pay a wholesale fee, maybe his repair costs were 3K more than I have suggested, just move that number to cost of repairs, lender fees, interests or another expense I have not included below.Costs to Buy:$3,000 Wholesale fee$440 Title and recording fees$300 Inspection$63K Cost of repairs (remodel, Sewer lines, roofs and mechanical)$1275 Holding costs for 3 months (Property Taxes, insurance, utilities, not counting cost of cash if they had a loan)$6530 Selling cost (Broker fees, Title escrow fees, Staging fees)Every investor should have a deal analyzer spread sheet that they use to evaluate each deal, just plug in your purchase price, ARV and your costs.

1 September 2015 | 11 replies
After paying off your original note of $100k, you have $60k tax free in your pocket and a new 30 year note to show for it (with higher payments than you were previously paying)With a HELOC, all you are doing is taking a piece of the equity spread you have in your home.

29 August 2015 | 39 replies
I know that there are companies that are a little spread out geographically and handle the purchase, rehab, and placement of a tenant, but I would be less confident that they would maintain a presence in that particular location.

5 July 2016 | 74 replies
Personally now that I saw a ton of investors having and actively using a personal financial statement with their lenders, I will start one as well to log in all in a cool excel spread sheet, that will so historically from day one actual numbers that each property perfomed in one place.

27 August 2015 | 0 replies
I expect the project to be ~1.7M and am raising ~600k to cover planning and initial costs and financing the remaining 950k (750k/1.7M = 44%).My neighbor is considering selling me their (larger) property for 600k that is wholly owned but has very high cap gains pending.We are both concerned with minimizing fees and tax penalties.They are open to an idea I proposed where they would transfer the property to me in exchange for a comparable position in a LLP limited partnership stake in my project which would enable me to take out a HLOC sufficient (or nearly) to fund the project and buy them out, plus interest, in a chunk once complete/over several years.Another thought was to owner finance with payments to them spread across say 5 years from the added value to the developed project but it seems that muddies the ability to establish an equity line that they aren't affiliated with.Ideas?