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15 April 2020 | 19 replies
My backbone has been retail Commercial and I've been around the 15-18 % CoC on those deals so Maybe my projections for multi-family may be a bit off but they are attainable , not 20% but I've talked to a few investors where they are getting 12 % + but i know they wont spill the beans on where they get the deals , we are in a smaller market ( 120k population ) I want to focus on Multi-family and really get educated as best as possible on it , I dont want to touch any other asset class .
12 April 2020 | 6 replies
House value is about $150000 and mortgage is for $140000, doubt a investor would take it off my hands for $140000 but that’s why I’m asking.I had a leak detection company into detect if it was aunder the slab pipe leaking but they did not find anything, I do not know if it’s flashing around the chimney or the fact that there are no gutters causing water to come in behind siding or flood over the foundation.The dishwasher was leaking a ton of water so it could just be that not sure tho.My question is, is there a way to walk away from the house without having to ruin my credit I have an excellent credit score, I don’t know if an investor will be able to take it off my hands or is there a way to give it back to the mortgage company without destroying credit?
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24 August 2022 | 166 replies
However, if a landlord has a tenant who can't (or wont') pay rent they can ask for rent and hope for cooperation but can do nothing beyond that to improve their situation.
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13 April 2020 | 2 replies
or sense those are two units I am operating a MFH in a SFH which my zoning peeps wont like too much.
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14 October 2020 | 31 replies
If you refi, you would be paying interest regardless of you are able to use the money or not.I prefer LOC since we wont have to pay interest while we dont use it.
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21 November 2021 | 68 replies
(IT WONT)No other tenant/buyer will want to purchase the house at a price close enough to what I even agreed with seller.
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28 April 2020 | 18 replies
But what will happen for sure is that mortgage and eviction protections will lift and people who have destroyed their savings will be hungry for cash.
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16 April 2020 | 8 replies
The big one I see that is going to destroy the economy is construction lending.
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24 April 2020 | 22 replies
Now that everyone has been forced to buy the majority of their things online it wont be going back to the way it was.
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18 May 2020 | 3 replies
This is my 2nd rental property and after reading all the books and listening to all the podcast i made the mistake of not getting a quote for my rental property ahead of time. i talk to nationwide and there 10x more then what zillow said.Does anyone know of an insurance company that i can use that wont kill my cash flow?