Geoffrey Lessel
I did it! (my first deal)
3 October 2007 | 25 replies
The whole thing was odd and disappointing.Right now I have 3 in the works, though 2 of them haven't made up their minds to go with me quite yet (still "looking at other options") and the other I'm a bit hesitant about because the current owners want me to owner finance it back to them.
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Can I take money from my brother and not return?
26 June 2007 | 1 reply
Understand that what you are proposing is very uncommon in the US so most folks will find it a bit odd, strange and overly complicated.I suggest you hire a tax attorney.
Nate S.
Getting more, and more frustrated
4 August 2007 | 15 replies
Untill then keep chasing your dreams and remember that I bet every investor on this forum that has done any significant number of investments have had good ones and some that weren't so good, the key is to learn from both, and the only time you truely fail is when you stop trying :mrgreen:
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Credit Partner?
15 May 2016 | 12 replies
Or like a good friend once said, "Young man, try not to bet so much on the come!".
Kyle Alfriend
Just Bought 4 properties
1 July 2007 | 5 replies
You've already seen what a 25% vacancy on one unit does to your cash flow, and assuming the houses are similar house/similar market you can almost bet you're looking at rent roll backs in future.Assuming youf FMVs are correct I'd be out of these things so fast it'd make your head swim.
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15 unit. 750K asking price. 650 rents. Good deal?
10 July 2007 | 31 replies
Cash flow and equity are not at odds with CAP rate.
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Owner financed condo conversions?
3 July 2007 | 4 replies
Meanwhile, we've got some really high forclosure rates, and giving an owner-financed opportunity for someone to build into property ownership again seems to be a good way to hedge your bet against transient, destructive tenants.Plus, structuring a separate paper deal for a higher interest rate certainly seems like a good play.
Autavea Dabney
Credit Engineering
29 May 2008 | 17 replies
Originally posted by "**********": I did have a conversation with Credit Eng...and felt that the seasoned "shelf Corps" was a bit odd...
Brad Hardy
Return on Capital Improvements
10 July 2007 | 6 replies
Obviously some of the upgrades such as HVAC and Dishwasher would be depriciable assets that would need to be replaced again at a later date.I have dealt in commercial properties in the past and we typically do not do any updating to the space as odds are the next tenant may not be able to use them so we need a much more aggressive pay back period.Thanks for the input.
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Bankruptcy?
26 August 2008 | 6 replies
yeah filing for bankruptcy is the safest bet for him. it may sound strange, filing for bankruptcy is not so bad... but how the society takes it takes a toll on a man.if he wants to come out of it read the articlehow does bankruptcy work tell him to be strong and file for it. he can start building his lost credit after 1 year or so...Vik