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18 March 2024 | 4 replies
Of course, I got busy and forgot to cancel within the 7 days, so now I am in my first month of membership at foreclosure.comDoes anybody have feedback on deals they found using this site?
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18 March 2024 | 2 replies
Does anyone have experience offering paid laundry (coin/ credit card at the machine) to multi-family tenants?
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18 March 2024 | 6 replies
As a partner in the LLC, you and your wife will receive a K-1 form from the partnership, detailing your share of the income, deductions, credits, etc., for the tax year.
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18 March 2024 | 5 replies
Run their credit like you would for anyone else.
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17 March 2024 | 18 replies
What's the going rate for 30 year fixed DSCR (loan amount approx $150k) Good credit and enough experience investing.
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18 March 2024 | 5 replies
This ruling will basically bring those 2.0% listings up to 2.5% co-op the difference will be paid by lender/seller credits, etc..
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19 March 2024 | 16 replies
If it does, you can apply to assume the loan on your own credit, income and debt ratio.
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18 March 2024 | 6 replies
I’ve been wondering that same thing.Seems to me when comparing candidate investments, why would I pay more for an investment with risk and work (5% Cap multifamily), than a risk-free passive investment (5% CD or T-Bill).Note that going from a cap rate of 5% to 10% is a 50% drop in price…that’s significant…easy to see why a seller isn’t willing to give a higher return.I’ve asked the question before and gotten answers like it’s because investor borrowing costs vary, and you must consider future rent growth and appreciation … I guess if you have low borrowing costs and are optimistic about the future a 5% cap rate makes sense. that's just a bunch of bull from agents and gurus trying to keep their game going... of course price should drop 50%... say today the commeercial loans are at 7%, and cap should be 2% higher to make the risk worth while, so call it a 9% cap.patience... this bs market needs cleansing... and when the time comes, it will be easy picking.no need to play the hard game... my friend
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18 March 2024 | 7 replies
Another big problem we encounter more often than not is when they're swearing on Jesus Mary Joseph and everyone else they are deposit ready, then having some reason why they can't pay the deposit; or trying to do half of it now and of course the other half never materializes.
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18 March 2024 | 10 replies
Anything more than that can be done "commercially" either through a local bank/credit union or a DSCR type of loan.