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6 October 2016 | 24 replies
To wit:'Any problem that can be fixed by writing a check is not a problem' (E.
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27 July 2016 | 16 replies
NEVER do a real estate deal without a contract, - signed, witnessed and notarized.
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22 June 2018 | 5 replies
No accusation just a comment to consider.
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17 May 2016 | 14 replies
Bob,You do not know me, and to hide behind a keyboard and and make baseless accusations is despicable.
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7 June 2016 | 4 replies
Below are 2 of my buildings followed by 2 that are on the market in nearby towns right now:My building 1 (value of about 350k) : 4 2-bed unitsGOI = 52kcosts = 19kNOI = 33kmortgage(25 year): 25% down, 14k/yearCap= 9.4%CCR = 22%DSCR = 2.4BER = 63%My building 2 (value of about 325k) : 4 2-bed unitsGOI = 46kcosts = 17kNOI = 29kmortgage(25 year): 25% down, 12k/yearCap= 9%CCR = 21%DSCR = 2.4BER = 63%building for sale 1(asking 500k): 4 2-bed unitsGOI = 41kcosts = 7k (building is quite new, needs no work)NOI = 34kEstimate:: mortgage(25 year): 25% down, 20k/yearCap= 6.8%CCR = 9.6%DSCR = 1.7BER = 66%building for sale 2(asking 650k): 4 2-bed unitsGOI = 56.4kcosts = 10k (building is quite new, needs no work)NOI = 46.6kEstimate:: mortgage(25 year): 25% down, 24k/yearCap= 7.1%CCR = 13.6%DSCR = 1.9BER = 60%Both these buildings seem overpriced but for years I've witnessed many such buildings sell at similar prices, so these are market prices.
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2 December 2016 | 20 replies
Also just witnessed several bidding wars on SFR that went 50k above the asking.
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25 May 2016 | 2 replies
If your dad is OK w/ it, have him contact the relo company to request approval to list with you (I'm assuming your parents live in the Charlotte area?)
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28 May 2016 | 6 replies
Ask your self what deals made sense that you witnessed.
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12 June 2016 | 4 replies
If he/she can't accept you wholesaling, and you're committed to it, then perhaps you might want to consider switching to a broker which is OK w/ it.