John Thedford
Can Anyone Guess The Value of This Pile of Stuff?
7 July 2018 | 11 replies
Total filth.
Garrett Sanford
HELP! Buying both units in a 2 sided condo REHAB troubleshooting
6 July 2018 | 0 replies
Or would it just make sense to factor in my 10% Cap/Repairs/Vacancy/Management for the total rent of the building (planning on renting it from myself) instead of treating it like 2 seperate condos.
Kyle Winston
House Hacking in an Expensive City
16 July 2018 | 9 replies
I am actually closing on a house hack in Lakeview in about two weeks so I totally understand where you're coming from.
Justin Seng
Take money off of rent due to clogged drain?
7 July 2018 | 12 replies
Laundry makes up about 5% of the home's function but let's pretend it equals 10% of the total value.
Vinod Badami
Philadelphia Investment Opportunities
8 July 2018 | 8 replies
Regarding single family and multi units, you can grab a total rehab or you can grab one already rehabbed and ready to rent.
Travis Howser
How to know when to sell or rent out the property your living in?
8 July 2018 | 3 replies
Great advice guys and totally makes sense.
Account Closed
Hating Banks== Just Don't
9 July 2018 | 49 replies
I totally Agree with you sentiment on the big banks.. non personal out to fee you to death etc.I pay zero fees on anything I do save wires..
Jon Marois
Purchase Of a Storage Business and 3 Lots - 1.4 million$ Help
7 July 2018 | 1 reply
Totally new to this one.
Leighann Davis
Why do experienced investors JV on notes?
23 July 2018 | 28 replies
They then take those notes and package them with others from similar purchases and sell them along with their analysis to private investment funds.This leaves 45 notes from a package of 1,000 that three professional investment funds, doing intensive analysis by highly trained MBAs, have determined cannot yield even a minimal investment return.These are then offered to the individual investor, who according to those in the industry “with something to sell” (the leftover NPNs and/or “training”) can profit enormously by (1) making them re-performing notes or (2) foreclosing and selling the property for large profits.The pitch from those “with something to sell” is twofold: (1) “There is plenty of meat left on the bone” (actual quote), and (2) if you send the borrower a complete package of all docs, weighing, say, five pounds you will “shock and awe” him into paying on the note.I highly doubt either of these claims have even a micron of validity.The parties with a financial interest in you buying into this will cite isolated instances of great success, never mentioning the all-more-frequent instances of total failure.So at the end of the day the training promoters have collected up to $30,000 per person for their NPN “mentoring”/”coaching” program, the retail asset disposer has made 50% to 100% profit on their inventory, private middlemen have turned a $2,500 investment in a note into $16,000, and my sister-in-law who purchased 5 NPNs over three years ago and has spent large amounts on attorneys, taxes, and brokers has yet to see a penny in return.To paraphrase, if you don’t know who the sucker is in any ultra-high profit promise situation, it’s you.
Keisha Brownell
Looking for advice on a deal
10 July 2018 | 8 replies
At that price, plus needing to spend more on updates and repairs, I have to ask what the total monthly rent will be?