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14 May 2024 | 1 reply
, through referral from friends who knew we were buying houses, at the closing table buying one house, we asked if they had any others, and more than once the answer was "Yes" and we bought a second property from the same seller!
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14 May 2024 | 10 replies
A cash out could very well be 50% to 70%, (or they may not do cash outs) depending on the lender so you'll need to ask and shop around.Each property must be appraised and title insurance obtained on each, so you're not saving much in loan costs except they may close as one transaction, filing fees will be applied to each property as well.
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14 May 2024 | 6 replies
I'm in the process of closing on a 4-unit with one heating system for all four, controlled by two thermostats.
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13 May 2024 | 2 replies
If a seller is offering $10k in assistance but the PP is only $189k on conventional a loan with only 3% contribution allowed, what are all the options for the for any of the left over contributions after. paying closings costs ?
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13 May 2024 | 7 replies
Another option could be to submit a conditional offer that each of those items are fixed before closing by a licensed and insured professional (if that is important to you).
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14 May 2024 | 17 replies
REIS is close, but not quite there
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13 May 2024 | 25 replies
National bank meant easily transferring funds immediately to kids account free even though they’re in different state, knowing the branch in NC can issue us a bank check for next closing after flying in and learning final amount, paying for new car in Pennsylvania after seeing it and negotiating price, bank branch right down the street.
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14 May 2024 | 4 replies
Would certainly recommend visiting if one is close to you.
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12 May 2024 | 8 replies
Thank you,I'm new to this type of investing (more familiar with buying businesses) so I'm cobbling together information from brokers, chatGPT and everything in between to figure out what I need to (at reasonable cost while controlling risk profile) complete an acquisition.Facility is in rural Kansas, and is composed of a portfolio of 4 buildings on 3 parcels. 195 unit count - ~10 years old on average, some are newer (2 years) others older (15+ years)I'm trying to learn what I should watch out for in the process and what studies will be needed to get a good level of comfort before acquiring the facilities
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13 May 2024 | 79 replies
Once this last deal closes I'm going to be at 9 doors in less than a year.