
30 July 2018 | 1 reply
I have a lender that does do 100% financing, but he might not be able to come through on this one..Has anyone dealt with a similar situation and were able to come up with equity financing on top of hard money?

2 August 2018 | 3 replies
My thought was to offer her 4% or hourly rate with 4% max gross income for Fielding calls (maintenance, emergencies, questions re policies, complaints, etc.)Inspecting units (bi annually, more in questionable situations)checking for leaks twice per year (part of inspection, putting blue tabs in toilet tanks, etc.)driveby's once per week (check for trash, exterior problems, etc.)We would do everything else.

30 July 2018 | 2 replies
Hey @Jordan Lynam ,In an Absent Owner situation, most investors aim to collect $1,000 of rents per $100,000 of property they buy.Since you are wanting to cashflow while living in one unit, you have to raise your rent requirements to roughly $2,000/month per unit per $100,000Those kinds of rents are incredibly difficult to find, in a neighborhood that you want to live in.

1 August 2018 | 7 replies
If they are all equally qualified (areas covered, knowledge about investing, etc) I'd tell them all that I'd decide with a series of coin flips and I'd tell them that you're doing that to avoid damaging the relationship that you value so much.It's a hard situation, but if you're upfront with everybody, you should minimize the chances of hurting your friends.

30 July 2018 | 3 replies
However in my current living situation I don’t believe either of those would be a good option to start with.

31 July 2018 | 5 replies
It's been amazing and has allowed me to live a life that I've always dreamed of.What's your current rent/living situation?

1 August 2018 | 5 replies
I have a triplex in Fishtown that had a similar situation.

20 August 2018 | 11 replies
Given my current situation, probably the higher price tag may not be worth it.

31 July 2018 | 6 replies
Had you worded it as more of a "moral" situation I think people wouldn't have gotten so defensive.

31 July 2018 | 25 replies
That is my belief as the way to handle the situation.