Now you're locked into him for a while....I would send him an email (so you have a better record) and insist that he respond within 48 hours.

It might be worth exploring other opportunities in the same neighborhood that offer better profit margins with less upfront risk.

You don't need an attorney to go to small claims court, although it might be worth a quick talk with one to figure out the legalities of the situation where you live. 

Property 1 im 120k into it, the morgage company wants 136k . its worth around 190k currently, rent is 1800 if i wanted to rent it, HOA is 450Property 2 im 280 in to it, the lender wants 360, but its worth 500 and can easily appreciate more quickly, rent is 4000, HOA is 1400i have a family friend who is a lender whos willing to help offer cash to the lenders and then i can either sell properties for a lesser loss than 400k or hold for a few years and throw tennants in it and sell after to break even with the appreciation I'm hoping the lenders for the second propery is willing to work with me , and maybe even negotiate. i hired a lawyer today. fingers crossed.BEWARE everyone because im in a very bad scenario :(

I don't see the point to get 20k off for 50k worth of work, so we switched to mve in ready properties and just let appreciation do the heavy lifting. 2024 looks like it might bring some change: average days on market are currently at 26 (from 5 most of last summer) and listings that go under contract on the first weekend dropped from 56% last year this time to 25% now. 

Like Agents these guys and gals are worth their weight in gold.

So I am optimistic hoping I have the scale to do something like this, but its realistic enough to be worth looking into it.

I usually purchase a list of 30k - 50k records and run the dialer at 1000 voicemail drops per hour, for 3 hours per day, 5 days per week.#2 - Everything comes through CallRail: After the RVM's are sent out, calls start to come in through CallRail.

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

Since it's now been deemed safe, do you think it's still worth having future tenants sign a waiver and release just in case there is any incident within the parking structure, or, since it's been deemed safe, should we just not worry about it?