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7 January 2008 | 4 replies
Your issue (as you have correctly identified) will be the lack of liquidity---rehab lenders don't advance the cost of repairs or provide the same to you at closing, but reimburse you after the actual repairs have been done.
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9 January 2008 | 5 replies
They're looking at the bottom line sales price correct?
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9 January 2008 | 15 replies
Just does not seem like a deal at all... assuming your values are correct!
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12 January 2008 | 7 replies
GaryEDIT: Added numbers and corrected grammaticals.
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15 January 2008 | 6 replies
Just for argument sake, let's look at this deal:NOI: $10,707 per monthMortgage ($1,500,000, 30 yr, 7.5%) $10,500Cash flow: $207 per month or $7.39 per unit per monthThis is a VERY POOR deal in my opinion.If my assumption is correct that the expenses are off, then this property is a BIG LOSER!
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20 May 2008 | 18 replies
As a treacher, here is the problem/question: in order to coach you properly I have to make sure that you have all of the missing pieces filled in and also that you hae interpreted the information you found correctly.
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15 February 2008 | 7 replies
Does anyone have any ideas where I can provide the correct info within the laws and still provide safety for my family?
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13 January 2008 | 3 replies
Send them a letter with double postage and "do not foward, address correction requested" on the envelope.3.
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9 March 2008 | 20 replies
Do not buy a low income property if you are not willing to constantly be asking for the rent and sending all the correct notices for everything.
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21 February 2008 | 14 replies
I check the tax assessor site to make sure I am sending the letter to the correct address of the owner in the first place.