sorry old thread but..i've gotten out after 9 years in the navy.. 8 years in i bought with great timing.. prices plunging and low rates.. got a sweet duplex on an island which actually created enough cash flow to live off.. scooped up another island duplex with my mom only a few months later.. in the next 3 years was able to save enough to pick up 2 more houses paid in full.. and now 6 months later i'm in the market again.. still can't believe how well it's going.. so happy i chose to get out.. i do what i want when i want.. for me i wanted to buy asap.. it's a great time to buy..

This is a complex topic.

Right now I found a great ROI deal here in Arizona on an 11 unit apartment complex at $540,000 with a 12% cap rate.

There is a sweet-spot between 80-95K, where 1.25% is quite possible, with relatively little fixup (<10K).

So you end up wedging or replacing with smaller cabinets that ends up with some awkward spaces.2) The labor to assemble and install the IKEA stuff is more than a custom cabinet solution so our labor costs went up to compensate for the complexity.3) You frequently end up with missing parts or a busted corner on some of your pieces which requires returns.4) #2 and #3 extend the time it takes to install your cabinets. 

HOA, for those that don't know, is an organization to manage and govern a complex, the letters stand for Home Owner Assassins!

My lease, I dont think is any larger than what a lawyer might draw up for an apartment complex and only 8 pages because the print was enlarged along with an area for the applicant to initial next to each clause.

Do you know if the seller is pressing forward or just taking their sweet time?

There are 42 responses, but to put it short and sweet portfolio lenders off you massive flexibility in your real estate business, in terms, and structuring.

Wells will sell this loan off to Fannie (Mae or another GSE) and their underwriting won't allow high investor density complexes.