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11 June 2024 | 3 replies
It's disappointing because we've put a lot of work into these buildings and we were so close to the finish line of them being stabilized and would have been there already if he wasn't such a meddler.I've watched this guy use the same tactic of trying to threaten and intimidate delinquent and outgoing tenants with zero success and he never follows through.
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11 June 2024 | 16 replies
My credit union does 95%LTV with no closing costs and desktop appraisals.
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12 June 2024 | 20 replies
I have an option to rent to a close friend of mine but from a screening standpoint I don't know if his financials are there.
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9 June 2024 | 9 replies
I would absolutely use the pipes as a hit against the property when negotiating to try and justify a lower purchase price, but I would wait until there was a sign of failure to replace anything.
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6 June 2024 | 23 replies
I had a file recently appraisal came back 50k lower than expected, nearly killed the deal.
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9 June 2024 | 6 replies
The owner seems unwilling to evict the squatter, but is willing to lower the price.
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11 June 2024 | 11 replies
Table funding would essentially be purchasing the note from the note originator at the closing table.
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10 June 2024 | 5 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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11 June 2024 | 6 replies
I already secured a NQ mortgage; therefore, the deal will be closed under a LLC or land trust.
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12 June 2024 | 26 replies
I had two experiences of purchasing properties that were registered to someone but quit claimed to someone else who came out of the woods before closing.