Ryan P. Kotschedoff
Is 16 years old to early to be an intern at a brokerage?
5 July 2018 | 5 replies
Please don't count out furthering your formal education for the hopes of getting rich in real estate.
Kayla Pierce
Question for someone knowledgeable about mortgage law
24 July 2018 | 5 replies
I'm wondering if there are any real estate attorneys or mortgage law experts that would be available for a quick call.
Gabriel Beverly
Newb to Real Estate!
19 July 2018 | 8 replies
You will have to put up with being treated with all the mechanisms that the society excludes aberrant people: contempt, ridicule, disregard.The best thing that I can say about the second point is that once you do start making some money, it's amazing how quickly the same people that treated you like garbage start fawning over you.
Andy Ballester
Confessions!!!! 2018 has been a Murphy's law yr..
6 July 2018 | 2 replies
But it's my biggest headache, turned each apartment over .. both are currently occupied.. 2016 just worked collected rent, paid off some debt, while still trying to save... 2017 hey I'm never going to get rich in real estate if I dont make moves right..
David Hald
Private Loan @ 4% via family lenders?! What do I do?
8 July 2018 | 9 replies
Essentially almost ALL of the cash flow on the first paid for property had to go to pay off the notes that quick, but it allowed us to buy another 400K worth of good rentals for 'nothing down out of pocket' (just the equity we already had).
Brad Swaney
Small Mobile Home Park (purchase price?)
6 July 2018 | 2 replies
don't forget about mowing, snow plow/salt, some turnover, taxes for your manager/workers comp, free lot rent, money for your management time, accounting software, LLC set up cost Your going to have more of a greeter in a park like this, which would be free lot rent only and maybe $5 a lot...smaller parks have really thin margins...if you have 2 tenants move out, die, leave town, get arrested, whatever, you then lose 14% of your tenant base and monthly income for the property, get to 5 tenants and your at 40% which could throw your loan into nonperforming very quickly unless your willing to come out of pocket on something like thisjust to show your top gross revenue will never equal 40,000(210*14*12=35,280)just do your diligence and i wouldn't pay more than 200k for something like this...and thats a stretch or if there willing to carry some of the papersomething this small, don't turnover to a property management company because they don't know what their doing normally with a park like this and their going to charge 10% of revenue probably.
Trey Goodwin
First Property with small bank financing - 5 yr note 15 yr amort
6 July 2018 | 3 replies
That 5 years goes by too quick.
Violet Minnella
USAA's REAL ESTATE REWARDS NETWORK
17 April 2021 | 15 replies
They want to close quick, and they want you emotional, these are their normal business operations.
Brian Meroni
Finally...Ready for my first deal!
10 July 2018 | 9 replies
I know they are hard to find a deal and if you do then i am sure it is quick to be bought.I will be officially in the area on the 19th of July.
John Keenan
New Investor in the Massachusetts area
13 July 2018 | 12 replies
Certainly that's a safer approach for the buyer, but could easily put him at a disadvantage relative to more experienced flippers who can complete the due diligence quickly and make offers with few, if any, contingencies.