Abdurrashid Abdussalam
HELP!!! - I found 2 off-market apartment complex deals
19 June 2024 | 6 replies
I do have a Commercial Fix and Flip Program that will provide cash for the acquisition and to Rehab the property.Once it's stabilize we can secure Permanent Financing and take out the bridge loan.Multifamily has, by far, the most interest in CRE Financing world, if it's a good enough deal we can get you the financing but I refuse to make bogus promises about what is and is not possible.If you DO NOT have the cash to put down on the property there a few creative financing avenues which may be possible if you have a motivated seller that is willing to work with you on terms.The 68% occupied property would be most fit for creative financing because there is clearly something going on there with the current owner.You can look at a master lease with an option to buy or doing a wrap combined with a seller second... the only thing is that the seller is highly unlikely to accept those scenarios.Now... there is one "highly unlikely to happen" scenario where you could technically get 100% financing but, again, the seller would have to be out of his mind to say yes.It entails a Hard Money FIRST MORTGAGE of less than 50% of the "Quick Sale" value as determine by a BPO... this would serve as your down payment.
George Red
Done with tenant. Send vacate notice & start eviction process at same time?
18 June 2024 | 8 replies
Looks like the last move was to serve the 30 day notice.
Dulce Davis
How to find home owner/squatter issue
21 June 2024 | 35 replies
Read this: https://www.nolo.com/legal-encyclopedia/collect-court-judgme...I thought about that, but on another case i was told that the person I'm suing has to be able to receive the court serving notice.
J Corona
New tenant in ICU
19 June 2024 | 12 replies
We would have the notices posted, file with the courts, and serve them.
Juliette Olsen
Self manage or hire property management, that is the question?
20 June 2024 | 23 replies
It could be something simple like making sure you have a legally compliant lease, or how to properly serve a 3-day notice for late rent, or could be more sophisticated of how to communicate with residents when their 4-year-old shoved their toy in the garbage disposal and they don't want to pay for it.
Chuck A.
Eviction
17 June 2024 | 12 replies
If you wish to pursue damages/rent that exceed any security deposit make certain you get their new address so that they may be served notice of this lawsuit (this is often the sticking point in many eviction situations).
Jim K.
For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums
20 June 2024 | 69 replies
I think I've had two or three different new posters get offended by my replies in the last few weeks, which I admit are not served up on a poo poo platter with hollandaise sauce.
Chris Seveney
Are you still actively buying mortgage notes
17 June 2024 | 36 replies
I think people need to realize, if they are not going to go hunt for their own food and have it served to them, then they will pay more, just like going to a restaurant - so expecting 11%+ for someone to find the deal is still around, but expectations should be lower.
Dav Pohote
Is this an exterior shut off for electrical or just related to AC's?
16 June 2024 | 2 replies
They are actually the overload protection for the units but some AHJ'S allow a circuit breaker to serve as the disconnect.
Donald Taite
Hotels
18 June 2024 | 53 replies
Its flagship brands include Comfort Inn, one of the largest limited-service brands with about 2,400 properties; and Quality Inn, which serves the midscale hotel segment through more than 1,200 locations.