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11 June 2024 | 2 replies
@Randy MannYou will need to find a private lender or partner on these dealsAlso recognize that when you go to refinance it probably will not be in a year as the lender will want to typically go 75% max and chances of that type of appreciation in 12 months is very very low
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10 June 2024 | 4 replies
Is there a typical amount that may be offered extra to help them out after I come to my price?
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12 June 2024 | 9 replies
I received an offer can someone please help me.
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12 June 2024 | 8 replies
I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town. 8 standard 2/1 apartments - Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k Cap: 10 (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth, 34k/yrCurrent Cash flow: 531/mth, 6,378/yrAfter reno Cash Flow: 2131/mth, 25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).
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10 June 2024 | 9 replies
One day miraculously an offer of his was accepted.
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12 June 2024 | 2 replies
My conclusion is that Oregon offers some of the most investor friendly coastal property operating expenses and value in the country.
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10 June 2024 | 1 reply
As with most areas, the search for a vacation rental is typically dependent on permissibility of usages and the Oregon Coast is no exception when it comes to increasing barriers to entry of areas and properties that will allow nightly rentals.
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10 June 2024 | 39 replies
We typically offer cash for keys first.
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11 June 2024 | 7 replies
Other family will typically step in and help you out.If you've got the money to buy, just find an older adult in your family, and make the pitch, "Hey, I'm looking to invest in real estate...
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12 June 2024 | 0 replies
We waited 7 months for the bank to make a decision on the short sale, and once the bank came back with an acceptance counter-offer, our buyer bailed, even after multiple times of telling him this was a really good deal!