Alex Tobias
What info do you ask for when first evaluating a deal?
22 November 2017 | 12 replies
Current rents: you can glean this information through online sources as well as old-school searching (walk-ins, calling the buildings)Talk to local brokers to get the inside scoopMarket analysisCheck to see if building is in a flood plainYou can ask for, but these items are usually provided after signing a contract: Leases for lease auditing against bank statements, tax returns and leases (usually not provided before a contract has been signed).Tenant payment historyViolations, delinquenciesLease addendum and/or other agreementsTax ReturnsBank StatementsUtility billsCan RUBS be implemented (some municipalities may not allow it)Service contractsReserve fundsEnvironmental assessmentEmployee recordsStructural issues including foundationEmployee historyOther value-add features that can be added include:Trash valetCar portsStorageDog parksTo be honest, a similar level of due diligence is required across multifamily and manufactured housing (mobile home parks).Best of luck!
Paul Sung
Did I Make the Right Decision/Use the Right Process?
20 November 2017 | 9 replies
Just be as low as possible under your debt service.
Scott Kennedy
How to approach Mr Banker that controls forclosure.
22 November 2017 | 17 replies
Yeah, you could call and get a customer service rep and explain what you want and all but you're just gonna get the run around and will waste your time trying to get to the decision maker.
Justin Y.
Tax Shelter for Real Estate Income
21 November 2017 | 11 replies
For SEP and qualified plans, net earnings from selfemployment is your gross income from your trade or business (provided your personal services are a material income producing factor) minus allowable business deductions To learn more about self-employment income rules, see the following. https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center
Martin Saenz
Note Investing - Day 14 or 14 Thank You's
20 November 2017 | 2 replies
This morning I’m sending gratitude to Joe Labruna of Land Home Financial Services.
Drew Poniewaz
Self-directed IRA / SDIRA st. Louis
10 December 2017 | 7 replies
May of my clients have used IRA Services Trust Company and the are located in northern California.
Daria B.
Lumber Liquidators new store
28 November 2017 | 4 replies
Anyone been or had experience with the products / customer service / returns from this company?
Daniel Sheftman
Raleigh-Durham investing from out of state
6 July 2020 | 24 replies
I'm sure either of them can be of excellent service to you. :-) Good luck!
Martin Ruiz
Program and Analyst
20 November 2017 | 0 replies
I want to include all fees and also determine ASAP values without logging into MLS Services to get values.
David K.
Multifamily Fixed Rate Financing for 25 to 30 Years in CA?
29 November 2017 | 10 replies
Also, another thing to note, it is much more beneficial for the borrower to go directly to a seller/servicer who can originate this debt directly.