Rainiel De La Nuez
4.99 to 2.25 ARM: Did I do the right thing?
25 September 2016 | 8 replies
Although I do plan to sell within the next 3 years (military orders) I want to make sure I didn't make a terrible mistake by lowering my payments now just to save a few hundred dollars but increasing my total loan.
Brian Naumann
First Deal Gone wrong or bad PM?
29 September 2016 | 47 replies
I don't focus on residential or TK but when looking at those properties and areas look at various companies and compare and contrast risk versus benefit.In those bad areas to find a good property manager you might have to pay 10 to 12% or more management fee as the tenant is more intensive and more difficult to protect the income stream.
Andrew White
2 Townhouse, 1 loan?
27 September 2016 | 3 replies
Downside is split single contract into two, double closing costs and increased mortgage insurance costs.MY QUESTION:Does this sound correct, or is the underwriter mistaken...Do multiple townhomes require their own individual loans for each single unit (even if apart of the same structure)?
Joseph Brantley
Columbus Ohio Buckaroo
24 October 2016 | 10 replies
but a lot goes into analyzing a deal, including: $/SF, Average Days on Market in the area, how easy or difficult it is to get permits in the area, how long the flip would take, comps/ARV, Rehab, Rental Rates, how the area is trending, holding/carrying/hard money costs, closing/commission costs etc.If you can analyze the deal, you can then negotiate the deal with sellers, buyers, and lenders.
Dyrol Harding
Cash out using a JV on a flip
25 September 2016 | 0 replies
The property needs about $400k in repairs to increase the ARV to 1.5 mill - 1.7 mill.
Ian Carlin
Seller didn't disclose all leases, but need to move in per loan
25 September 2016 | 1 reply
The seller disclosed the long term leases on two of the units, but only provided the expired, 2 year old lease and the rental increase notices for the other two and did not produce the additional long term leases that tenants shared with me.I'm in a bind here, I can't break the leases and can't stay in compliance with the loan terms.I've already reached out to my agent, who is fortunately a commercial brokerage with an attorney on staff, but have not heard back.
Chanelle Lavigne
To all Montreal investors: newbies and experienced!
27 September 2016 | 3 replies
I don't know about you but I am finding difficult to find events or meet up that happen on a regular basis to meet new people, share stories, experience and create strong business connections.
Chris M.
In a difficult place with an old friend - need advice
5 November 2016 | 19 replies
It's incredibly difficult to change others, in fact, it usually ends up being a waste of time.
Sam Leon
Need advice to make this interior more appealing
26 September 2016 | 6 replies
There are all together 24 of these ceiling trays.If I can removed the wood trims - don't think this is going to be too difficult, the glued on mirrors would be a real pain to remove.
Priscila Parra
Rental Market in Queens, NY
7 December 2016 | 9 replies
Good afternoon,Cash flow is difficult to find in most of the boroughs but there are still deals out there.