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23 March 2018 | 1 reply
Hi Everyone,This is a new situation for me. I bought a 5plex in a nice area, I also live in one of the units. One of my inherited tenants on the third floor is moving out and buying their own home in April. Their leas...
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30 March 2018 | 12 replies
That’s not a bad idea, I may just do it that way.
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28 March 2018 | 25 replies
I can understand the desire to have a great cash flow and high ROI with no $$ in the deal, but I don't see the point in running your numbers based on that goal, and making a decision based on those number.....especially if your real plan is to put 20-25% down anyway......If you can find a place that cash flows well with zero down.....and isn't a BRRR deal, then that's pretty awesome6.5% ROI isn't "bad" .....its just not great.....there are other OOS places that have the potential to do better....but some of them come with a higher risk (lower class neighborhoods etc).
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23 March 2018 | 1 reply
Do they say that about Bankers, Grocery Store Owners, Doctors (well maybe doctors..bad example) plumbers, etc?
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26 March 2018 | 8 replies
Isn’t it a bad idea to have real estate of any kind in a S Corp, too many tax issues??
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24 March 2018 | 12 replies
All this makes it sound like it's a bad Wholesale deal.
15 June 2018 | 12 replies
If you buy a deal that can't survive a correction, it's a bad deal.if it's a good deal, buy it....buy it RIGHT NOW.Passing on opportunity is FAR more risky than anything else.
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24 March 2018 | 14 replies
I started diving more into the financing side at the end of last year and became a commercial and hard money broker.I've seen a lot of loans (on good deals) rejected due to these reasons:Not enough down payment / liquidityLack of experienceBad creditCitizenshipI feel bad when there's a good deal (70% rule, sometimes 60% rule) and the borrower loses it because they can't get financing for it.
25 March 2018 | 5 replies
You will be surprised at how much inspectors and city officials want to be acknowledged and not simply seen as the bad guy....in most cases they are not the bad guy....but that is sometimes the perception.
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21 April 2018 | 15 replies
Of course, that is one of the things that gives wholesalers a bad name in the first place.