Michael Hoover
Deal or No Deal - 8 Door Appt. , Rural but College town, Owner finance
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).
Leena Stacey
Can a investment property owner live in the home as primary residence legally
11 June 2024 | 4 replies
Hi, Im looking to buy a house in southern california and received approval for investment loan for investment property that is a single family unit home.
Michael L.
Is it better to rent for the company or acquire a company with the equipment?
8 June 2024 | 7 replies
Most good concrete companies will have their own equipment to grade and dig the site for prep work.
Brendan VanDalinda
Nashville Market Questions
10 June 2024 | 5 replies
While I've typically focused on single-family homes, my journey into real estate began with buying my first house using a VA loan and house hacking it, then acquiring additional properties from there.
Derek Morrison
Cash purchase then mortgage
11 June 2024 | 5 replies
(Loan to Cost) Can you find a private guy to lend you high LTV for short term?
Chandra Towns
Advice on raising credit score
11 June 2024 | 6 replies
Looking for advice on my general financial picture and what I need to do to get it to a place to be able to qualify for home loans.
John Underwood
Insurance broker or Agent for STR's in Pigeon Forge
11 June 2024 | 8 replies
Good people and good company.
Kurtis Tryber
How to unlock Equity in rental property? Help on figuring out a potential strategy
11 June 2024 | 5 replies
Current Loan Balance: 100,952Interest rate: 3.75Mortgage payment + insurance/taxes: $1066Rent: $1500/monthEstimated current value: 227k Current cashflow: $369/ month, I also have a first american home warranty on it $68/month so after everything I net about $300/ month.
Robert F.
Repair contingency- no progress has been reported
12 June 2024 | 4 replies
I am under contract to buyOffer was made with inspection contingency Seller agreed to repair or replace furnace a week agoI asked my realtor to check on the progress of seller and they have no real news for me a week later, other than an HVAC guy was on property- per sellers realtorMy loan is conditionally approved pending appraisalI told my realtor I’m not ordering the appraisal until I am satisfied with the progress being made to fix/ replace furnacIs that unreasonable?