Jennifer Katherine De Loughy
Any loans on vacant land?
20 September 2024 | 13 replies
@Jennifer Katherine De Loughy- probably not ....try reaching out to local bank / credit unions that are close to the property ...try reaching out to any bank connections you have ....you might find a lender that's willing to cross collateralize it with your home
Tarun Mitra
Tenant asking to replace floor
21 September 2024 | 12 replies
I'd also mention that the rents were raised because they were well below market value and still are below market value, so they've been paying less in rent for X years.I'd also explain if the floors get replaced, they have to move all of their stuff out of those rooms and leave it out until the new floors can be walked on.
Bradley Hendrix
Going from -50K to 1 million
13 September 2024 | 7 replies
When the building is fully rented allowing for a 10% vacancy the NOI will be $136,800.00 which will put the value around $1,700,000.00The refi I have in place at current rates will give me about 200K cash out and 50K cash flow a year.There's a ton more I could add in here but it's already a long post.
Maggie Rose March
Fix & Flip
20 September 2024 | 4 replies
It’s not uncommon for banks to take 30-45 days to close, which can cause you to miss out on profitable deals that require quick action.3.
Allen Higbee
90 Day Challenge-1st Investment Property
15 September 2024 | 0 replies
I'm buying the property with cash, in a trendy neighborhood.
Sousie El
How to Find out any issues with HoA before placing an offer?
10 September 2024 | 1 reply
So that I find out doing my own calls to find out why the offers was denied even was just so close from asking price and Im willing to go with second offer, I found out that the place has reserve litigation issue and my agent who I rely on and keep emphasizing how we need to work smart dropped the ball again on me and didn't due enough diligence even he claims he knows how to do property searches etc etc which made me feel its an extra that he has, it was very sample to just ask the listing agent so not to waste my time neither his sending unnecessary contracts...
Rachel Leonard
Buying a house to rent to my in-laws
14 September 2024 | 6 replies
I do have sufficient cash of our own in our bank accounts to show we could cover the mortgage for ~6 months if it was unrented.
Percy N.
Penn Capital's 192-unit Acquisition in North Carolina
16 September 2024 | 0 replies
Purchase price: $34,700,000 Cash invested: $7,500,000 192-unit institutional class B+ property located in between the Research Triangle Park area and Greensboro, NC.
Sam Kay
Multiple Recurrent Leaks - Need advice on pivot strategies.
9 September 2024 | 14 replies
I'm having a good trustworthy plumber come out.