Sant S.
First Multi-Family Property Acquired
19 January 2014 | 11 replies
I will buy something else much larger maybe end of this year but will have such a size to be passive with it except for local PM check in for reports bi-weekly or monthly.
Christian Carson
Freddie Mac - Multiple Offers
16 January 2014 | 6 replies
Standard inspection period is 10 days here -- but like I said, the POS inspection report is probably going to show up after that, and I'm sure that we're looking at at least a $10-30,000 extra cost.Is there any other backdoor way to get the earnest money back after the inspection period has expired?
Richard Floyd
Help me structure this deal! or talk me out of it!
17 January 2014 | 4 replies
80 unit apartmentcommunity consisting of 10, 8 unit buildings in aneighborhood setting. , the apartmentsoffer easy access to Interstate * and Interstate* and shopping within walking distance whilestill remaining in a quiet setting.One of the apartments has been converted touse as the management office, bringing the currentnumber of rentable units to 79.Units are 850 sq ft with 32 units having gasforced air heat at the tenants expense and 48with gas hot water heat at the landlord expenseThe property is currently renting at just below market but has enjoyed consistently stable and low vacancy rates.
Bryan Brashear
New Investor Flipping and Holding in Oregon
20 January 2014 | 8 replies
So I moved back to Bend, OR, my playground, and bought my first investment here in 2011.I'm consistently looking for ways to grow my company.
Justin B.
An Update on the Housing Recovery
17 January 2014 | 0 replies
As an example, the most recent report of "existing home sales" showed that 4,900,000 homes were sold on an annualized basis in November, 2013 (the last reported month).
Account Closed
Seller Financing OR Option to Purchase- HELP!
22 January 2014 | 51 replies
They do the title report, prepare the deed and note/deed of trust, etc.
Jordan L.
Can you get more than one prequalification letter for a loan
17 January 2014 | 11 replies
Will a prequalification run my credit report more than once if I decide to shop around for a friendly lender.
Luis Plaza
Wholesaling
17 January 2014 | 1 reply
The best way to find a mentor is to join your local REIAs and after a few months of consistently showing up, start to ask the major wholesalers out for coffee and see if they can offer you tips.
Bryan Hancock
"Reasonable Steps" Parsed For The JOBs Act
26 May 2014 | 10 replies
Nevertheless, in response to commenters' requests, the final rule provides a non-exclusive list of methods that issuers may use to satisfy the verification requirement for individual investors.The methods described in the final rule include the following:Reviewing copies of any IRS form that reports the income of the purchaser and obtaining a written representation that the purchaser will likely continue to earn the necessary income in the current year.Receiving a written confirmation from a registered broker-dealer, SEC-registered investment adviser, licensed attorney, or certified public accountant that such entity or person has taken reasonable steps to verify the purchaser's accredited statusThe underlined/bolded item above leads me to believe that this guidance is only for reference and one can do their own, independent process provided it is reasonable.
Danny Gerald Jr.
Tenant beware list
18 January 2014 | 1 reply
Always do a thorough tenant screening including employment verification, credit, background, criminal and eviction reports.