Nicholas Kitchen
Deal Analysis in Florida
31 May 2019 | 1 reply
I’d like to give you the details and see what yall’s thoughts are...10 Unit (of 2 buildings)Listing Price: $1,100,000Potential Gross Income: $124k6% Vacancy (but building is currently 100% occupied).Effective Gross Income: $116kNOI (Including a 5% CapEx and 7% Property Management): $75kDebt Service is around $50kLeaving me with an annual cash flow of $25kDSCR: 1.5B/E Occupancy 73%Cash On Cash: 7% (with 30% down payment)On paper, it seems like a great deal based on everything else I have analyzed in my local area.
Michael Ring
Meth Remediation Before Gut?
1 June 2019 | 14 replies
https://methlabcleanup.com/Meth-Lab-Cleanup-Standards.htmlit is likely that properties used in meth production will more frequently be placed on the market for sale.
Tony Castronovo
FINALLY Closed on My First Multi-Family Apartment Complex
15 August 2018 | 55 replies
It seems like commercial broker sends only their lising (off-market) in e-mail so they can get deserved commission both sides. so is it ok to connected with more than one broker ?
Matt McCue
Expenses incurred finding a rental property deductible?
2 August 2018 | 2 replies
Practically, people just deduct the cost in their schedule E as overhead.
Vincent Plant
HELOC on your primary residence?
5 August 2018 | 2 replies
The process/product may vary by lender, but you would obviously need to go through the application process like any other mortgage and provide your income information.
Evan Pickvet-Hall
Mid-Michigan Private Lenders?/General Financing Advice
5 August 2018 | 13 replies
There are products out there for 1 year self employed tax returns .
Jacob Tracy
Fixed rate mortgages?
7 August 2018 | 5 replies
There are 30 year fixed products for investment properties under LLC's but the rates will be a bit higher. looking at around the 8%'s or at best mid 7%s
Yannes Chiang
So diificult to find multifamily loan < $500K
4 March 2020 | 19 replies
@Yannes Chiang Have you looked at Freddie Mac products?
Charles Lecky
Do Third Party Affiliates Require NMLS License for Loan Products?
6 August 2018 | 1 reply
These personal finance websites do not directly mortgage products themselves.
Daniel Lopez
Converting Primary Residence into Rental Property
17 October 2019 | 9 replies
There may be additional requirements or products your agent can offer...I just tack on policies as I acquire properties.