James Boreno
How long until I can do another 1031 Exchange?
26 January 2024 | 10 replies
That sounds like someone who had the intent to hold but is changing that intent for good business reasons.
Jacob G.
Buying a property that will inevitably rent at a loss
26 January 2024 | 22 replies
The only reason to buy a negative cash flow property is if you are pretty positive that it will appreciate a LOT and quickly as well......But @Jon K. said it well....
Hugo Ramirez
Starting from Zero Looking for Mentor into Multifamily Invest
23 January 2024 | 16 replies
I'm a newbie on it, I want to make it serious many of them says "without a penny from your capital" sounds too good to be true specially when you are new, and with no network on this area like PM, Lawyers, GC, Lenders, Investors etc.
Chris Stratton
1031 Exchange - DST?
25 January 2024 | 70 replies
Instead of paying a percentage (load) of the total investment, they accept a reasonable fee for their services and credited the load back into my DST investment.
Michael Hayes
Memphis Section 8
26 January 2024 | 18 replies
We have various borrowers who are collecting more rent then an appraiser indicates is the fair market rent for the property. the reason for this is that the amount of the voucher can vary depending on the size of the family receiving it.
Gabe Callaway
Financing Multi-Family with DSCR Loans
25 January 2024 | 15 replies
Hey Gabe,I'm hearing mixed things about true multifamily properties in the conventional space (complicated underwriting processes) but I know that house-hacking is still very viable in the 2-4 unit space.As for DSCR, you just have to find the right lender for what it is that you are looking to do.
Alex Yost
Closing concessions? What is your strategy?
31 August 2016 | 13 replies
If it's a latent defect that's uncovered during a thorough inspection and the buyer wouldn't have been able to determine it before that time, then I think those are reasonable requests - even if they are expensive.
Sean MacLeod
Broker Commission Question
25 August 2016 | 1 reply
Reason being is because I'd rather not have my company receive a check, and then turn around and pay it out to me.
Michael Prim
REI in Western Chicago Suburbs
1 September 2016 | 4 replies
It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?