Ian Turner
Existing Duplex, additional 2-unit potential
4 October 2016 | 1 reply
The inventory is very low for multi-family in my market but rents are good and in high demand with a quality, stable job base here in our rural community.I have an opportunity to purchase a multi-family property from a gentleman who wants out of the business.
Ann Bellamy
Need an attorney or title company referral in Riverside, CA
28 November 2016 | 10 replies
Given the vague post, it's really hard to say.While I do work Riverside County and currently belong to the Estate Planning Counsel, I don't go out of my way to do business in the Palm Springs area because of the high price volatility during low economic times.
Aaron Hurst
Advice on First Deal - lemon or an opportunity?
3 October 2016 | 1 reply
Income and Costs (all numbers are annual)Nominal rent - 43.6kActual rent - 37.3k (14.5% vacancy. 33% turnover rate)Management - 4.5k (10.6% - could bring down with a PM switch)Maintenance - 5.0k (11.6% - ok, older building and a fair amount of tenant turnover)CapEx - 2.4k (5.4% - mostly plumbing costs: is that a worry?)
Jai Deva
investing in 100K house in A/ B+ neighborhood or 50K houses in B-
5 October 2016 | 11 replies
You are not going to purchase turnkey in the 50's in these areas.I am a big proponent of finding good houses in the low to mid 50's.
Brendan Canning
master lease option questions
26 October 2016 | 5 replies
A pretty property with low equity should be the target.MLOs don't necessarily have to be a commercial property, just multi-family in my experience.
Leslie Senior
Investor from Manhattan
3 October 2016 | 2 replies
The low inventory situation makes it harder to compete with cash buyers.
Miles Curtis
Inheriting Month-to-Month Tenants, Transfer of Security Deposits
4 October 2016 | 5 replies
He needs to give out emergency numbers for maintenance and also who they now pay their rent to.
Casey Mac
Hello from Ottawa, Canada
4 October 2016 | 3 replies
Hello all,Very envious of of the low-priced houses in all these US cities.
Chris Blackburn
Oregon Rates for mixed use property? Swap or loan? 3.75% 10/15
3 October 2016 | 1 reply
(25K for the swap, $10K for the appraisal/condition inspection $10K for the (They felt there was about $900,000 in maintenance that would need to be done over 10 years) Roof's, elevators, blacktop etc.
Jean-Frank Dorvil
Has anyone used Opt Funding out of Irvine C.A
4 October 2016 | 3 replies
Hey Joe,I looking for a lender that will do a 12 month loan on the following:List Price $150,000.00Purchase price $115,000Rehab cost $50.000 Total Loan amount $145,000 plus to be able to roll in interest and closing cost or seller help with closing.looking at loan for $165,000 LTV a little over 65% ARV $250,000 sold comps this year 250,000LTV $162,500 at 65%but i need the money down to be as low as possible.their terms are good but the money down is a bit high.Thanks