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24 February 2024 | 1 reply
I've recently changed careers (01/2017) and am self employed as a RE Agent so I don't have a steady income to pay it down!
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23 February 2024 | 24 replies
Properties sold to Fundamental Partners for about 12% below foreclosure value.I wonder if 12% will be enough to weather the storm.I believe these are Fed Low Income Rent controlled, I wonder how much longer that will last (with no ability to raise the rents).There looks to be quite a bit of Physical Damage to some of the brick walls, and the Trash from the pics looks to be piling up to the clouds (Citation Level).I wonder what the occupancy level is, as there seems to be lot of mailbox doors swinging in the wind.Were these guys hand picked by the forecloser to take this over, or did it go to open bid with another lender underwriting a new loan?
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24 February 2024 | 10 replies
If you can’t, then try to go 5-story and get more density of units. 4-story usually incurs all of the additional cost for commercial code without the additional income from higher density.
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24 February 2024 | 1 reply
My partner on the deal financed it using his W-2 income.
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24 February 2024 | 2 replies
Can you qualify with IRS income taxes, credit and 80% loan to value non owner in the future?
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23 February 2024 | 1 reply
Let's say below is my yearly depreciation2021: -$10,0002022: -$10,0002023: -$10,000As I had no other passive income I couldn't take the depreciation, but in 2024 if I have a passive income can I take the depreciation from all the previous years or only the past year?
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22 February 2024 | 1 reply
Currently working in a corporate as a Project Manager, and an aspiring real estate investor.
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25 February 2024 | 22 replies
Running a fancy Class A downtown luxury apartment is far different than a 50 year old building in a low income area.
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23 February 2024 | 387 replies
This can help you get started while your income/savings are low.