11 June 2020 | 7 replies
I would try and find a few partners that have a complimentary skill set to mine that also have about that much money to invest and then I would start looking for value add apartment deals in the 1.2MM range and 8-15 units that we could buy, update, increase rents, add a good amount to the NOI in the first year or so, then try and refinance most of our money out by the latest year two.
25 January 2021 | 2 replies
Just started using them--will update in a month or so.
5 June 2020 | 10 replies
My next scheduled eviction is next week, I will be sure to update the post on how things are proceeding.
1 July 2020 | 14 replies
If you can't get a response, I'd find another broker, he may be too busy and wants to hold on as long as he can.In general, lenders are getting tougher on underwriting since low rates don't leave much room for margin of error, so want monthly updates on I&E during the process, maybe larger reserves also.Right now in OR, my biggest issue is with appraisers. 3 years ago when banks wanted apt debt, I thought they overpriced stuff, now they're going in the opposite direction.
4 June 2020 | 2 replies
As an update, I did the usual... called their references, and that certainly helped clarify their situation for me.
2 September 2020 | 5 replies
Update- got a new tenant pretty fast.
4 June 2020 | 2 replies
Even though I did not update it daily, it pushed me to achieve my first goal of owning a real estate investment home.
5 June 2020 | 5 replies
We just sent this to all our clients as the 4th update since Michigan was put under government lockdown March 10.
9 June 2020 | 2 replies
I explained my circumstances with him prior that i would know once the gov released an update.