Ryan Robbins
Deal / Entity Structuring Tips- Family partnership, Non-Arms Length Transaction
15 December 2023 | 0 replies
Below I've listed facts of the deal: - Property located in rapidly growing Speedway, Indiana - less than a mile from the world-renowned Indianapolis Motor Speedway. - Property worth $190-200k, conservatively.- Purchase price in the $130-140k range (aware this could trigger potential gift tax, looking for advice here)- Interest rate of ~7% results in P&I of $874/mo (assuming no money down, using the built-in equity), market rent in the area is $1700-$1800 for comparable properties. - Property is in good shape and only needs $10-15k of improvements.Below I've listed the financials of our joint partnership:- Access to roughly $40k in Cash- 700 & 780 credit scores- Joint Income of $300k+, $400k+ including spousal incomes - Both of us have sub 20% debt-to-income- One partner highly skilled in managing people, and plan to have him be the “people” side of the business (screening tenants, working with contractors, etc) Other is experienced accountant that will manage flow of money, refinancing down the road, financial reporting, tax, etc.Main questions:How should we joint purchase the property?
Matthew Teitsma
First property, Kalamazoo, MI
24 December 2023 | 27 replies
The property is located in the southwest part of Kalamazoo, still learning more about the area as I live in Grand Rapids.
Sudhir Dalal
Cincinnati, OH market for multifamily
1 April 2021 | 9 replies
It’s not rapidly growing as much but it’s still a good overall market.
Kevin Keck
Anyone use APIs to get good information?
20 January 2020 | 12 replies
I will say Attom has upped its game in the last few years concerning ML and AI.... so who knows, they might actually have cleaner data now, and overall it might be cheaper to buy from them as a reseller.First American are quality people, and they are scrappy... they have a huuuge database of scanned doc images that they have run ML against for the juicy tidbits of data a county/city does not collect or load onto public-facing .gov sites.Most of the data you are looking for, like accurate monthly parcel/assessor/people ect data can be had just by googling your county name with 'open data GIS' in the search string.
Mariel DeVito
Rapid Rehousing Program in Florida
20 December 2023 | 1 reply
I find myself looking for some similar information on these:EMERGENCY SOLUTIONS GRANT (ESG) OR EMERGENCY SOLUTIONS GRANT RAPID UNSHELTEREDSURVIVOR HOUSING (ESG RUSH)
Sebastian Garcia
Real Estate APIs and Data Science
1 September 2021 | 45 replies
Rapid API is a platform for tons of APIs.
Jimmy O'Connor
Best MLS and Property Listing API's
15 September 2021 | 1 reply
I don't know what guard rails they put on it though so there may be something preventing you from doing it, but maybe worth looking into. https://support.brightmls.com/...You may also be able to create a crawler that scans Bright itself for data your looking for.
Henry Hogeterp
Getting Ready to Purchase Next Property
13 January 2022 | 2 replies
I bought my first investment property a duplex I’m house hacking in Grand Rapids Michigan.
Mark Borchardt
Regional Property Manager
20 December 2023 | 2 replies
Hey Mark, I'm an investor in the Cedar Rapids market, but have decided to take a 2 year "sabbatical" from buying (I'm too damn tired...LOL).
AJ Wong
Mortgage rates drop and buyers shop, but what about listings and inventory?
16 December 2023 | 0 replies
In extreme scenarios; inflation accelerates, commodity prices (like gold) spike and mortgage rates and equity markets decline, which could force investors toward hard, tangible real assets for rapid wealth and asset preservation.