My agent called the seller’s agent requesting him to pull the listing off, seller agent agreed but never did match his action with his own words.12.03.18 - after I sent a serious demanding letter on 11.30.18 to seller’s agent, they finally signed the mutual release and returned my earnest money.

Hello everyone,This is a complex deal but I really want to make it happen (by making everything match) and I focus that all of you can help me find the golden mean here and potentially to find a partner.

He wanted to match some mismatched roof pitches and add a bigger porch.property taxes are very cheap since it is not livable.Out of the theoretical 170k necessary, we would need to finance 140k probably with a HELOC?

Purchase Price: $1,410,000Financing: $1,125,000 assumed CD @ 5% interest only, 4 years remaining on term ($285,000 down payment @ 8% interest only, to match CD term of 4 years - privately raised)Income: $164,016 Monthly income breaks down as follows: 11 2-bedroom units @ $795 each, 6 1-bedroom units @ $695 each, 1 studio @ $541 each, 12 garage stalls @ $50 each, ~$200/mth laundry incomeVacancy (5%): $8,201Gross Income (after vacancy): $155,815Taxes: $18,000Insurance: $7,000Maintenance/Repairs (3.65%): $6,000Utilities: $17,000Property Management: $18,144 (1/3 first month's rent for each unit + 8.75% management fee)Total Expenses: $66,144Net Income: $89,671Debt Service: $79,450 (this accounts for 5% interest only CD/8% interest only down payment)Total Cash Flow before Value-Add: $10,221DSCR: 1.13Purchase Cap Rate: 6.4%All units are currently under-rented, and they should only require very light cosmetic work to turn.

If they were good....why would they waste time with someone, when there is a distinct possibility you will close a deal with someone else instead of them.Here is also the problem......90% of agents who will only work with you exclusively are also not worth working with.Find an agent you like, that has the knowledge and skill set you are looking for, and use them. 

I have a business partner with whom we have to match our investments to keep everything 50/50.  3.

Hello,So I am looking for a multifamily home in the Tampa/St. Pete area that is under $220k. I am doing a VA loan, so I have to live in the property. The goal is to house hack the home. My parent will also be living w...

Hey Joe, I found a FSBO that matches your criteria, I called the owner, they aren't paying a buyers commission so you would be responsible for that when it closes.

Right now, there is a TON of Multifamily being built all over the metro, and if you aren’t familiar with the area, there are some interesting shifts that are happening just over the past 6 months in single family—I’m not aware if those same changes are translating to multi.From the people that I have talked to, occupancy rates are leveling off and competition is causing some rent compression to happen.I listened to a great episode of BP yesterday—show 301 with Alex Felice on long distance investing—, which summarizes the resounding thought in this forum “you want to convince people that are better than you to deal with you...so they can bring you up”Not to totally go into the Tule's  however back in the 80s as I stated there were two distinct factors that happened to syndicator I worked for and for my retail clients trying to relocate out of DFW.One as stated houses there just did not really appreciate and many folks were a  tad under water.. and the banks there simply don't let you walk away .. they will and did sue homeowners for deficiency judgements.. unlike as I stated west coast deficiency judgements on purchase money first position owner occ are against the law.    

We built 36 and the  52 most of the southern states we could not match that number .