Michael Harris
Rental loan 75% LTV full purchase price
18 March 2022 | 4 replies
Especially in this real estate market with inventory so tight, sellers typically try to get full market value.
Harlan V.
Need help with first time 4 unit off market analysis
25 March 2022 | 0 replies
My biggest concern with this deal is that I'm not sure if I'm running it too tight?
Austin B.
Need advice on "best option" for my situation
3 April 2022 | 18 replies
Sit tight, relax and set up a DRIP reinvesting the Dividends account.
Kristi Wolfe
What if I cannot find an end buyer?
1 April 2022 | 12 replies
If the seller is sophisticated and the contract you've used is not tight he could sue you for non-performance even though you don't have any $.
Robbie Case
Offer submitted to beat deadline, need POF
30 March 2022 | 8 replies
Neighbor to one of my rentals listed their property last week. The cutoff to submit offer was today, so didn't have time to secure financing prior. I have one partner that will cover 25%. We only gave ourselves a few ...
Chris O'Reilly
Self Storage Conversion Leased Property
15 April 2022 | 2 replies
Ton of risk in forking over the initial capital to get setup, you get no depreciation, and industrial is pretty darn hot too, so I'd think the location would be really poor or need a lot of work if a landlord really was open to it.I'm sure this happens in very tight coastal markets, but with larger operators and very long lease terms.
Jason Malabute
HERE'S WHY I DON'T THINK WE'LL SEE A MAJOR CORRECTION FOR A WHILE
5 April 2022 | 17 replies
If you were modeling 3.5% rate last week and put in an LOI, now rates are 4.5%, assuming the deal tight due to low cap rates, it may no longer pencil which will lower the price ceiling.Real estate is a lagging indicator, you won't hear about it until after deals have blown up.
Maclovio Garcia jr
Asking for wisdom/knowledge from experience/veterans investor.
29 March 2022 | 1 reply
We bought our first properties in 2006-2008 and for a while there I felt like we had made a big mistake, however, we stayed the course, kept our properties and they turned around and it's those properties that have really made a huge difference in our financial life today, but it was a long haul and a lot of months with the belt pulled tight.
Hillary Buckingham
Can you contract for deed an existing mortgage?
3 April 2022 | 2 replies
Issue is getting the seller to go for it.. unless there is a formal assumption and the seller is relieved of their liability to the existing mortgage the seller remains on the loan and therefore if its a loan reported to fico it stays there and if its a loan that has a possible deficiency judgement against the owner that stays there.So its no issue really for you as a Buyer the main issue is risk to the seller IE you default and the seller is in some tight spots.. they have a mortgage in their name but do not own the asset you do.
Ian Loonce
Can I sue for an error on an appraisal that ended up costing us?
4 April 2022 | 18 replies
We missed the deadline for our locked in rate and it was raised 1.5%.