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1 September 2021 | 5 replies
I don't want something to get broken, theft accusation, a door left unlocked, pet got out, pet isn't secured, etc. have a he said/she said argument on who is responsible.
4 September 2021 | 11 replies
i have the benefit of the VA loan and my friend that is on pretty much the same pay was given up to 350K loan with the VA loan, so i figured it would be easy for me to secure that financing and get a nice quadplex. boy was i wrong... the bank is only willing to give me a 150K loan (which is weird as i also have similiar credit to my buddy) and living in augusta georgia everything that is multifamily is very expensive and old. the cheapest duplex i could find was 180K and in disrepair, so i decided perhaps i could just buy a single family home and have roommates/ split the house/ ADU. but i can't even get quotes from local construction companies until i own the home apparently. so i don't think i can calculate the expenses until after i buy the home.so based on the situation i'm reaching out for help on the forums. any advice is appreciated!
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2 September 2021 | 5 replies
I was trying to do right by them and offered them a pretty substantial amount of money to leave and pay for moving, enough to pay their next security, first, last, and then some.
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11 October 2021 | 21 replies
After *all* expenses, ROI on rent is 3.5% - this excludes any appreciation.A week later, I saw the SAME unit as mine, in the same complex - it was advertised for $50 more monthly rent than mine, so I feel secure in my rental rate being at market.
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31 August 2021 | 2 replies
I’d love to hear about networking and securing financing creatively… such as co-signs or using a guarantor ?
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8 September 2021 | 5 replies
Price 450,000Cap rate on listing is 13.35%Taxes 15,700Annual Gross rent 81,9008 unit property 4 commercial units (2 restaurants, 1 liquor store, 1 mechanic which uses the garage) 4 residential units (2 units are 1bed/1 bath, other 2 units are 3bed/1bath)The property is right off a main road with the train tracks to the side of it C class neighborhood The property will need renovations, roof was done this yearAll units are rented and have been long time tenants This would have to be a cash deal and was thinking about getting a hard money loan to secure the property and refinance out of it.
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31 August 2021 | 5 replies
Ask what they do to prevent parties and increase security in general.
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2 September 2021 | 5 replies
And when you secure the listing manage exceptions based on the average days on market.
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17 September 2021 | 28 replies
The two greatest lessons we’ve learned are around lending and working with contractors.We anticipated closing escrow and then securing a HELOC for about $250k to complete the renovations.
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2 September 2021 | 3 replies
IF they blow their security deposit on other things.