Quote from @Chris Seveney: Quote from @Pierce Commerford: Hi, I am a new real estate investor that gets alot of value from Bigger Pockets.

Thanks for the insight, Chris.

Quote from @Chris Seveney: @Elizabeth RoseHave you contacted your insurance company?

Chris

@Stuart @Gregory Schwartz @Chris Seveney Thanks a lot for taking time to respond to my query.Initially when I made an offer to purchase the property, the lender-1 brought so many last minutes after about 10 days into the deal.

Quote from @Chris Seveney: Quote from @Conor Neville: Hi all - my business partner and I have found a nice property we are interested in and are trying to decide between a conventional 30 year through our lender, or the owner financing offered by the owner, which is as follows: Price is $280k, would need to put 30% down and it would be amortized over 15 years at 1% below market rate.

@Shawn McCormick @Chris Grenzig This is really great insight.

Quote from @Chris Grenzig: @Alex K. we started out managing our own properties and now we also manage for other owners too.

Quote from @Chris Allen: When Do you think the best time would be to sell off a small portfolio? 

Quote from @Chris Seveney: @Ray HageI agree as I would stay away from condos as between special assessments and increase of fees, what is the risk vs reward.Many of these buildings are run by people who are not property managers or have development experience and lack the knowledge to properly run the propertyAlso many don’t realize that on older buildings your initial estimate will be 30-50% less once the work starts, especially on older concrete buildings that are susceptible to deterioration due to the weather in these areas (especially the salt)I agree with you Chris.