Christian Brodin
How to turn a great property into a disaster property
28 November 2015 | 17 replies
Those tenants tend to have plenty of life issues many with GED or not graduating high school.
Gordon Meadows
Development Takeout Agreement letter for Mezz Funding-
20 November 2015 | 0 replies
1.We have a buyer2.The buyer wants to buy 1,000 barrels/day in existing production3.Purchase price is $30M4.Our bank will lend 67% or $20M5.We have a Mezz funding source who will deposit the balance of the purchase price of $10M directly into our lending bank6.The Mezz wants to get paid off in 12 months with a 30% profit, so he wants $13M in 12 months7.The whole key to this deal is that the Mezz needs a Forward Takeout Commitment from a legitimate bank or life insurance company for the $13MFour questions, please:1)Can you provide a Forward Takeout Commitment for this situation2)I understand from the information that Gordon sent me that this type of letter costs 1 – 2 points and that is fine3)Will your takeout commitment provider charge anything to underwrite this deal and let us know if they are willing to issue a takeout commitment4)We are working on oil production deals in both the continental USA as well as Canada – are both locations acceptable to your takeout commitment providerI am really hopeful that the answer to 3) is no, because if it is, then we will put a solid production deal in front of you.Let me know – many thanksps.We are also developing several SFR /Modular Dev in Austin TX. (2016).
Nicholas Lohr
Resource finding area with best multi family cash on cash return?
13 December 2015 | 16 replies
2 camps in CA I see frequently.Those who made a ton of equity cycle upside and their dead equity versus the rents they collect has a wide gap.They see California with a host of issues and raising taxes and looking to put rent control on landlords.
Stephen Nicholson
New in Louisiana
27 November 2015 | 4 replies
I hope to meet some of you in real life sometime, just by reading this forum I feel like I know some of you already!
Craig Erickson
Finding a Real Estate School
22 November 2015 | 6 replies
I agree with you Rick H.undefinedI've never met a successful real estate investor in my life, under 60 today, who had never taken a real estate agent's class and passed with the exception of two other professions, attorneys and CPAs or those that actually learned finance, law and general business.
Ramon Moreno
130 k in equity in my first property and no idea how to use it
22 November 2015 | 5 replies
I wish you much success finding the path back to your family life.
Tricia O'Brien
Montgomery AL - Buyer or Seller's Market?
31 July 2016 | 9 replies
I've spent most of my life in Montgomery.
Ryan Ford
San Diego vs Oklahoma City?
23 November 2015 | 17 replies
At this point in the cycle, it's rare to see anything that I get excited about locally.
Clara Miller
Buy-and-hold and flip investor in Kansas City area
22 November 2015 | 8 replies
I currently commute from Olathe to downtown everyday, so eliminating that from my life for good will also be a plus!
Shirley Fanduiz
New to the Real Estate business
2 December 2015 | 5 replies
I won't want to be for the rest of my life.