Chris Corey
Cagey real estate agent
15 March 2020 | 18 replies
Sounds like it might be an inside job to be honest.
Presly Ulen
How a Rookie can understand a Market
12 March 2020 | 7 replies
Meet someone for coffee and ask away.
Anand S.
SBA Emergency Loan for Coronavirus-Impacted Businesses
15 March 2020 | 12 replies
Seems STR businesses would be an ideal fit for this sort of assistance.My entire rest of March and April appear to be impacted.
Brandon Allenczy
Inherited Tenants on Seller Financing Deal
14 March 2020 | 5 replies
This would be an owner financed deal with a balloon payment probably 10 years later.It's been difficult getting a showing scheduled because the tenants don't want the property sold and they've been making it difficult.
Johnny Wolff
Best Way For A RE Investments Company To Get Started
13 March 2020 | 6 replies
Me and @parker hills are finance/engineer guys by trade so marketing and sales are something we're finding to be an interesting challenge.A few nationwide concepts we're considering-targeted facebook ads in tier one cities-Good adwords spend (same areas)-FaceBook group marketing
Brett Sommerfeld
Second mortgage for commercial loan
30 August 2022 | 5 replies
@Jaysen Medhurst @John B. a commercial loan would be an alternative plan in case I would not meet the income requirements.
Sanise Hass
Refinance a conventional loan into commercial?
14 March 2020 | 3 replies
If you continue to pay your mortgage on time and there's no issues, it most likely wouldn't be an issue, but it is a risk factor to keep in mind.
Lucy Smi
Help me analyze this property
13 March 2020 | 2 replies
I would use 5-10%)Tenant Covered Utilities (get from owners, or use average for the area)Insurance (200-300 per unit)Other Misc (Pest Control, Lawn/Landscaping, Legal, Acct - I would use maybe 300-500 per unit, maybe more depending on property needs)Total ExpensesNOI (Total Income - Total Expenses)Cash Flow (NOI-yearly mortgage pmts)For the loan, since it is 4 units and under you should be able to get a 30 year fixed mortgage, probably 75% LTV or 25% down, figure in another 5-7% of purchase price for closing, and depending on your credit my guess would be an interest rate of 4-5%.If you dont have the expense #'s from the owner you can do a quick analysis by using just 50% of the income as expenses to get you a quick number.
Patrick Mandelik
Real estate license, a leg up or waste of time
13 March 2020 | 5 replies
If you actually want to be employed in real estate sales, great, if you just want to be an investor, then it's not a huge leg up.
Cameron Davis
Marketing by telephone
14 March 2020 | 7 replies
If someone is calling to buy your properties, they are an investor (or a wholesaler) who could be an ally in the business if they are well-versed.