Babek Sandhar
Price Target for adding to Properties if a Recession hits
28 February 2020 | 28 replies
I've just taught myself how to make institutional grade proformas for multi units on excel, but now it's really trying to understand all the metrics and how to apply them properly.
Darren Crawford
LET'S ANALYZE THIS 33 Unit Apartment Deal together !!! MEMPHIS TN
20 February 2020 | 20 replies
Step.1 I located a market I wanted to invest in which happened to be Memphis ,TN due to a number of reasons then I narrowed down to about 4 zip codes I wanted to invest in.Step.2 I made a list using Propstream (No I am not an affiliate just like the service ) Search Criteria-Targeted 5+ unit Property owners -Property Owners that owned for 10+ years or longer -That had at least 50% equity Step .3 Once I compiled my list I came up with around 169 property owners that met my basic criteriaUsing Batch Skip Tracking I tracked down around 60% of the numbers to these potential sellers and started to cold call each one (NO RINGLESS VOICEMAILS ) by the third phone call I met a gentleman named Matt who stated he is a builder owned a number of properties all over memphis and two other markets and was interested in selling a 33 Unit apartment complex in Memphis TN.Step 4 (Build Report ) After Speaking with Matt I discovered he is willing to sell a 33 unit complex in the Berclair 38108 area of Memphis using a 1031 Tax Deferred exchange account now the seller isn't the most motivated seller he is literally holding on to the property for a tax write off but would be willing to sell to use the capital to buy another larger property.
Erold Merko
Placing multi-family buildings under LLC metro Detroit
18 February 2020 | 2 replies
I was wondering if local investors in the metro Detroit area could share any names of local financial institutions that are easier to work with when it comes to changing ownership of a SFH or multi-family home building from Joint Ownership (husband and wife) to LLC (same husband and wife own the LLC).
Kenneth Coleman
Renting in bad neighborhoods
29 April 2020 | 35 replies
You need safety to mitigate risk and some local institution to attract quality tenants and have a house worth selling one day.
Samuel Bell
How do I structure terms with a private money lender?
22 February 2020 | 10 replies
In that case, you would use private money as a short term bridge to permanent institutional financing.
Naji H. Kelley
VA Home Loan Financing
5 March 2020 | 5 replies
Most medium to large institutions are familiar with this process.
Byron Beckford
how do I get a cash refi with low rental income and high debt
19 February 2020 | 7 replies
@Byron Beckford like most comments say, your best bet is a commercial or institutional private lender.
Jack B.
Applicant wants to grow grow medical cannabis, has medical card
29 February 2020 | 63 replies
I've seen plenty of home remodel shows (holmes on homes has an episode) where the owner came by to discover an illegal grow operation and the humidity/mold/electrical completely destroyed their unit.
Steven McCord
Data-Driven Investment in Single-Family Homes
19 February 2020 | 2 replies
We aim to bring institutional-grade research data to the single family home investor.