Because while I live in an apartment now, when I was doing my hunt a lot of the stuff didn't make sense.

I loved the idea that I knew stuff that others didn't ;-).

To really get into a bunch of the how to stuff go to the search bar in the upper right corner and search 'how to'.

In his pro forma most of the normal stuff is already included so the other really leaves me wondering where its going.Thanks for explaining the NOI.

In such a case, the deed to the property is a deed of trust, the equitable right and title being held by a Trustee.David, I think you mean a Trust Deed, not a Deed of Trust.Some bad stuff in this thread, there's trouble my friend, right here in BP City.Use a partnership, then you can do pretty much what you agree to.

When I bought the $53k one (for $14k), I made sure my ARV was going to be over $50k because of the financing, but I did get like 3 cash offers on that thing.You get a lot of cash sales in the higher end stuff, and my buyer at $295k was pretty loaded and was gonna do some real work on the house.

Though I am not a fan of banks, I am certainly not a fan of those who do this type of stuff, with the small exception of when I end up getting that home for a huge discount!!!

Seriously, ask questions anytime or share options/thoughts on stuff you know well!

Otherwise they have 24 hours to come get their stuff.

Oh - and I love multifamily stuff, it's great!