Michael Steiger
lease option on a commercial building
7 October 2008 | 2 replies
i have limited experience in residential real estate properties but none in commercial.
Ingrid Nagy
Anyone deal with Suntrust Bank?
1 October 2008 | 4 replies
But that is their limit they will not go below 25% of the remaining balance owed!!!
Mike Slusher
Buying 3 or 4 properties at once?
26 September 2008 | 11 replies
The bank I used when I first flipped a couple of house limited me to 2 for the first time to start building a track record.
Donna J
Is it possible WAMU will lower my principal?
22 October 2008 | 31 replies
That would at least limit your downside.
P W
My first deal - Do I need a broker?
26 October 2008 | 19 replies
It was a learning experience for her including enviromental impact studies etc. and in the end the deals fell flat after a year of negotiations.
Payton Dodson
Refinance Immediately?
25 October 2008 | 22 replies
The biggest mistake you can make right now is paying cash for props if you want that cash back within 6 mos.Even after 6 mos you will be limited to the amount of cash you can get AND the LTV will be a lot lower than you are expecting often leaving 30-40% of your cash locked in that house.Always have a note and deed of trust on a prop when you purchase - not one of your companies but maybe a friend or colleague - so that when you are refinancing you are paying off debt.
Joshua Dorkin
Washington Mutual Bites the Dust - Largest Bank Failure Yet
27 September 2008 | 15 replies
Please people, DO NOT keep more than the FDIC limits in your bank accounts.
Brandon Schlichter
About ready to pull the trigger on my company
2 November 2008 | 5 replies
I'm planning on having properties in LLC groups owned by a corporation, my hope is that it will limit liability to each properties.The biggest thing i've learned in the past year and a half has been underfunding investments, our apartment complex has cost us greatly from unexpected repairs, thankfully this secured line of credit will allow us to have more than 10 times the expected ammount(s) to rehab each property per time.
Josh Gaddy
How to Structure a Quadriplex Deal in Great Area of Town...Good Exit Strategies!
30 September 2008 | 7 replies
I found a way, but we would have to sign personal garauntees, which helps with the issues related to having 3 partners in a deal, but doesnt limit our liablity, which is my main objective.
Account Closed
Massive price drops?
2 October 2008 | 27 replies
I have heard in some markets like Florida and the gulf coast, insurance makes it almost impossible to buy in huricane areas, however, in normal areas without conditions like that, market rents will limit price drops.