22 November 2015 | 1 reply
My lending partner for example, is maxed at lending $2.2M currently, which is adjust by a number of things, including the level of deposits that they have on account.Your strategy is a common suggestion.
23 November 2015 | 9 replies
Got a great loan deal from a local bank with only 20% down.Raised rents across the board about 200/mo per unit.Put another 100k into the common areas and exterior and in the units.Property is easily worth 1.6M.The location is superb in the LIttle Havana Sub market that is super hot and south of 8th street all surrounded by mostly small SFH's.The great deals are out there and they are off market.
1 December 2015 | 10 replies
I'm sure we're all pretty familiar with the most common marketing campaigns used when trying to locate cash buyers.
24 November 2015 | 5 replies
That would bring me to $2500/ month ($30K/year) cash flow if all 5 properties were cash flowing at $500/month.The alternative strategy is to get a multifamily unit but that would mean I'd need to wait 2 years to just save $80K (20% down) to purchase a multifamily of $320K with a cap rate of 10% that provides a gross income of $32K/year.From these two scenarios, it looks like I might as well purchase SFRs since the second scenario of waiting 2 years to buy a multi-family would mean I would not be actively investing for 2 years.
23 November 2015 | 9 replies
We work with many Israeli clients and we have seen that the immediate and common response is that, we do things different here when it comes to contractual work and the way the transaction are secured.
22 November 2015 | 0 replies
The very common post I find is, flippers can't find the right contractors, I am not understanding why that happens.
24 November 2015 | 7 replies
In the scenario you described, you would hammer out the details, then work with your attorney to wordsmith the agreement.
23 November 2015 | 0 replies
MIght try to engineer a common receptionist upstairs, if that is done these days.I have been focusing on repair issues and just early due diligence issues in the last week.
23 November 2015 | 7 replies
I did a quick financial scenario on this home and just looking at straight gross figures assuming 30yr, 20% down 5% interest your at about $325 in cash flow.
2 December 2015 | 10 replies
I was waiting until I had a good scenario/question to pose to the group before I made a post so here it goes.I've been speaking with a client of mine who wants to sell his SFH in the Spring area.