16 December 2013 | 13 replies
If you have a strong relationship with a bank (track record of successful investments) they get more flexible on stuff like this.All my commercial stuff is single tenant buildings, with similar leases (non national tenants) and I get financing at around 65% LTV (I don't own very many commercial buildings).You could also make the purchase contingent on the existing owner getting the tenant to sign a longer lease.
12 December 2013 | 8 replies
Specifically to define entity structure for these activities (buy/hold; fix/flip; wholesale); advise on creative finance strategies for buying ten SFR properties in succession; best use of existing capital and investments partnered with either private or hard money lenders; develop a strategy for future growth; build my chart of accounts (I will handle the bookkeeping side); prepare tax returns; recommend other team members, including legal, brokers/lenders, etc.
13 December 2013 | 9 replies
Doesn't mean they don't exist or that people won't want to rent there.
11 December 2013 | 1 reply
Is there any way to find out exactly what the City will know was undertaken, as opposed to what was existing?
18 December 2013 | 73 replies
I do find it interesting, the psychology of the conflict that seems to really exist between investors and appraisers.
5 February 2014 | 30 replies
Banks loan corporations money every single day without personal guarantees.However, the situation described above just does not exist in the real world and even if it did there are real problems with it.You are saying you would get a business loan to buy a property then get a HELOC on the property to pay back the business loan.
12 December 2013 | 5 replies
Hmmmm.... wait.... maybe, just maybe, there does exist such a thing.
12 December 2013 | 1 reply
Welcome aboard @Shawn Young Low Equity Deals or a little bit underwater houses, if you are acquiring to keep, shoud be Sub2 (Subject to existing financing), now you have the deed.
13 December 2013 | 10 replies
If a purchaser discovers a property condition that did not exist at the time of sale they must immediately notify HUD's property manager of the damage.
17 December 2013 | 17 replies
And then you have area # 6 which is mainly East Nash with 37206, 37216 and certain parts of 37207.As far as buying actual apartment buildings, depending on how big & how many units you are referring to, you'd be hard pressed to find a good, full complex for sale, rather maybe look into multiple units for sale in an already existing complex.After being in the Hotel business for awhile, I know that there are a lot more day-to-day maintenance and liability issues, management costs and other misc factors in running a big complex that could add alot more expense to your overall budget, slowly eating away at your bottom line… You may have to think about and budget for the following: pool, dumpsters, common grounds, insurance, exterior lighting, signage, landscaping, security, employees, etc...