Abdurrashid Abdussalam
HELP!!! - I found 2 off-market apartment complex deals
19 June 2024 | 6 replies
The seller would have to carry a very large second mortgage and this point will stop many deals in its tracks... but it's not impossible and it would definitely work if you can get the seller to agree to carry a large second.The other high LTV scenario would also involve a hard money lender and instead of cash we can cross collateralize with other real estate you own assuming there is sufficient equity in said holdings.The challenge in this scenario would be the cost of the hard money... it may be workable on the 140 units, assuming you are getting a good enough deal on place.
Varun Sharma
Finding good deals out of state with good CoC
20 June 2024 | 7 replies
a) Depends on above, but Detroit fits all the criteriab) Work with agents at a PMC that know investment real estate (we can handle)c) Work with a PMC that does renovations (we do)To succeed at the above, you probably want to work with a PMC that is fully transparent and supplies videos for property walk-thrus and renovation progress.
Jerrod Rosen
Planned for ADU, ended up with LTR with a good amount of appreciation
19 June 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Nicole Foglia
Refinance an owner financed mortgage
19 June 2024 | 4 replies
IS THAT YOUR REAL NAME, NICOLE FOGLIA?
Tom Dieringer
Using HELOC for next investment - what am I missing?
19 June 2024 | 7 replies
We have had an extended period of above average returns for real estate.
Mark Taleon
NEW to REI. Please share any thoughts, advice, experiences, etc. Knowledge is Power.
19 June 2024 | 8 replies
Understand that real estate is typically not a get rich quick scheme… $300-500/month per door is probably considered pretty good for profit on a financed property… so if you wanted to net $5,000/month and do it at $500/door you are going to need 10 doors.
Gavin Doyle
Stuck in a Rut
19 June 2024 | 4 replies
I'm sure you will gain some interest from potential investors then maybe they can supply you with the down payments and you can pay them back over time and you could buy more per year.From what I know, business is a slow game and from what I hear, successful Real Estate Investing can be boring.
Gordon Harris
Pass-Through Legal Entity Tax Considerations
19 June 2024 | 1 reply
The purpose of my entity is to club together several investors and make a singular, passive investment in a commercial real estate fund (the fund is organized as a Limited Partnership).
Michael J.
Is mobile home wholesaling the new frontier for beginner investors?
18 June 2024 | 2 replies
With quicker transactions and less market saturation than traditional real estate, this niche offers unique growth opportunities.
Jordan Scott
**Newbie-first rental investment**
20 June 2024 | 6 replies
But, parroting what others have said, your real job on a BRRRR is to get the highest appraisal possible so you can pull all your money back out.