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Results (10,000+)
Joel Owens Want your input on creating the best multifamily website ever
6 December 2011 | 3 replies
I guess I could have an owner finance Yes,No,Possible boxes and select one.I can see more with duplex's,tri's,and quads doing more owner finance etc.In the bigger complexes you have professional buyers that can bring a bunch of cash to the table and give guarantees etc.I guess the short answer is I have to vet the buyer before bringing a scenario like that in front of a seller.If I don't the seller will look at you like you wasted their time and you have just lost all credibility.I do agree that numbers put out there are rosy sometimes but that is the sellers doing.They often massage the numbers some without the broker knowing hoping to get a newbie or less experienced who will pay top dollar and cash them out.You know sometimes that does happen so the seller wants to take the chance.They can always go down in price later on.
John Nail Tote the note - renters want to buy the house
15 December 2011 | 12 replies
So in other words, if the house would rent for $1000 per month, then the buyer's monthly payment is $1000 per month PITI.Negotiate from your side of the table, not theirs.
Brendan D. Hard Money Lender upfront fees
29 October 2018 | 15 replies
Unfortunately, some lenders are in the business to take app fees, so be careful of that.Typically, points and closing costs are paid at the settlement table and I'm not a fan of back-end points or prepayment penalties.
Venkat Raghavan Commercial - 16 Unit -Pricing help
8 December 2011 | 4 replies
Forgot to mention after the tenants have been there awhile and become attached to the place from you being a good landlord you can raise the rents closer to market but not at the top.It will cost them so much to move and first and last month down along with security deposit.So they will weigh this versus paying another 50 or 60 bucks a month in a years time.Most tenants will opt to stay as they do not have THOUSANDS of extra cash today to move to save 50 a month.They do however usually have the ability to cover an extra 50 a month rather than move.It just depends on who your tenant base will be.If the tenants are lower income expect more moving and higher amounts of trash each week from hand me downs.They constantly get hand me downs and they only last for a short time so you get a bunch of old TV's,couches,beds,tables,etc. that need to be thrown in the trash.They are not supposed to but they will be dumped at your big trash bin or if you have small ones will be left on the road.You have to make sure you can get bulk pick up for your area.Could go on forever.For your first one you might want to buy one semi-performing before taking this on.The downside there is it will take awhile before you can get bad tenants out before performing the rehab but the upside is usually rehab costs are less than a totally vacant building.Good Luck
Tivon J. Marketing deals for other wholesaler
24 December 2011 | 9 replies
They said they would send us some properties to market for them and we can add on our fee for bringing our buyers to the table.
Silver A. Value of using an real estate agent in the deal?
26 February 2012 | 36 replies
This thread is here, hopefully, to find ideas how an agent could bring more value to the table.
Dale Osborn The 737,000 mistake
28 December 2011 | 11 replies
Would you believe McDonalds if they came out with a study saying hamburgers, milkshakes and French fries were healthy?
Brandi N. Buying Homes for Cash to Owner Finance Instead of Rental
30 December 2011 | 16 replies
You may get by, let's say with a smaller rehab tab of 4K (as you could express to the "buyer prospect" that you just did 4k worth of rehab) and leave the other 4K "on the table", as a bargaining chip.Let's assume the house has an "after repaired appraisal value" of $75,000.Hold out for a buyer with at least 20% down or at least $15,000 (try to get a little more, like "if the buyer gives you $2000 more down, you will match the 2K and do the extra 4k in rehab work!
Geoffrey Murphy I am 20 yearsd old, i've done my first deal but how do I set the business up?
23 June 2012 | 11 replies
I think I have a lot of services that I could bring to the table
Craig Shrimpton Wholesaling and the seller's bank
7 January 2012 | 4 replies
Wholesaling, the bank does not need to know anything, they will get a payoff at the closing table.