3 March 2018 | 8 replies
Investing in Multi family will be a pretty similar experience to your other rentals just with a larger focus on return when you're purchasing, I wish you the best of luck.
17 May 2018 | 16 replies
I know out our way once you hand the check to the crier its over..WE have to have cashiers checks on the spot for full purchase price.if you found out the day of the sale their could be a chance to have your bank stop payment on the cashiers check but you would need to be a pretty valuable client for the bank issuing the check to do that for you..
28 February 2018 | 2 replies
@Roderick McCleary If you're cash flowing $730/month (and calculated that correctly) I don't think you need more calculations lol. 25% down on an investment property is pretty normal.
9 March 2018 | 8 replies
This number isnt taking rent increases into account.Looks pretty ok on paper (unless I'm missing something and it doesn't)The breakdown for your first example would have the sponsor (who I'm assuming is me in this scenario) receiving:Acquisition fee: $1,750Asset MGMT Fee: $672 80/20 split when sold in 10 years: around 25KAnd since this is a smaller deal a more basic approach of 70/30: 4895/2098 or 8% back to investor annuallyDoes this seem to check out?
28 February 2018 | 0 replies
To cover myself, I added the following provision to my lease..."... when needed to water the grass, Tenant agrees to allow use of their paid water to maintain lawn health and appearance as needed."
6 July 2018 | 54 replies
I hate to make light of it, but this one has me pretty unnerved.
1 March 2018 | 1 reply
I’d say it’s pretty unlikely.
1 March 2018 | 13 replies
I think this partnering pretty clearly crosses the red line.
1 March 2018 | 7 replies
The solution to this one is pretty simple: find someone that is familiar with 2-4 unit residential lending and knows how to package it for underwriting correctly.
2 March 2018 | 1 reply
This is a pretty strange situation, but I like to hear opinions.So, I had signed a lease from January 7, 2017 - January 31, 2018.