D Kirk
How to have low inspection cost when inspecting Multifamily?
20 September 2024 | 23 replies
You are being penny wise and pound foolish.
Denis Churchill
Amount to put down on Subject To take over on existing loan
20 September 2024 | 6 replies
Short answer is as little as possible.The long answer is it depends on the deal.Typically you end up in a subject 2 situation when the current owner has little or no equity in the property, the current advantage of subject 2 properties is that most mortgages are below current market rates.Keep in mind when acquiring a property subject 2, in most instances you are not notifying the current lender of the change in ownership, and most if not all mortgages have a due on sale clause, which is the lender's decision if they want to enforce it or not.I personally like the idea its a great way to get investment properties with low rate loans, that with most likely appreciate in the coming years.
Chris G.
How to add an addendum on current owners management agreement?
26 September 2024 | 3 replies
However, you should ensure that the contract language allows for such changes without requiring a full contract re-signing.Consulting with an attorney familiar with Florida real estate and property management law is advisable to ensure compliance and avoid any potential legal issues when making these adjustments.Let me know if you need help with any other aspects of this process!
Steven DeMarco
Almost 2 years in and haven't made any money (via cashflow)
20 September 2024 | 114 replies
The numbers are skewed by added expenses that had nothing to do with the actual deal.
Darshan Bugeaud
Little Pink Houses of America
24 September 2024 | 1 reply
I am curious in what capacity you are looking to invest with them?
James Dager
Hey! From Asheville, NC!
21 September 2024 | 6 replies
I am a full time real estate agent that specializes in luxury and residential - you never know how our two worlds could collide.
Eric Formiller
New Real Estate Investor
20 September 2024 | 22 replies
I'd suggest investing in a market that has steady job growth.
Leo Cuomo
what to look for in a property manager
20 September 2024 | 8 replies
Its tough to know if they have these three when you are starting out.
Khaled Seirafi
Reasonable Agent Commission
20 September 2024 | 7 replies
Pick the best one that you like.
Tyler Kesling
Finding Market Value
20 September 2024 | 4 replies
If the cap rate is 15% and the asset is trash no one will buy it for that price.