Christopher Freeman
Would you "overpay" to obtain seller financing?
Howdy All,I've recently been focusing on seller financing models and the determination of a maximum allowable offer. My commercial lender will provide up to 75% LTV and will allow the seller to carry back the differen...
Eric C.
Losing your deposit money on AS IS purchase
I know this topic is well-discussed, however I'm having some trouble understanding the whole deposit thing.
I found a good deal where the seller wants me to pay 5k deposit and 35k after attorney review with no inspect...
Mark Maire
Wholesale Process
Am I missing any steps?
1. Find a motivated seller, with deal potential.
2. Determine ARV and REHAB COSTS at meeting.
e.g. ARV: $150,000 REHAB: $25,000
3. Negotiate a deal.
$150,000 x .7= 105,000 - $25000...
Jennie Kesselman
Ever heard of 'Full Service Industrial Storage?"
Im working with a client who has a very large industrial building and wants to rent out a portion. However, he also has overhead cranes, mobile cranes, and equipment for welding, and moving of heavy equipment.Essentia...
Marty Davis
Newbie needs advice, I saw something I dont understand
I was at a sherrifs sale in november and saw a property with a sale price of 360k in 2005 (8 plex) which the bank was forclosing on. The upset price was 166k and no one bid. The bank got it for a dollar. This past Mon...
Brian Barfoot
How do you structure your late fees?
I'll start by saying: I know I'm too soft on the tenants. We have a late fee in our lease of $25 for rents that run 1100-1200 per month but it's a one-time fee no matter how late they are. I also have a bad habit of f...
Jerrad Shepherd
Looking for a good stopping point for acquisitions.
The wife and I have been buying properties in a few smaller towns in central Nebraska for the last 5 years. We are currently working on closing our 30th unit. We have 5 duplexes and will have 20 sfh. Our average re...
Peter J Donaldson
Yet another 2 out of 5 year Primary/Rental Ratio question (sorry)
Ok, I have read all the IRS publications and seen many forum answers on this basic subject and I THINK I now have an answer from IRS publication 523 but would like confirmation if possible as I think I have a quite ra...
Rick Albert
Selling Investment Properties to go Out of State
Hello Everyone!I have clients who are thinking of stopping investing in Los Angeles and begin looking out of state. This is primarily because CA/LA has not be kind to landlords during the pandemic. I was just curiou...
Mahmuda L.
Tenant eligibility regarding past eviction
My manager is asking if I (landlord) will allow prospective tenants with no eviction in past 4 years. I was thinking no evictions at all. But what's the acceptable and more common practice here? From a simple online s...