Account Closed
Springfield multi-family
A client of mine has a 3 fam in Springfield, MA that he wants to get rid of. I work in NY and am unfamiliar with flips in MA. Can someone help guide me. I would just want to get the house under contract and then...
Chris M.
Local rent figures
In now it has been asked a lot. What is a good site for researching the local rent payments say by zip code or other? Read that it may be wise to hunt for properties where you can stay above the local mean.
Christopher Noto
How do Townhomes Compare to SFRs and Condos as Rentals?
As most of you probably know Condos are far from ideal as rental units because HOAs typically have far too much control and are way too expensive.The opposite of a condo is the HOA free SFR, where you're much more fre...
Hendrix P.
Is the short sale completely up to the bank?
I am a looking at a property which is a short sale. And, admittedly I'm a bit confused. The property is listed at $25k and I was advised the bank approved that amount. I was also advised that in that $25K there is a $...
Therese V.
How to classify a neighborhood?
I am having trouble with the distinctions between Class A, B, C and D properties. I grew up in an area that I feel safe and comfortable in and my mom still lives there. But, I've been there with recent friends and som...
Alan Asriants
Higher qualified borrows are being penelized by FHFA
According to FHFA - Borrowers with higher credit scores and larger down payments are going to be penelized with higher rates to subsidize higher risk borrowers. So everything you have been doing to save up, work for g...
Rijm D.
30 vs 15Y Mortgage & How did they invest before these low rates?
So 30 years is better than 15 since you can pay off the 30 faster if you want too anyways and have a lower payment. Rack up all the good debt weapons now since the rates are at such a historical low, have a lower paym...
David Van
Do I still buy multi units if a potential crash is near?
I'm currently looking into 2 different multi units that have a 12-14% cash on cash return and I am very serious about purchasing them. I have heard a lot of talks about a future crash on the horizon. Do I still purcha...
James Runkle
In escrow now. Should I close, or not? 2 duplexes
I have 2 duplexes in escrow before the coronavirus hit.
Cleveland, Oh //1031 exchange.
Would really like to move forward, but not if it is going to crash in value, or rents go down too much?
Jon Gorham
University towns and college tenants
Is it safe to invest in a college/university town and potentially rent to college students? I’m looking at a property that would cash flow around 9%, but the property manager told me that the vacancy rate is 10% for t...