Glenn R.
New member From NC
Hello,I live near Boone & also spend a lot of time in Cornelius. I'm here to learn about real estate because it seems like a tangible investment that I can understand. Real estate is a very big part of the local...
Francisco Ruiz
Investing in Hartford - Opinions and Property Manager
Considering investing in small multifamily properties in Hartford, CT. Would be a new investor in the market so would like to get some general feedback on particular areas of Hartford that are more desirable vs other...
Victor Rejino
Land for sale (maybe)
Hi, I have an in-law that bought a single home lot in a not so desirable area. He has tried to get rid of it for several years now and only received a real low-ball offer. (50% of appraised value) He now wants to deed...
David Krulac
Gross Rent Multiplier not to exceed 8
Just read an article today saying that you should NEVER buy any income producing real estate that does not have a Gross Rent Multiplier (GRM) of more than 8.iow, A property renting for $1,250 a month, or $15,000 a yea...
Steeve Breton
Should I go with Creative Financing vs. Bank?
Hi All,I may be looking at my first Creative Financing deal. I have an offer accepted in the Boston area for a Mixed Use 4 unit building. I have a couple of commercial lenders willing to work with me. Alternatively,...
Michele Ghastin
Need for tax lawyer to set up new businesses
We are purchasing a commercial building in Lake Lure NC ( convenience/ grocery on top restaurant below) and we need to set up the two corporations and have a CPA/ lawyer on our team. Please let me know if you are one ...
Account Closed
Multifamily rental property, a ratio of expenses to income
Hi,I used to think an average ratio of gross expenses to gross income for multifamily rental property should be at least 50%. It is about OH properties which are 40-50 years old. But what's interesting, financial stat...
Earl Johnson
What type of funding can I get at this point
I built one home free and clear sold it to my mom in a owner finance deal 90 percent complete on my second build and funds are draining quickly my issue is I tried to refinance first build and had problems cause my bu...
George Smith
Look at this Apartment complex in DFW
Maybe someone can help me with this one. I know the seller is asking way too much and I am just playing with the numbers. How much should I offer if I want a 8% return COC:It is 201 Main street, Little Elm, TX, 24 Uni...
Matthew Gil
QuickBooks and Real Estate Accounting
I have a QuickBooks question pertaining to landlording. As a rule, how are you handling or categorizing the following?:
Cash outs from real estate closings in which the buyer has excess funds left over from a purcha...