Shashy B.
buying with an undermarket tenant in place - advice sought
Hi all,I have an offer out for a 2-unit property that comes w/ a tenant who is paying 1/3 of market rent. The sale is contingent upon keeping the tenant who is related to the owner. She appears to be in her 80s and di...
William Shadbolt
Hard Money Terms for me to lend
I have a friend (and third owner of some of my rentals) who would like me to do a hard money loan to buy an REO for him to rehab and flip. He's looking for 10% interest, six month balloon (interest payable at close o...
Yasmani Delgado
Whats is your take on the 50% rule when analyzing a property?
I see how this rule can be useful, but I think it can't be a deal breaker. One can make the argument that It is too conservative. It may only apply to home run investments. However, it may turn people off to nice i...
Corey Dutton
Why Hard Money Lenders May Need a Mortgage License
Private money, non-bank lenders, also called hard money lenders have always lent money without the need of a mortgage licensing. But the financial reform following the real estate meltdown, namely the Dodd Frank Act, ...
John Thedford
Transactional Funding? The Pitfalls? How Could I Get Hurt
I just had someone ask me about transactional funding. This is not my typical M/O and am curious how I could get hurt offering that service.@Jay Hinrichs and other pros?
Christina R.
talk terms . . . when someone is open to seller financing
I know this topic is discussed at length but maybe a few a willing to say what they would offer up for the following situation:SFH, owned free and clear2 apartments - one up, one down 2 beds, 1 bath, kitchen, living r...
Tracey B.
Operating expenses for 80 door multi-family
I'm doing some due diligence on a multi-family, and the proforma expenses are running at 71%. :wowie: I'm pretty sure the expenses are overstated, and I have my own ideas about where they're too high, but I'd appreci...
Peter Mackercher
A small property management company has questions!
Hi Everyone!
I need your help I own a small property management company in St Louis mo. I'm wanting to grow and I'm having trouble finding new clients. I curious to know if any one had some creative marking ideas. M...
Nathan Stone
Is Homeroom property management any good?
Hi there, Myself and a few partners are considering an investment with Homeroom (livehomeroom.com). For those of you that don't know, they specialize in renting out rooms in a large house individually. This (hopefully...
Carolyn Fuller
Alternatives to Cozy for Rent Collection
I've been using Cozy for rental applications and rent collection for years. Now that Apartments.com own Cozy, I've already stopped using their application functionality and I'm worried about how rent collection will b...