Ayodeji Kuponiyi
$3200 Needed to Close on Personal Residence
I need $3200 to close on home that my wife and I like. The home is a personal residence not for investing. To close we need $8550 and we have $5500. We're using FHA loan with 3.5% down. Any ideas of finding the money?...
Tarquinn Curry
Reserves
I'm looking to purchase a multifamily Unit in the Southern California area. How much money should I have in reserves when purchasing a multiunit? What is a general good rule of thumb to go by?
Tony Hardy
Just closed an Apartment Building in Elgin and Beverly
I recently brokered a sale at 1566 Mark Avenue, an 8 unit apartment building in Elgin, IL. The sale price was $430,000 ($53,750 Per unit, 7.66 Cap Rate and a Gross Rent Multiplier of 13.04). The property sold for 93%...
Wayne Brooks
I think I know why Ohio is cracking down on wholesalers, and perhaps other states will follow.
I got a copy of an Ohio wholesaler's purchase contract the other day. In addition to all the other one sided terms, these three stuck out.60 day due diligence/inspection periodClosing to be120 days after end of DD pe...
Daniel Osifo
Possible routes to becoming an RE Investor
Hello All,I am from Atlanta, GA but I moved to Queens, NY for college. I am a recent graduate from college and I started to learn about Real Estate as I graduated. I can see myself doing this for a long time in the ca...
Gabriel Krut
Financing Options for a 20 year old
Per the title, I am a 20 year old college student interested in picking up my first rental property by the end of the year. I have found what I think to be a deal and am interested (even if just as an exercise) in ...
Glen Campbell
Buying commercial property with redevelopment potential
What is the best strategy for buying on (main) streets with redevelopment potential? My observation is that in our market, very prime development sites will sell for $40 million per acre, once assembled (priced off ...
Logan Splinter
Newbie looking to pull the trigger
Does anyone have a referral to a General Contractor near Janesville, WI? I'm a Newbie looking to pull the trigger! I found a potential deal on the MLS that's only been up for 4 hours. The problem is i need to develop ...
Bryan Hancock
What Is The Distinction Between "Management" and "Voting Rights?"
So we had another thread about securities definitions earlier today and there was some good discussion there. The point was made that management was the key concern for something to keep from being deemed a security ...
Richard Warren
Senate Reaches Stimulus Deal
The Caped Crusaders of the Beltway got their deal done. The stimulus was "cut" down to "merely" $780 Billion. Crank up the printing presses.
I loved this line from the article: "there appear...