Devan M.
Fourplex Investing
Hi Everyone,
I have yet to do my first real estate deal, however I really want to purchase a fourplex to get my feet wet. My plan is to get an FHA loan so that I only need to put down 3.5% and live in one of...
Amy Solomon
Business Plan Done! How do I write an investment proposal?
Can someone help me with writing an investment proposal? I want to propose 3 options for investors. At this time, this is all family members that I am approaching.
1. second lien holder on my primary reside...
Bill Pederson
Need help financing addition to our self storage facility
Greetings,
1.5 years ago I was able to purchase 2.5 acres of land free and clear by taking a mortgage out on my home. I built a 254 unit state of art self storage facility which we are at 90% full. My avera...
Devan Mcclish
Offer price in the letter
I saw a wholesaler on the site use a letter like such: "hi my name is XXX. I want to buy your property at 123 Main Street for $XXXXX$"
She put an offer price in the initial offer. And the offer price was 45% of the A...
Patrick K
Need Help/Advice on Owner Financed Purchase
I contacted a local agent who represents someone selling a $200K lot in my city, asking if the owner would be interested in financing the purchase. Problem is, I really have no idea what they would expect, want, or ev...
Jeff Schemmel
What questions I'm asking during due-diligence, and why it's OK to walk away.
Context: I'm an investor-friendly real estate agent in Minneapolis/St. Paul. On this deal, I was representing a moderately experienced buyer whom I have worked with twice previously in a purchase of a relatively new ...
Niko Crowley
Raising rent on existing tenants when buying a new property
Happy NY!I recently purchased my second two-family investment property. The top unit is being rented to long time tenants (TAW) for $1250 which is well below market value for the area. I had a conversation with the ...
Seth McGathey
How do rent discounts affect taxes vs value
In one of the podcast episodes, I remember them saying that if you are trying to avoid raising rents too high on an existing tenant, you are better off renting at the full amount you can and then giving them a discoun...
Strat V.
looking to buy wholesale and do rehab but numbers inflated
My colleague, who is also a real estate agent called me up to assess a property that another investor wants to wholesale to us. Here is the scenario. The investors that want to wholesale the deal to us are asking 79K....
Eric Gesswein
Where do I start when buying out of state property?
Im in California and I was wondering where would I start when looking to purchase out of state properties? I was looking in the AZ or NV areas. When I contact people regarding a mortgate rate,they ask if I have a hom...