Jeremy Lee
Landlord wants application via Zillow prior to viewing?
Hi all,
There's a home I'm interested in renting that I saw on Zillow and reached out to the landlord. She is saying that she needs for me to apply via Zillow (there's a $29 universal credit/background check that can...
Christopher Freeman
Would you "overpay" to obtain seller financing?
Howdy All,I've recently been focusing on seller financing models and the determination of a maximum allowable offer. My commercial lender will provide up to 75% LTV and will allow the seller to carry back the differen...
Henry Lazerow
Why 2-4's have not fallen with rate increases and why they won't!
Lately, many 2-4 unit clients understandably ask me why prices are still going up with rate increases. I have sold 40 million seen a lot of 2-4's in Chicago and the answer is simple, supply has more impact in this nic...
Jimmy Dumas
The Real Estate Developer Architect
A few months ago I responded to a Request for Proposal issued by the Economic Development Office in Roselle, NJ to potentially buy a few city-owned lots. After an initial proposal and presentation, it appears that ...
Kenny Simpson
BIG NEWS!! 1031 has been extended to October 16, 2023 in California, READ BELOW!!
The recently released update extension not only delays the tax filing deadline to October 16, 2023, it could also extend your 1031 Exchange deadlines until October 16, 2023 as well!
For example: Typically, if you wer...
Francis M.
How to pick a lender?
Besides the rate are there any specific things to think about when choosing a lender or broker for financing a conventional loan?
Kelvin Duen
Partnership Structure with a Friend
My best friend has approached me with a deal, that on paper, is just okay. It's not a homerun deal but it'll cash flow. The deal is in Philadelphia and we are in New York City. Here's the situation:
We are both new t...
Nancy Dito
non performing notes - what does a buyer need
I just received about 5 non performing notes for sale - they are in the higher $ range. The seller wants the buyer to provide a proof of funds before they are even allowed to get info on the note to complete their du...
Brie Schmidt
Can knob and tube electric be inactive?
I did an inspection on a 4 unit yesterday. In the basement is 1 meter and 2 panels with circuit breakers. The wires are newer and my inspector noted some wires were not enough amps. Then we get to the attic and eve...
Bradley Taber
Are current appraisals coming in near sales prive
We had some realtors tell us that appraisals were coming in 100-150k lower than sales price in Raleigh which is an issue for us with financing. Is this actually happening?