Ross A.
QuickenLoans and broker's relationship
This is really strange to me and I need to ask the forum what they think.I called QuickenLoans on a new property that I'd like to purchase in the state of FL. The QL agent tells me that I cannot obtain a loan directly...
Nikko Giangiuli
LOOKING AT A 12 UNIT PROPERTY IN YOUNGSTOWN, OH NEED OFFER PRICE
Looking at a 12 unit apartment complex in Boardman, OH. Financials below: 2018 - Rent Income --> $119,000 Expenses --> $36,200 NOI --> $82,8002017 - Rent Income --> $103,000 Expenses --> $63,700 (31k...
Matthew R Boudia
First time using the BP Calcs - Good Deal?
Hi BP! I am new to the calculators and reading the info to determine if its a good deal or not. My partner and I are looking at investing in multifamily units in his hometown, which is two states away from where we cu...
Heidi M.
How to find an investor friendly real estate agent
I just recently made my 3rd purchase using the same agent I've used for years. I buy off the MLS. I have noticed my agent steers me away from foreclosures, auctions and always advises that I offer over asking (I nev...
Greg Scott
Are we entering a global financial crisis?
This past week was a crazy time for the UK. The government did a complete 180 on several fronts. The reason later came out. The recent hike in interest rates was causing their pension system to unravel due to some ...
Michael Glaspie
Old Mansion Turned into STR!
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $350,000
Cash invested: $150,000
The oldest home in the city turned into an 8-unit short-term rental! We ende...
Account Closed
Those little moments that counts.
Someone who was very new to the business reached out to me today. They were nervous about a deal they were working on and wanted some advice. I had a few minutes and whenever I can I try to help people. Hoping to buil...
Account Closed
Those little moments that count.
Someone who was very new to the business reached out to me today. They were nervous about a deal they were working on and wanted some advice. I had a few minutes and whenever I can I try to help people. Hoping to buil...
Matt Michaelis
Can I have my own Payment Contracts?
Some contractors have pretty detailed scopes and contracts, including payment schedules. Is it unheard of for me to add an additional contract that only outlines the payment structure? This way I can include penalti...
Paul V.
Chicago Condo BRR - Anchor investment sold to developer as part of a deconversion
Investment Info:
Condo buy & hold investment.
Purchase price: $155,000
Sale price: $244,000
1 Bedroom condo in the heart of Chicago's Lincoln Park. Beautiful vintage brick building with 90 walks...