Sheena Lee
Appraising a multi-family
Is it normal to have a high appraisal cost for multi-family properties? We are being quoted $1250. Here is the explanation: “A complexity fee has been added to this order, resulting in a total invoice amount of $1250,...
Sharde N Bennett
New Wholesaler in Sacramento, CA area looking for a local Mentor
Hello! I am new to wholesaling and want to know more. My end game is start purchasing apartment complexes eventually. I currently own a duplex and looking to acquire more properties and build cash flow so i can fire m...
Victor Webster
Purchasing Condos
My background is in commercial real estate. The only residential property I own is my house. I am a bit apprehensive about diving into residential so I want to start off small. Is there a rule of thumb that you use wh...
Jeff Morrison
What to do when an HOA has a high rental to owner-occupied ratio
I am a new investor in the North West suburbs of Chicago, and I currently own 1 rental condo in Schaumburg, which I purchased cash (about 1/2 from my savings and the rest from a 401k loan). After 6 months of owning i...
Ryan O.
Contractor Reference
I am closing on a property an about a week that is in need of an overlay for an existing asphalt driveway. This is unknown territory for me. Does anybody have any good references for this type of work in the west su...
Benjamin Williams
What do you look for when hiring an apartment maintenance tech?
What kind of person would you look for when hiring an on-site maintenance guy for an apartment complex? Would you train someone with no experience? I’ve got an interview for a maintenance worker position at an apartme...
David Butler
USDA Rural Development Low Income Housing Program question
I found a 32 unit apartment complex (16-1/1--$500/month and 16-2/1-$550/month) that is enrolled in the USDA Rural Development Low Income Housing Program until 2035. The complex is listed for $675,000 and this price c...
Cindy McCoy
Please help with code violations
Hello, my son and his girlfriend just moved from Virginia to Ohio. The apartment complex in Ohio did a video tour of the apartment to be leased. The apartment looked good. The day before the move he got a call from th...
Jennifer Hollstein
Accepting rents online
My family has an apartment complex and currently we do not have a website. I want to get a website for our complex to put useful information on there for the tenants.One of the big things I want is for tenants to be a...
Fahadbin Alam
Can I use a FHA Loan or VA loan on a Apartment Complex?
So I know that you can use a FHA loan to buy a property you live in. So Can I use it to buy a 2.5% FHA loan to buy a apartment complex so if the apartment complex is 1,000,000 I can put down 25,0000. Will this work?