James Valice
Financing First Deal
I am 19 years old, and after talking to some bankers, I was told that being so young and inexperienced a double-digit interest rate would be the reality I'd have to accept. That being said, I wanted to ask the communi...
Darrin Yon
Any investors in the FT. Bragg/Fayetteville N.C. area?
Are any of you Multifamily investors in the Fayetteville/FT. Bragg area? I'm referring to those who have properties with 50+ units. If so, I'd love to talk with you. I'm in the Spring Lake area and I've made a few bro...
Justin True
Establishing New Credit
Hey first time poster here. Was hoping for some advice or tips from anyone who understands the credit industry or went through something similar.
PROBLEM: So this weekend my wife and I went to meet a couple lenders t...
David Doyle
Why would an established Wholesaler consider a Co Wholesaling partner?
There is a big buzz lately about the benefits and merits of "Co Wholesaling these days.Honestly,,,it sounds great and as a practical matter it seems like a great way for a Newbie or novice investor to get started.For ...
Jeff Davis
Budgeting for MF cosmetic rehab
We are in the early stages of developing a budget to purchase a 2/3-unit MF in Chicago (Andersonville/Edgewater). Does anyone have any insights on how much we should budget for cosmetic rehab (i.e kitchen/bathroom upg...
Karen Margrave
Medical Space ... On hold!
Many of you know I've written on Medical Office Space. After our lender had a stroke, we've been trying to figure out a way to fund a medical office project in Fullerton. I wrote a blog post some time back titled, ...
Dan Mann
Funding repairs, supplies and CapEx expenses
I'm running numbers through a spreadsheet to try to establish cash flow.Is there a preferred method of establishing a cost for supplies, CapEx and repair expenses? Do you use a fixed amount or percentage of rental in...
Andria Kobylinski
Boutique Hotel Investing - Financing
Like many in the STR community we has switched our target from STRs to Boutique Hotel investing. We have honed in on a great property with tons on potential here in Richmond, VA. As expected the banks I've talked to t...
Jehan Jaleel
Two quick newbie questions on the income 3x more than rent rule
Part of the tenant screening process is their income must be more than three times the rent. But is this their pre tax income or post tax? Also if a tenant does not have this, would you reject them right away or is th...
Adrian Johnson
Buy and Hold approach
Investment Info:
Single-family residence buy & hold investment in Bagdad.
Purchase price: $5,000
Cash invested: $29,000
City Owned Tax Lien Foreclosure
Purchased Renovated and received city Code ...