Do people use conventional, 30 year loans for fix and flips? I have some cash, and a loan pre-approval from a bank. Not sure what 2014 will hold for me, but I was thinking that perhaps instead of using cash to do ...
Hi All,After 30+ years of owning apartment buildings my dad finally but his properties into LLCs (sole owner/series LLCs)! He also set up a management company, he has always self-managed. The idea is for the individua...
Hello! My husband and I have 20 units that all had tenants when we purchased them. They are in leases with the previous landlord, but most of them have expired which means in my state that they automatically become mo...
Is it typical to have to pre-paid a full year of insurance on a portfolio loan? I was told my closing cost would be 5% but after receiving the itemized list of everything included it’s more like 15%.
I came across a 24 unit property and was able to get in touch and talk to the owner about it. I am trying the get the income and expenses from him and he put me in an email to the owner of the current property managem...
"We are experiencing an unusually high volume of 90-day defaults and are expecting a significant release of properties...."I am an investor agent in St Louis and a Chase referral agent -- they are soliciting REO agent...
I have a tenant that has struggled a bit over the last year, but has received some government assistance, or otherwise caught up on their own. All things considered I consider it a win compared to some of the stories ...
Hello everyone,
I'm evaluating a unique real estate investment with some intriguing yet complex aspects. I'd really appreciate your insights on this.
The property consists of three homes: two legally habitable, an...
Team,
Does anyone know of a good lawyer in Michigan that can help with buying an off market property?
Best regards,
Jarret
I recently placed one of my non-performing notes (2nd position) with Madison Management for servicing. (The note is actually boarded with FCI but I had heard other people say that Madison was better with workouts and...