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Yesterday, I closed on my first commercial deal. It is a $2.3 million student housing deal in Oxford Ohio. I have been taught how to evaluate commercial deals from Jeff Greenberg (who was on BP #115). I am also learni...
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Unemployment claims are inching down, the economy’s Q2 numbers were revised up a bit, and the sentiment in the articles I see all point to a recovery. Is this election propaganda or are we actually seeing what will...
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The owner wanted to do a seller carry for 200k with a 8.5% interest rate and Sale it for 300k.
After a month of the seller bluffing about all the buyers they had we finally got it done. Here are the details of final ...
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It seems to be everyone I talk to doesn't have the same mentality as me on this one. And I feel so right about it. If the bank told me I could have a 100 year term I would. I don't pay biweekly I don't do short 15 yea...
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Hi I purchased a triplex in a decent area with inherited tenants. I closed a few days ago and I went to the property to hand out a welcome packet. This included a welcome letter stating all the normal stuff, I infor...
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When does everyone think the market will start dropping and for how long? I work in the San Diego Market, and we haven't seen any sales comps yet to support depreciating prices. I believe that since interest rates are...
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I have a good friend closing on his first property today, a 4-plex in a lower income area outside of philly, he will be self-managing. I am trying to put together some first steps, but being only part-time myself, wan...
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Good morning, BP. I have a question on a foreclosure that is scheduled for auction on the courthouse steps in November. We are in a bit of unique position (I think) because the property in question is the house next...
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Hey I'm a new investor and I'm planning to purchase my first multifamily in the next year (20 units or so). I'm not looking to manage it myself, so I'd like to get a property manager on board early. I've found a coupl...
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Hello!So I'm looking into purchasing 10 houses from one owner. These houses are small (7 have 1 bedroom 1 bath/ 2 have 2 bedrooms and 1 bath/ 1 has 3 bed rooms and 1 bath/ all are around 1000 sq ft or smaller.) My hus...