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Hi everyone. I am considering purchasing about an acre of land around Hunter NY, about 2.5 hrs from NYC, for around $10k in cash and using some sort of financing to purchase a 4 season container cabin for the Airbnb s...
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I spoke with the owner of one of the few local title companies that do investor deals, and he informed me of new requirements for doing assignments or double closings.
To do an assignment I one must return to the se...
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So I am working with an investor who is looking to owner finance a rental. This is my first time using this approach and have some questions. I want to ensure that I am understanding the deal correctly.Purchase Pric...
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Hi folks!In my jurisdiction, and I'm sure it's common in most others as well, any rehab over $50,000 in cost requires permitting and a contractor's license if your are legal entity. If you are filing as an individual...
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I need some help on something I have virtually no experience...laundry. We are building out a small laundry facility at our apartment complex and expect to complete a revenue share agreement with an equipment vendor....
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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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Hello All
It has been awhile since I have last posted. I have been taking my real estate classes and slated to take the state exam in January. The driver for me taking the courses is to educate myself about the busi...
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Know Thy Cap Rate: The illusive obvious.For some reason cap rates seem to be the most misunderstood term (ratio actually) in all of real estate. I often get asked by new investors what a cap rate is and what does it...
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What am I doing wrong? I've lost 6 REO properties in the last 8 months. I've worked with two separate Realtors, gotten advice from more experienced investors, etc. It just doesn't seem to work out. When placing an ...
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Hello!So I have found a for sale by owner deal that I would like to make a cash offer on. How do I structure the offer so it gives me time for contractors to come in and give me a quote on the rehab costs? How do you ...