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So I have this deal - 7 properties as part of a portfolio deal. 12%+ cap 30% down and used some networking to find a lender for a commercial portfolio / blanket loan. Submitted all the docs, got the preapproval f...
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Previous property posts:Houston Tx 5 PropertiesHouston 14 Unit Multi-Family CloseHere is a little story on how we got 255k or 32% off the original price on a multifamily property. In Feb last year my business partner ...
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Hey folks,Want to get you opinion. I bought an 8 unit building last year. Besides having to renovate and get all new tenants, I did a bunch of work with a new heating system (all new individual units) so the tenants...
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I have networked with several people who are interested and willing to loan private funds. I will be meeting with them this week, to go over what it is we are doing with the capital and details of mutual goals and int...
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Need advice. I received an offer on my primary residence. The buyer is asking that I carry 10% ($69k) for 5 years at 5%. The offer is a "lowball" offer and we both know that a more realistic sales price is $750k. (He ...
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First go at offering a seller financing deal, and I'm a little unsure if I'm wording the offer correctly. Here are the numbers:4plex for $156k- I'm offering to pay ALL of the buyer's/seller's closing costs, and pay b...
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Hi all,
I am currently looking at a commercial property in NH. Three buildings which include 22 apartments, 9 retail storefronts and a vacant theatre.
Annual Gross income is $252,000
Annual Operating Expenses are $...
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Hey guys,
I'm trying to see how else i can find apartment owners who are motivated and WANT to sell. Something I did was I printed 100 postcards with a generic message of 'saw your apartment, do you want to sell'. I'...
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I hold the note. Borrower cant refi cause of credit. What are options to renew, foreclose or deed in lieu of foreclosure, etc?