Kay Ferdous
noi*10 = purchase price ?
Has anyone heard of this rule of thumb formula when purchasing 5+ unit multifamily buildings? Investor I recently spoke to uses this formula to filter properties. What do you guys think.Noi*10= Purchase price?So if my...
Stefanie K.
Chicago - Advice for tearing down and developing a lot
I currently own a pre-fire 3 flat (aka VERY OLD, 100+ years) in a very desirable neighborhood of Chicago and when we purchased it, we purchased it for the land value (tear downs all up and down our block). The house i...
Chris DeSisto
Equitable interest on LOs
Bottom line, does there actually need to be equity to be able to claim equitable interest? If something was deemed a "disguised sale" in the end would a judge still need to see some percentage of what the value of the...
Tyrone Smith
Purchasing an Occupied bank REO property, anyone with experience in this Regard?
It is my responsibility to get occupant out of property, was wondering if anyone had experience in this area. I would think it could be as simple as knocking on the door offering $500 for them to move , to saying I no...
Samuel Ksiazkieicz
80/20 Mortgages...both by same bank? Options?
Hey yall, Ive come upon a few 80/20 loans that were written by the same bank and was wondering if there is any different way of dealing with them. Seems to me they would have to go as a normal short, but I wasnt sure...
Mel Sims
What determines HOA Fees for condos
I’m from a city that has very little to no condos. I was looking at a few condos in Atlanta, and noticed that some I was looking at, their HOA fees were way more than others. What determines the price of an HOA fee fo...
Alexander V.
How do appraisers determine projected cap rate (in reality!)
Hello,
This has been asked many times, but after reading multiple other forum posts and articles, I still don't feel that I've found a straight answer. The most common appraisal method for commercial properties that ...
Tennita Funmaker
How Do You Determine Your Wholesale Profit?
I haven't done any wholesaling yet. I'm just starting to gather information. My question is when you find a deal you want to wholesale how do you determine your own profit? Do you start backwards with what rehabber...
Mary Jay
Please teach me about arv
hi guys, on a big time crunch between 40 hr job/driving my son between his sports activities/orthodontist/doctors and pre school errands... so I apologize if my question has been answered in the past already...I hope ...
Obi Nwapa
Avoiding Flood Zones
Hello All,I'm looking to purchase my first rental property in the Houston area including the surrounding suburbs. Are there resources available that can help me avoid purchasing a property in a flood zone?Many thanks