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I just had an apartment transaction fall through yesterday due to changes in lenders requirements for buyer. The lender reduce the loan amount by $1 million and required a reserve account set up for 12 months P ITI, $...
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As an agent, I get a lot of OOS people looking at buying in my market -- St. Louis, MO. I can't speak from experience when it comes to OOS investing, which seems challenging enough as it is, but a lot of them are doin...
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We have rented this place a little over 4 years, the owner wants to sell it, but is willing to let us, as good tenants, pick it up for what is owed on the mortgage. 3/2 with a pool, garage, shed. Several fruit trees, ...
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We have on an offer for 20k over ask on our Phoenix listing (on the market one day) and the buyer is worried about the appraisal.
We are selling through a 1031. Can I offer to carry back part of the sale price if ...
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This is my first analysis. I don't know what major repairs have been made yet. I haven't talked to seller yet. Do you see anything that I should increase or decrease? Any advice would be really appreciated. Thanks in ...
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Hey All,On a handful of occasions, I've heard some investors talking about a technique they've used to find cash buyers via direct mail. They do it by pulling a list of all the properties in specified area that have s...
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I am looking to purchase a few small residential rentals in cleveland in the next few months, ideally 2-3 4 plex properties for around 200k each.I am wondering who is recommended as a property manager who can cater to...
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I've been shopping around for a property management company (PM) and I'm astonished by what I've seen. Some of the contract terms I've reviewed are down right bewildering. What's even more surprising is it appears to ...
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What cap rate do you look for when analysing a property? Do you stick by the same percent for each investment? Is there a "best" cap rate?
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I reached out to our finance guy and asked about 2nd home requirements. He said, "You can rent the home out but it must be less than 50% of the year." My question is, how does a lender know if I were to rent it for m...