Chelsey Hamill
What info is needed to make an offer?
I am using the method from the Rich Dad Poor Dad book the ABC's of real estate investing, for figuring out offer prices. The equations are pretty simple: Income= income-vacancy. NOI=income-expenses.Cap rate = NOI / co...
Bob Lett
Commercial rental rate w/440 (3-Phase) resources
We are looking at a commercial property that is very underutilized. It has 2 buildings both wired with 440 3-phase. One has heat and is insulated. Is there a resource or general rule of thumb when trying to figure out...
Greg D.
New Porch Tax Implications (expense,capital,partial disposition)
I just had a new 3 story porch installed on a 4-unit residential building for $18k. This included the cost of demolition / disposal of the old one and construction / materials of the new one.1. Can I expense the cost...
Jim Francis
The Millionaire Real Estate Investor
Anyone read the Millionaire Real Estate Investor by Gary Keller? I know that he started Keller Williams realty and has a book for real estate agents. Is this one worth reading?
Chase Gochnauer
Financing for first 50 unit
Hey all,I'm seriously looking at my first large multi-family, a 50 unit apartment complex. Approx $3m, 7-8% cap rate. Decent location. My question though, is in regards to terms for these size of loans. I have enough ...
Duke Giordano
Cap Rate Evaluation for LP In Real Estate Syndication
Hey Guys,
Thanks in advance for your response. I am in the process of trying to refine/mature my syndication vetting/evaluation as an LP and trying to clarify some of the more tricky terms in the PPM or OM of the de...
Michael H.
FHA loan for flipping
At the end of this year, I would like to purchase a personal residence with a FHA loan. Is it possible to use a FHA loan for wholesale properties? I would live in the property and do renovations (kitchen and cosme...
Bob H.
How to screen tenants without a hard credit inquiry
For the second time in a row, I have had a potential tenant ask me whether my screening process involves a hard credit inquiry rather than a soft one. Last time, I checked with my screening service, which gives me a s...
Connie Presley
What comps do you use when you can't find an ideal match?
Hi All! I have been finding older properties in my area with very many recent sales nearby. However, there are newer communities within short distances from the older homes and I am assuming that I cannot use the sale...
Harry M.
Hello from Dallas, TX
Hi Everyone! Just wanted to introduce myself. I've been reading this forum for about a week now - what a treasure trove of info!
My wife and I are newcomers to the business. We are in the process of buying our first ...