I've identified a promising opportunity: a 40-unit multifamily asset with significant value-add potential. The seller is seeking $3.5M with an assumable loan. Key details:
- Existing debt: $2,038,000 at 3.8% with 7 y...
I'm looking for a property manager in the Albany NY (Capital District) area. I have 2 rental properties that need management.
The BLS released the August jobs report on Friday morning. You can read the full details here (https://www.bls.gov/news.release/pdf/empsit.pdf), but let me summarize what it says and why you should care about this spe...
Has anyone had any experience doing a short sale on a GinnyMae loan? Specifically I'm working with Chase on this one and would like to know if there is a certain percentage of the BPO that they will accept i.e. 88% o...
I bought a house a way below market price with cash one month ago. I like to do cash out refinancing at market price one month after purchase. Is it possible?i know it is possible, but I like to refinance at market pr...
Someone argued that ARV is determined, in part by, closing costs and agent commissions. What do you think and why?
I listed a flip at 250k, and accepted an offer at 250k with 5k to buyer at closing with additional repairs that were requested post inspection. The appraisal came in at 243k and includes required repairs. I have not s...
BP-I turned my property over to property management in May of this year. Took 2+ months to find tenant. Selected tenant is now botching payments in month #2 of lease. In essence, PM has managed for 5 months- I have no...
Hi guys,So I have a quick question. Something that is happening to a friend of mine lol.He bought a house last year as primary home and right now he is refinancing as an investment property. His house just got apprais...
On Friday I went down to our courthouse and started to look up probate leads. As I was standing at the booth talking to the clerk, a lawyer got in line behind me. He overheard my conversation with the clerk and aske...