Alex Costas
Triplex
Purchase Price: $150k (pre-appraisal, haggled down from $160k)Cash to close: $13k (including $3800 hazard insurance premium, which seems quite high)Monthly Payment: $730 P&I + $320 Hazard + $230 Property Tax + $10...
Karl Kauper
LLC with Operating Agreement with Co-investors for Maryland
Hi All,My wife and I plan to purchase some properties in Maryland with another couple. We live in NYC, and the other couple (friends of ours) currently live in NJ but will be moving to Virginia in the near future (I ...
Blake Andrews
Wholesaling a mobile home in a park
Hello!So I have a seller who owns a Mobile home in a park. We’re planning on meeting next week to sign the assignable purchase agreement. This is my first time doing a deal involving a park. I know the state views the...
Brandon Mon
Good Cap Rate on Low End Properties
What is a acceptable Cap Rate on low end rentals. I have seen between 8-10% but these seem low to me.
Thanks for the advice
Gulliver R.
Valuation of park with many POHs
How would you all valuate this park?
$600k purch price
36 lots @ $215-225/mo
5 occupied tenant owned homes
23 occupied POHs (which are on RTO contracts)
6 vacant POHs
1 manger lives in a home (maybe POH)
1 homes is ...
Yusuke Koike
SBA loan (504)
Hi,My name is Leo in Illinois. I'm a newbie of real estate business. Does someone recommend a 504 loan to an entry level of investor to purchase a real estate? I formed a LLC last year and it does not produce any pro...
Lokesh W.
Coin Operated Laundry for Duplex??
Hello,
I will be closing on a duplex purchase next month. Everything looks good so far. I am making a list of things to do after closing.
There are 2 washers and 1 dryer that will come with the purchase. I wanted ...
Rory Locke
Commercial industrial space but for personal Non-business use
I have recently found a garage that was a business many years ago but has not been operated in 10+ years. I am interested in purchasing it for my own personal use. Is it possible to acquire financing for such a proper...
Mark S.
16-Plex Syndication Deal
I've been approached with the following deal. I know I'll need to get more details/clarification on some things, but it's a start. Interested to hear feedback from the community:16 units (Two 8-Plexes)Purchase Price...
Deidra Swenson
Value Add Self Storage Facility
Investment Info:
Other commercial investment investment in New Richmond.
Purchase price: $425,000
Value add self storage facility with 65 units. This was our first time getting into a self storage deal, ...