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So I received a phone call from my property manager on Monday morning. He told me that he had just found out that a tenant in a my 4 plex was found unresponsive by her boyfriend. He called 911 however before she got ...
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So it appears that the GSE model is officially being declared dead by the Obama administration and is nearing major reform from what I am reading from a number of sources. Any thoughts on what this means for us going...
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Well it's happened. people are applying to rent our units with their emotional support pitbulls and other animals . Of course we follow all fair housing laws . but what we need to do is weed out people that have legi...
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I recently found a deal in the midwest (area where C class apartments trade between 7.5% and 11% cap rate).16 units doing about 28k in NOI. (Not very good)I own a 8 unit in the area that does about 30k NOI so this pla...
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I know many don't really care about banking situation in our country. A couple sobering thoughts for those paying any attention.
1.http://www.digitaljournal.com/article/283688 FDIC lost money for first time since 1991...
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Hi everyone. I'm hoping you can help me find some good DSCR lenders and give me an idea of the going rates? I was quoted 9.75% for a DSCR on a rental property recently. Is that average? High? Low?! As I am shopping, w...
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BP community--I went under contract on a north side Chicago multifamily property (4-flat) this week (thanks @Brie Schmidt ). Basic inspection (thanks @George Foster ) and mold inspection occurred on Wednesday. There ...
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I’m curious to hear what everyone is doing to navigate this market with high interest ratesInvestors, agents, buyers/sellers and lenders what are you doing to close deals? Are you having to get creative? The Fed is pl...