Nick Slagle
Non passive long-term hold
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $200,000
Pair of duplexes purchased with 1031 proceeds from a previous sale with about 75% financing. Rents were...
Bob S.
Failed Attempts to Sell Land for 3 Years
hello! haven't posted in a long time so please be gentle...my wife and i purchased a piece of land 3 years ago to build on (for ourselves). instead of building, and due to the madness of "covid" times, we ended up buy...
Henry Lazerow
Chicago prices have now dropped 20.6% off their highs
Chicago prices have now fallen 20.6% off their highs! Definitely will be some more opportunities out there this spring/summer. I have seen inventory drastically up since the holidays but have also had many buyers come...
Mohamed Frihi
Can a Bank call the loan?
A question came to my mind.
If I get 30yr fixed mortagage for an investment property (rental), and in this very turbulent economy, say for example the bank is going through tough times, is it possible (in theory at l...
Account Closed
Old Knob & Tube Wiring
Hey All,
Looking to buy our first home however got the disclosures - has old knob and tube wiring, has 110v and needs to be updated 220v, new electrical panel, outlets etc?
Looking for just an estimate....suggests...
Cameron P.
Is this a deal or no deal?
Ok so here are the numbers. The home has an arv of 55-65k. It is a SFR rental property with a long time tenant in there of about 5 years. The seller is willing to supply seller financing for 5 years, 3% interest, purc...
Sherman Arnowitz
Where Have All the Good Loans Gone?
Over the last couple of years, the inventory of non-performing second mortgages has shrunk considerably. What was once an ongoing, steady flow of loans from banks, hedge funds and other investors has now become somew...
Brian Sorensen
Lease option guidance?
I haven't done a lease option before. I'd like some advise on how to proceed.
I sent a FSBO this note:
Would you be interested in leasing your home to a tenant / buyer (that you
approve of) who will make the payme...
Karsen Wynn
Starting Out In Self Storage
Hey fellow investors! My name is Karsen, I am currently a college student and I have been looking around for multifamily (duplex, tri, and quad) and stumbled across a deal for a piece of property in a small town. The ...
Jason Clinton
Portfolio buy
Hey BP! There is a local investor selling off his portfolio and has 7 properties (8 units) for sale in a package deal. All of the properties are currently rented and bringing in $5400/month in rents. I haven't run the...