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Hello Everyone,My name is Kamilah and I have recently started investing in single family homes. I am interested in buying my first multi- family home (a duplex) that is in Georgia, west of Atlanta area. I am looking t...
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Sellers appraisal: $121,000
County records appraisal: $93,000
Comps in the area: ~$100,000
Seller asking: $68,000
(Per seller): $0 for repairs
Current occupants monthly rent: $850
Mortgage for 30 yrs @ 7.5% - $673.0...
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The mortgagor of one of my "sub2" deals asked me if I would be effected if he/she files bankruptcy. Currently home is deeded to a land trust. I own several "sub2" homes and this has never come up. Has anyone experi...
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Just got off the phone with a gentleman who is wanting to sell his last 2 houses from a 55 house portfolio. I'm a newbie investor so I'm not sure what to think about it. They are currently on a rent-to-own lease optio...
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Hello everyone,
I just acquired a Section 8 duplex. I'm looking to use a "white" paint (or any off-white), that is:
-most durable
-easiest to clean
-readily available
-easy to do touch-ups with
I had read that a...
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Can somebody tell me what the white paint runners are on the joists? This home is sold "As is"... I've not seen it in person but had to ask what that paint is!? Thanks!
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Hey Guys!I'm at a bit of a standstill, I'm self-employed and all the lenders I've called require past 2 yr tax return. I tried to have my wife apply for a cash-out but since my primary mortgage is on both of our nam...
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I have been making offers for multi-family, and in some cases I have been receiving fairly quick responses but in other cases the sellers go blank. No responses, no counter offer. Is that normal in the industry? I jus...
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I'm looking at a five unit that cashflows well given a 5% 20-year, 20% down commercial loan.I have no personal experience with commercial loans. I'm aware that most become adjustable after a period of time. Given that...
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Hi there, I've got a printer, I've made my own font, I've typed up the letter, bought the yellow pad paper and have been sending off yellow letters to absentee owners.I have a problem with my yellow pad paper tho. The...