Daniel Yoo
Analyze This...deal???
Here's the skinny-
85 units
71% Occupancy
NOI 148,991 (Actual NOI from his package, however spreadsheets I got showed Actuals of 124,051)
Price $1.6M
...
Account Closed
First Time Short Sale - What do I need to know?
Hey everyone - really need some help and fast!I've been working on a lead for some time now, they owe a considerable amount of money. For some reason I never considered pursuing a short sale until the seller reached o...
Cameron Chambers
Want To Qualify For A Better Mortgage...What To Do?!
Hello all! I am a young 22 year old and I work full time as a Sales Rep (salary+commission). With the info I received so far, I am able to qualify for a mortgage of about 225k. Given the current market prices, this is...
Nancy Reynoza
Need advise on my next purchase
Hi. I am new to BiggerPockets and I am looking to purchase more income property. I currently have a Triplex and a single-family home in my rental portfolio. I am thinking of purchasing a new home for my family and ren...
Clayton Hepler
Wholesaling a property, not knowing what the equity is.Any ideas?
I am about to get a property under contract to wholesale, the owner has no idea how much equity he has. He said that the bank foreclosed on his property a few years back... but he still has it? I want to make sure my ...
Ketan Patel
What is stopping you from Raising Unlimited Investor Capital ?
What would your RE business look like if you had access to as much capital as you needed ? There is no denying that Capital is a key element in growing your RE business. Here is what I think the Top 3 Challenges are t...
Bob Jones
Newbie question about notes.
Let's say I have a $20,000 note. I want two $10,000 notes. How do I get that? I know a little about buying discounted notes. How difficult is it to sell a note for two smaller notes that total the full price? Can you ...
Nik Divakaruni
Closing out Seller Carry loan - steps needed
Good Evening Fellow BPers,I have a 35-unit property that I put 10% down on, and the seller carried the other 10%. This is coming due next week. The seller is telling me that no legal work is needed once the funds ar...
Henry Y.
Seller has been through a bankruptcy
I am working with an off-market deal. The seller has a mortgage $180,000 and he has $18,000 in arrears. He already had a bankruptcy. The retail value is worth around $230,000. The seller wants to sell with $10,000 in ...
Patrick M.
Critique My Approach to Co-Signors/Guarantors
A single mother who work part time has asked me about renting my unit. My docs have a 3x the rent requirement. She says she is a preschool teacher working part time and her parents help her with the rent. She said tha...