John-Paul Rodgers
Deal analysis, please help a newbie!
Price: $500k, Lots 24, 100% Occupied, 19 units park owned, all older units (70s-80s) .Gross income: $96000, Expenses $46k not including park management. So maybe knock off $10k per year which at a 10 cap would imply ...
Timothy W.
How to help the folks in Haiti
Hey Guys,
Haiti's been hit hard by this earthquake. Estimates are up to 3 million people affected. I know you guys want to do something. There is a developer in Florida, Frank McKinney, who has ...
Sara Kern
Another Newbie Here :)
Greetings everyone..from the East Coast, USA
I am new forum member and hope to learn a great deal from fellow members here. I am quite fired up about interacting with members at this site -especially many of the seaso...
Denis Ponder
Rate Adjustment For Dove Hunting
Good morning,
Sept 1 - Sept 15 is Dove Hunting season in my town. Should I go ahead and adjust my rates higher right now in anticipation of this event? What types of market research should I be doing to prepare for...
Atul Mohlajee
Unit 1 electric bill $122 Unit 2 electric bill $36 in a 2 Flat
Recently rehabbed a 2 Flat. Both are roughly equal 2 bedrooms but the electric bills are very different. Village inspection was passed and meters were approved by electric company. I as landlord has common public ar...
David Napier
Pet deposits for Emotional Support Animal
Hello, I'm looking at a possible tenant. He is asking for the pet deposit to be waived since his dog is a ESA ( Emotional Support Animal). Has anyone ran into this before?
Christine Wilcher
Interest Rates and Points
Hello!I'm purchasing my 2nd investment property and working with Truist bank. They are asking for 20% down and providing a 7.1% interest rate. They are charging me 3.389% in points! I calculated 5% in closing cost. ...
Andrey Y.
How to determine how many investment properties to buy
First of all, I really do appreciate all the helpful guides and discussions on here to help educate a new REI such as myself.We can all invision the statement "It is better to purchase 5 properties at 20% down, and fi...
Victor Vella
Negative interest rate mortgages????????
What world are we living in?!?!?https://www.google.com/amp/s/amp.theguardian.com/money/2019/aug/13/danish-bank-launches-worlds-first-negative-interest-rate-mortgageGet paid from a lender to hold a note on the property...
Jon Binder
Credit Union Charging LLPA fee for a non Fannie/Freddie Mortgage?
Hello,Background: I am in the process of purchasing a new principle residence. I am using a local credit union for financing and putting 10% down. Originally, the credit union was planning on financing under Freddie/F...