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Acceptable CAP rate for multifamily properties in Ohio is as follow: Section 8 or any other subsidized housing is minimum 7.5%. For Market rate properties it is 8.5%. Student housing is minimum 6.5%. A good property t...
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Hello Everyone,A work friend of mine is selling his slum rental in Tennessee. It is in a good part of town but over the years he just always put the minimum repairs into the property. I am looking to flip it. He is as...
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I am on my 12th transaction and I am very good at evaluating deals. I network like nobody's business but I still have supposed hard money lenders who tell me that they will finance 100% as long as the purchase price ...
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Hello everyone this is a question that has perplexed me while looking for hard money lenders. there are so many in the market to day making it hard to choose from.
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Perhaps you currently work a 9-to-5 job that’s wearing you down, and you’re looking for an escape. Perhaps you’re tired of the long commutes and don’t want to miss any more of your son’s baseball games. Perhaps you’re...
Hello, I am excited that I found this forum – seem like the perfect place to get some advice!Here is our situation. I am looking to partner with my daughter to purchase a rental home. We found a good market with a hi...
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I am looking for 15-20k per month for down payments in Michigan. Is there a bank, private lender or credit line I can look into?Our personal credit is 695 & 755LLC is brand newNewly licensed realtorWritten busines...
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We recently purchased a 100 year old duplex with plaster walls and ceilings. One unit was/is occupied by an older couple (>70) who have lived there for close to 20 years (we let them stay). Their bedroom ceiling i...
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I have been marketing my area and the leads are pouring in. There are deals I want to jump on today where a seller is willing to carry 25-50% of the property cost. My question is, who pays for the rest? I have heard a...
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Robert Shiller raised this question over the weekend in a NY Times article ... he delves into a bit of history of why govt has subsidized housing and his theory why we continue to do so. I tend to agree it's less of ...