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I would love to hear comments and suggestions and creative counter offers on the following owner financing deal-6 unit (possible 7th) multi-family property in an older part of community. Old, not run down or "the hood...
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I need to create an LLC for financing as well as liability reasons. This thread isn't about the pros and cons of forming an LLC.Rather, my question is:Should I hire an attorney to do it "right", or is it good enough f...
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If you have little to no experience with rental property (just bought a book on landlording) and had $100,000 to invest only in real estate, where and how would you invest it?
1. buy as big a multi unit complex th...
I live in a major vacation destination town. I believe RE prices are still pretty low and will grow a lot. I'm 53, with few assets, no debt, and want to get into the market now.I can't afford to buy a home AND a r...
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With all the underwriting guidelines changing due to COVID, where are you folks finding "decent" deals on cash out refinancing that's worth looking at? I'm finding that either the rate is not attractive enough or the...
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So, 3 weeks ago, I found a house on the MLS listed for $74k, I made an cash offer on a short sale and it was accepted by the seller. Today, I got a phone call from my agent saying that GMAC negotiator wants $90k for ...
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I figured I would share a personal victory here. @Bryan Hancock and myself have been ramping up our project volume over the last four years and this is turning out to be a banner year. So much so that I was able to ...
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There have been many discussions about this being a sellers market, and prices are high.In my market (between Chicago and Milwaukee), prices are high, but many of the properties still would cash flow well.When I run t...
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At some point, I know I want to have something built. Most likely a hotel, but could be SFH's, or maybe all of the above.Is the first step to go to an architect? Will they help me design the building as well? What are...
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My goal is to buy 10 cash flowing rental properties as quickly and safely as possible. So far I have 4 and I keep 6 months of mortgage payments on hand and have a decent security net in place for maintenance etc. I k...