Brian Essex
lender recourse if condemned?
Does anyone know if a lender has the right to recourse if the home suffered from a natural disaster (flooding) and is now condemned? My investment property can be short sold for only the value of the land and this wi...
Sandy Eugene
401k to fund rental property
Should I take money out of my 401k to help me buy a rental property if my job is matching what I contribute. I believe that once I take money out of my 401k that I won't be able to keep contributing and take advantage...
Wiley Strahan
Cash Flowing Multifamily Los Angeles
Hi All,
I have been looking at some properties in Los Angeles (Long Beach) and I keep coming up with calculations that yield me barely any cash flow. [they are 3-4 units] My question is, is this to be expected in LA?...
Shane Newell
Best way to structure potential buy and hold deal
Hi all. I've recently come across a non-listed property in one of my target areas that fits my criteria. Property rents for $2,600 without a single vacancy over past 12 years (owner showed me leases at least). Ask pr...
Bobby Christoulakis
How much is my Note worth?
Back in April I sold a building that I owned. The purchase price was $650,000 the buyer put $250,000 down. I did seller financing for 12% plus a finance charge of 8 points of the purchase price which we also financed...
Jonathan B.
Starting a Property management, needing a license (FL)
I understand there is a requirement to be licensed real estate agent to be able to manage other properties in FL.
Is it enough for the property management company to have hired a part time or 1099 a licensed agent on...
James Isaacs
Negotiating a seller financing deal with a seller I Need help!!
I need help figuring out how to make this deal work. There is a tired landlord looking to sell his portfolio of three properties for 450k. The market value is 510k and they need no work at all. Two of the three units ...
Eric Traboulay
Pay off house early or Invest $$ in 7% fund?
Hi Everyone,I'm looking for some advice (Pros/Cons) whether I should invest my extra income into a savings vehicle that will essentially guarantee me a 7% return annually or if I should put the extra money to paying d...
Sean Leonard
Need to finance renovations on rental owned by my LLC
So, I have a bad property manager who allowed my tenant to let the property fall into disrepair and, because I didn't choose the contractor he recommended, he has let my property sit untenanted x 8 months, not followi...
Ronald Green
FHA Amount
Im looking for a multi-family property and am trying to find an affordable option to purchase. After speaking with some investor friends of mine i received the advice to "Max Out" the FHA Loan because its the only sho...