Raj Patel
How did this loan get approved?
I know of someone who bought a retail property a few years ago. Retail in the sense that it’s your standard building with parking lot and retail tenants. The NOI at purchase was $90k. The bank gave him a 10 year loan ...
Merry Briotta
Direct Mail Target Area Question
We just started sending direct mail out. We are executing it ourselves and have only sent a small number of mailers (~600). We have used 2 different versions (simple yellow letter and a more "professional" looking fly...
Andres Ruiz
Ballantyne vs. Matthews SFR Investing
I am looking to buy my first SFR in the Charlotte Area. I've narrowed it down to Ballantyne (28277) or Matthews (28105) mainly because of the highly rated school district. Can anyone with experience in the Charlotte s...
Brandon Mon
Good Cap Rate on Low End Properties
What is a acceptable Cap Rate on low end rentals. I have seen between 8-10% but these seem low to me.
Thanks for the advice
Erin Tarantino
10+ apt. expenses
So I am trying to run numbers on a few larger apt. buildings and the expenses the owners have given me are obviously inflated for tax benefits. Does anyone have a general rule for factoring in expenses for a 10+ unit...
Justin Wood
How many properties can one person manage themselves?
I am getting ready to start a property management company. I have a real estate broker and this is the next logical step to grow my business and my rental portfolio. One of my agents will be running the property manag...
James Wachob
Brand new homes available in Memphis, TN
We have had a great response to brand new homes as rental properties. My clients from AU to China have decided that a new home is "the way to go!"On paper the homes do not preform as well as the fix and flip homes. Le...
Robert Plumpe
Converting office into limited service catering hall?
Hey all:I am in the nearby suburbs of Detroit.A few years ago I noticed a limited service catering hall in a nearby strip mall. By limited service, they did not have a kitchen and the size of the hall was just one ro...
Kevin Reid
Land for a home vs duplex
I've been posting about buying some lots to develop recently and we are considering a few more options. We are looking to buy either 2 SFR lots, or we have an option for a Duplex lot now for about the same price. Both...
Jun Zao
How do I find mortgages that allow only 5% down
So I am wondering if I could ever buy this 6 unit multi family building that has a list price of $899,000 with a 5% down mortgage.By the time I save enough for the 5% my Fico score should be 750+