Gopichand N.
Is contigency reserve normal for property management?
I am currently in the process of reviewing a contract from a property management company, and I came across a clause that raised some questions.The contract stipulates that a sum of $500 per property, up to a maximum ...
John Slater
Pre-Foreclosures are increasing, any trends in your area?
Curious to know what you see in your state.
We are seeing pre-foreclosures continue to increase in So.Cal, and continue to see the same trends over and over again....
A lot of these pre-foreclosures have two things ...
Gabe Goudreau
What is a replacement reserve?
Hello everyone,
I am analyzing multifamily deals using a modified spreadsheet I found online, and the spreadsheet has a reserve account that is taken directly out of of the NOI called "Replacement Reserve". It is ta...
Dan Falco
Am I calculating cash on cash incorrectly?
Hi all,Either I’m doing something wrong or this property doesn’t cash flow very well. To be clear, the deal isn’t done quite yet. This would be my first ever home (duplex) purchase. I’ll be living in one unit and rent...
Jennifer Stammberger
What exactly is a DSR loan?
David Greene mentioned a DSR loan in one of his recent youtube videos which I've never heard of. If I understood it correctly-it's simply a loan that does not use your W2 to qualify but the lender would look at the pr...
William Kyle Walker
Keeping one property alive with the profits from another
Hi Bp,
it's been a while since I asked a question.
My question is, if I have a fund with let's say 10 LLCs that hold one property each. If one of those properties starts to become low in occupancy and can no lo...
Dillon Hutsell
Military and Real Estate
I'm planning to enlist in the military, For any military members what would be the best contract to choose to invest later on? I'm not too sure if you can serve 3 yrs active and then the rest reserves lmk. For investo...
Josh Jacobsen
Homework Help
I'm looking for clarification on a question from the Washington State Real Estate Course, if anybody is willing to weigh in. I think this is a bad question because of the shift from designated broker to client from qu...
Corey Hajduk
First Multi-family purchase. Very rough numbers but so far looks promising. Any opinons or suggestions
I just raised enough capital for my first Multi-family purchase and have been looking for a couple months now for a good buy. I'm looking in several different areas in Michigan. The areas I'm primarily focused on are ...
Jimmy S.
Due Diligence: 1-4 Unit Property Managers in Greater Indianapolis
As more and more clients ask me to recommend property managers for their SFH, Duplex and Fourplex properties, I'm updating my due diligence checklist when comes to what to ask a property management provider:Here are s...