Calvin Quallis
DSCR to Cash Out BRRR
Hi,Purchasing a buy and hold property in the Hamptons, NY for $1,895,000. Will put $500K in property. ARV is $3M conservatively, with a really great reno can fetch up to $3.5M. Purchase contract has no mortgage contin...
Zack Thiesen
Lending vs Income Doc Scenario with BRRRR Method
I am a little skiddish about posting what might be a stupid question.. I am currently closing on my first rental that I bought here in California three years ago and if all goes well I should be up $120k sooner than l...
Fred Ashley
Rescuing the Bailout (RE Professional Perspective)
RESCUING THE BAIL-OUT (a RE Professional Perspective)
An opposition to the Emergency Economic Stabilization Act
By Fred Ashley
The Emergency Economic Stabilization Act of 2008, or Bailout Plan is a law authorizing th...
Chase Banta
Looking for $4M+ I/O Refinance Loan in CA: Where to Start?
Disclaimer: I have a smart partner with bandwidth problems. I am the dumb partner with bandwidth, so I am out asking novice questions.We purchased a 36 unit property in northern California using a combination of a $4M...
Ruddy Anthony Salazar
Investing Strategy Los Angeles Area
Hey everyone,
I need a bit of advice on strategy I should take with my first home purchase. I was just approved for 700,000 FHA @ 3.9 interest and I am waiting to get my Certificate of Eligibility so I can get my VA...
Matt Jarog
BRRRR Investment - Hard Money Loan Types?
Hi Everyone, wanted to see if anyone can provide me with a little bit of information that isn't clear to me. With Hard-money loans there are a number of different types you can apply for with Hard Money Lenders. I was...
Demetrius Brown
How Have Apartments Prevailed During the Pandemic
Investors have chosen multifamily as a best-bet asset class.
HANDS-ON VALUE CREATION
Another winning quality is multifamily’s relatively low barrier to entry. Many apartment investors get their start in real estate ...
Joseph C Schmitt
Using SC Public Records for Solicitation
I currently live in New York, my network currently targets the majority of sellers using Direct Mail campaigns. South Carolina has the following law: PURSUANT TO S.C. CODE §30-2-50, OBTAINING OR USING PUBLIC RECORDS ...
Nick Brown
Broker providing different cap rates. Which to underwrite with?
Hey!I'm trying to underwrite some properties and a broker often sends info like this:Currently 65% Occupied. The Projected Net Annual Operating Income at 100% Occupancy with units leased at market rates is $109,500 ...
Alyssa Lake
What kind of terms would you expect for this kind of deal?
5.25mil-ish48 units83% occupancy for 2024. Rents are well below market value currently. I am new to this multifamily/commercial side of things. I was offered LTV of 54%, 6% rate from a commercial lending institution b...