Joan Flynn
Borrowing from a friend
Good afternoon,My business partner and I have an LLC that plans to borrow money from a friend to rehab a house and return it upon closing. We have a contract. Do we need to get or file any paperwork with fed or state...
Brian Whelan
CCIM Designation for Commerical Brokers
Does the CCIM designation provide high value as a commercial broker? It appears to be the gold standard for any established broker but would be interested to hear from brokers who have completed the designation to see...
Nikki Utley
Focus on direct mail or get a website?
I'm am just starting this journey into wholesaling, with limited resources. Not sure if I should focus on direct mailing, as that is what has been recommended. Or should I get a website and focus on doing SEO. I under...
Account Closed
Typical funding requirements for a 4-plex?
So I looked up the highest rated loan officers on Zillow in my area and I sent them all emails asking what the general requirements are for purchasing a 4 plex; I got quite different answers from all of them!First, fo...
Daniel Derrick
Mailers
Newbie here, my partner and I are needing a little direction on mailers. How do you obtain the mass amounts of addresses needed and do you simply drop them off at the post office?
Any tips and tricks in regards to ma...
Account Closed
Wholesaling off market deal with realtor??
Hello all, I found a vacant home recently , I skip-traced the home and left a message for owners. In return I received a call from a realtor who told me the family was interested in selling and that they preferred to ...
Phil B.
Cap rate % is higher than cash on cash %?
Does anyone own properties where the CoC is lower than the cap rate? Numbers below. Thanks Fully occupied 24 unitsGross rental income $213,613Tax $25kInsurance $6,252Water $12kSewer $17kComm. bldg & common area Ga...
Kenneth McKeown
ITIN Tenant please HELP!
I have a 4-plex that's in a very heavily Hispanic neighborhood. I've had a ton of calls with folks that do not have a SSN but rather an ITIN number. One in particular is a single mom and has sent me proof of income, r...
Chris Dickey
Multi-Family- 4-plex Utilities?
Looking at my first multi-family today (4 plex). Got a copy of the rent roll and it appears that the current owner is paying all utilities (water, electric, garbage etc)....cutting into a major chunk of the monthly c...
David Vitarelli
9 Month School Lease...who has done this?
Hello BP! I am looking at a rental property at the Jersey Shore. The house I am looking at is in Atlantic City and is very close to Stockton University. I am considering renting the house to students September through...