Nolan O.
What will I need to provide to get a term sheet?
I’m looking to buy a mobile home park and have started approaching a couple brokers to get info about properties. One asked for a pre-approval, likely to gauge whether I’m a serious buyer. My thought is that a term sh...
Bob McIntosh
Heat & Hot Water Problem
So I live in an apartment currently that is supposedly a "luxury apartment", there are however quite a few things done wrong here to classify it as "luxury". Most notably the fact that between October and now, the he...
M Falcon
Neighborhood liquidity or turnover rate
Hi, this is a question to anyone who has flipped property. Do you factor in the neighborhood's liquidity or turn over rate before buying a property to flip? If yes, what is your primary source for this information? To...
Ryan Pal
insurance for condo
hey gang, my ira owns a condo which is going to be rented in 1 week. my lease says the renter needs to have renters insurance, however, do i need to get insurance as well? if so, what type of insurance should suffic...
Al Bennett
[Calc Review] Help me analyze this deal
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Jeff Brown, Jr
Sole Proprietorship in Fresno, CA
Hello,
Am looking for some recommendations for either CPAs or Real Estate Lawyers to help me set up a Sole Proprietorship. After researching, it seems like this is the way to go when just starting out in REI (as the...
Ali Barry
Wholesaling a Subject 2 Deal?
I’m looking to wholesale a subject 2 deal in Chicago. Here’s the specifics, the property is worth $180k - $200k arv.
Mortgage balance is $98,851.75.
Monthly PITI is $632.25.
Interest rate is 4.625% and the mort...
Don Konipol
You may have been to a Guru seminar if..........
You May have been to a Guru seminar if..........
You believe brokers will continually submit deals to you although you have no capital
You believe lenders look at the property ONLY when considering whether ...
Chris Palmer
First investment property
Looking for some advice on our first investment property. First, some background, We live in the North Texas area, and we found a multi-tenant property which hit listings a few days ago. This property definitely quali...
Mulugeta Berhe
Buying multifamily properties
I am looking to buy multifamily properties out of state. I own
SFHs and condos in the SF Bay Area (CA) for the last 10 yrs, but
not 5+ multifamily. Some say prior 5+ ownership is required to get agency
loans. Ot...