Adam Berlinberg
First 6 Unit
Looking at a 6 unit rental as my first multi-family. HCOL city using 30 year commercial loan fixed at 6.5%. Total cost $1.15 million with 25% down. All units currently occupied and is in a trendy part of town in which...
Trent Reeve
Venting on ABB "host" staying at my place
Guest checks in, i double check camera to make sure no issues getting in (sometimes people have issues using Schlage lock. I don't know why, but i double check). I see them with a dog, i double check booking and no pe...
Jeffrey Linville
Roomates are at ends with each other
So I have this unit that I rented out to two very nice college boys. I met them, vetted them and ran checks on them. They said they where both serious about school etc. Well apparently one of them is now skipping scho...
Tim Herrick
Foreclosure Auction- Divorce Judgment
I am looking into a bank foreclosed auction property (Auction.com) in New York. In my research I see that there is an active $68,000 divorce judgment in 2021 against the husband who was foreclosed upon. The husband an...
Account Closed
Advice on Owner Finance Deal Structure with existing ARM Note
Working with a possible owner finance deal. I'm unsure how to best position the offer given the below scenario. Market rent is between $1800-2200 and home needs light cosmetic upgrades only. Seller is motivated to wal...
Ron Steckly
Apartment building in Cleveland, OH
http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=18252177&SRID=3730594653&StepID=101
Property is $434K and has assumable loan with city for $104K.
What's interesting is the ...
Dan S.
Cash out Refi Investment Property Little Seasoning LLC
I purchased my first Triplex 3 months ago in cash, rehabbed and have all units rented currently. I bank with a small local bank and they offered me 60% LTV for a cash out investment with no seasoning requirements u...
Madison Lowe
The Book on Flipping Houses & The Book on Estimating Rehab Costs -
I am looking for feedback and recommendation to buy this book. Those who have read this book, what is the most important information learned and why would you recommend it to others.
Joshua Lyon
$25,000 in EMD wire fraud
I’m a realtor and investor in the Orlando area. We put a 5 unit property under contract, did our inspection and requested the wire instructions. The listing broker sent me the wire info for the title company (which I ...
Jeremy Anan
Seller's Agent stated "Buyer will be unrepresented ( no agent)"
Hello BP - I've submitted a LOI on a Multifamily deal. When chatting with the seller's agent, he asked me whether I will be represented by an agent, I responded no.After hearing back from his seller, the agent sent me...