Armando Payano
Value add multifamily / Post renovation refinance.
Need your help BP,Analyzing the potential refinancing results of a value add multifamily property. Purchase price $1,000,000Units: 20Average market cap rate 6%The apartments appraised at $1,050,00 using an income appr...
Sean Starkey
HELOC is killing me
Someone out there please give me some advice about the HELOC I took on my primary to buy my STR. It’s at a variable rate and just keeps rising. We owe 178k and the interest only payment is $1455 this month. We have on...
Neil Metzger
Delayed Closing - Good way to start renovating before closing?
I know the answer as I am typing the question, but thought it might be worth tossing out to more seasoned flippers then me....Trying to get a couple of my guys into our next flip prior to closing on it. The target ho...
Bryan Buckingham
How can I keep a home and have cash for next project?
I am hoping that someone knows of a solution that would allow me to hold a home that I own. I have lived in my home 2 years. Its value is 1.7 million. Debt on the mortgage is 500k. I built the home and would love to k...
Michael Glaser
Signing Before Closing Date
Purchasing property, waiting on appraisals. The seller recently said after we signed a sales contract in November that he wants to have the contract go into effect Jan 1, 2017. This is to avoid capital gains he'd have...
Janine Badic
How can I keep my property but take advantage of gains exclusion
I purchased a 4-unit property eight years ago that has over doubled in value. I joined the military so I have up to 10 (vice the normal 5) years to sell and have capital gains excluded since I lived in the property fo...
William Price
Private Money Deal Structure Question
I have recently put a property under contract and I have a private money lender who is funding the deal. It will be a cash purchase with funds from the private lender. This will be a long-term buy and hold. The priv...
Vincent Chen
Millennials,BabyBoomers And Apartment Complex
Just bought a 8-unix complex out-of-state,will post the details once everything wrapped up in the forum.Still keep learning the apartment industry/market, since some apartment Gurus once said "The learning curve is th...
John Brinson
Should I invest in Washington DC or Bremerton WA?
Hi im John, soon to be an investor. I have a few questions wonder if anyone could help. So im in the military, with 3 years left on my contract. I will be stationed in Washington, Berminton for 16 -24 months. Im from...
David Shultz
First Buy and Hold
A family member approached my brother and I, and offered us cash as an interest only loan with the idea that we would invest in real estate. We pay 5% interest on the loan. We took her up on the offer, started an LLC....