Chris Penny
Exclusive Broker Agreement
Hi, All. I contacted a broker about a 6 unit property that ended up not being right. He said he had some properties that were not yet on the market and would I like to see them? I said I would be interested. What ...
James Lapp
Tenant Base and vacancy rates in New London
I'm new to the southeast CT and am looking to purchase multifamily properties in New London area. I'm trying to get a sense of (1) vacancy rates and (2) what I can expect as a tenant base. For example, I looked at th...
Kim H.
Am I paying too much?
I just signed a contract on my first multi family in the DFW area. Good location, 9 units, $1100 per month rent (actually on the low end for the area, which averages $1250). No vacancies. Sales price is $450k. Hav...
Michael McCorkle
Help me analyze this deal? What am I missing?
I would like help analyzing a deal that looks good to me. Even though I am not able to move forward on it at this time I am trying to hone my analysis skills for when I can. Please give me your thoughts.1. Three tripl...
Anthony Salamone
Is it me, or are mortgage rates crazy for investment properties??
Just want to get some others opinions on conventional lending rates for long term hold. I am good for ~5.5 with a conventional lender which I think is pretty high. That’s considering 20-25% down and all the jumps and ...
Hector Lewis
Lender will not approve purchase due to the price is too low
Hello,I found a multi family property that is under $100k. I am already approved for $130k. When I told my lender about the property, they stated they could not finance if it is under $100k.Does anyone have any sugg...
Joel NA
Help with analyzing numbers
This forum has changed the way I view money, not just RE. Thanks to all.
I would like to put in an offer on a brick duplex in my neighborhood. It's in great shape...I'm my own property manager and maintance guy but ...
Arti Piland
private money no interest question
I searched the forums & found many situations involving private money, but couldn't find any like this. How is private money classified/structured if there is nothing being asked for in return - no returns or int...
Adam Philpot
my number can't be right... do you know where I'm overestimating?
All, Can someone please help me on my analysis? I feel like I put together conservative numbers (worried they're too conservative). I'm not sure how I'll ever find a deal if this is the financial model I use. Can some...
Vik Divinets
Need advice on my first property deal.
Can you please help me and advise me on this one. I have a 28 unit apartment complex (mom & pop type) under contract for $185,000 and the tax assessment is at $250,000 and its market value is at $300,000. Fully oc...