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...
Ember Meadows
Yellow Letter
Question for you guys. I just started doing yellow letters. I was going to use the basic letter, however I realized that my phone number is going to my wholesaling partners answering service. When they answer they ...
Glen Gaidos
RE: Nightmare Tenant?
I'm sure everyone here as some version of this story...I'm wondering if anyone has some feedback for my specific case. I'll try to keep it short (ish)! I'm posting this as my PM and I have different thoughts on approa...