I have an investor that wants to get a 50k loan using his free and clear condo in dallas TX as collateral. He o owes no debt on it. He doesn't want to use a bank because of the paper work and qualifying he says. Would...
Redfin recently did a report on cities least and most likely to be affected by a recession. Least volatile were Rochester NY, Buffalo NY, Hartford CT. Most volatile were Riverside CA, Phoenix, AZ, Miami FL. The criter...
Lets say hypnotically that there's a 1.3 acre commercial parcel on an increasingly busy Hwy in Nebraska. Its next door to two other strip malls that are fully leased. An offer comes in for $400k for the parcel. Do I:A...
Hi BP Community,I would like to get some advice/opinions on my first purchase. Little background first, two years ago I made the decision that I wanted to get into REI obtaining buy and hold properties. With little ...
I just closed on 24 units in Illinois. I found out at the closing table that the Seller was passing to me a completely unfair laundry lease with Jetz. 10-year auto renewals if I don't provide 365 days' notice to can...
I didn't really plan this scenario, and some of you will fault me for a laissezfaire approach, but I started investing in SFRs in the year 2002 as a SIDE BUSINESS. Lukily, I had other income so I've never neede to ta...
I am a little confused about LTV ratios. From what I know a LTV is simply the mortgage amount divided by the appraised value.
If I am looking to mortgage a property that appraises at 100k and ...
You hear all of these people (so called Gurus, self proclaimed obviously) talking about how when they got into investing they had no money and had to come out of pocket with zero cash in order to obtain their first pr...
Property Details:Purchase Price: $9,500,000 Annual Rent: $498,804 Cap Rate: 5.25% Lease Expiration: 2/28/2038 Lease Type: NNN Year Built: 2013 Options: 10, 5-yearGross Leasable Area: 14,534 SFBuilding Class: BLot Size...
Hi I am considering offering seller financing for a property and want to get ideas on terms to offer and a general experience that any bigger pockets members had as this would be my first time offering this. My initia...