Thomas Lee Nuckles
Interest rates, are they the same?
Should I shop around for a better interest rate or take the first offer I get? I know they run my credit every time and I don’t want to keep taking hits but at the same time if I get a good lender then I’ll stick with...
Dee Y.
Would you do this deal?
Would you do this deal for 4 full duplexes:
Asking: $241K
Sales/Offer: $220K + $40K rehab = $260K ($32.5 each)
Monthly rent: $650 (average)
Monthly estimated expenses: $1,325 (including taxes and insurance)
PI: ...
Pat Bahn
Has anyone analyzed the balance sheet of Equity Trust Company?
I'm not much of an accountant, not like a real CPA but, i was wondering, I went and looked at opening an account at Equity trust company www.trustetc.com. SO as part of due diligence, I asked them for documentation a...
Erion Ni
Is this a good investment?
I am new here so please let me know if I've left something important out.
I am looking at a 3 family in Framingham MA that is listed for 410K. First and second floors are in good shape and already rented at $1500 eac...
Hal Cranmer
4 Plex Due Diligence
Hi,
I am interested in a 4-plex that is right across the street from one of my other rentals and in a very good rental area. Here are the numbers:
Purchase price: $340K
Downpayment: 20% (68K)
Monthly mortgage payme...
Alberto Nikodimov
Tenant Screening Now more important than ever!
Tenant Screening - Now more important than ever! This has always been the a crucial part of the rental process, but now landlords and Property Managers should be even more meticulous because the CDC Moratorium has bee...
Lin Ding
First Investment Deal - HELP!
Hi everyone, I'm a newbie and the very first real estate investment deal is so nerve wracking, Especially I have no idea what I'm doing. I'm working with an agent on a property posted on MLS. I've been reading, listen...
Jered Sturm
Forming an LLC in advance of needing it to season it?
Hello, I am an active REI that has a successful company in OH. In a year and half I will be forming a new LLC operating in a different state where I plan to open and run a separate REI company under another LLC. I re...
James Mamangun
I was told by the bank you can only have 4 mortgages.
Hello guys. Newbie here. The bank says I can only have 4 mortgages. Does this mean I can only have 4 rental properties? How can I have more than 4 properties? Do I form an LLC?
Taylor Vaughn
Expenses Per Unit
Does anyone use rules of thumb for estimating expenses per unit for multi-family property? I have recently been told:Owner paid utilities: 4K-4.5K DoorTenant paid utilities: 3K - 3.5K DoorDo any owners have actuals...