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I recently stumbled on a fully occupied 6 unit property that would bring in about 35% Cash on Cash and that does take into consideration 15% vacancy. The city itself has a higher than average crime rate according to n...
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In July 2011, I sold a SFR in a small town in NC. The selling price was $87,900 and the buyers had a downpayment of $19k+. I financed the balance. The payments were to be made every 2 weeks (at their request, since t...
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I have a potential deal on a property I want to rehab and sell. The seller is asking if they can stay up to 60 days after closing (we would have to agree on concession), so they can locate a new place to live. They ...
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Looking for strategies and creativity ideas on how to pursue an opportunity I found in my area that at the right price could be a good addition to my BRRRRRRR portfolio. The facts and challenges are-1) The house is li...
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I've connected with a broker, a contractor, and buyers in Portland, OR. I have numerous properties lined up and investigated by my broker and contractor, and if I assume I can finance via a HML at terms quite ofte...
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I'm working with a seller on FCI Exchange who has not recorded his assignment and says: "We don't record our position until it is under contract. FCI can record our assignment at time of close." This does not seem ...
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I am rehabbing one apartment in a 1937 triplex in Los Angeles I just bought. Looks like the electricial wiring is original two cloth-insulated wires, although the kitchen and bathroom have three-prong GFI outlets. The...
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Had 3 showings scheduled today. First one was a no-show, but wasn't a big deal because the 2nd was a family that had been my best phone screening to date. Showing went GREAT. I think they will apply and if everything ...
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My first floor tenant is complaining about excessive noise from the second floor tenants children. Second floor has 3 young boys from 18 months to 6 years old. 2nd floor claims its normal noise and all kids are in bed...