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Hey everyone, I got my first multi-family deal by called calling the owner and need some tips on how to negotiate the deal. The owner is currently asking $1000000($83333 per unit) for 12 units brick apartment in a rur...
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Over the last 3-7 years I have purchased 4 SF homes, currently all are about $310,000. Average remaining mortgages are about $150k. I would love to use the equity but my interest rates (after refinancing) are at 3.2...
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Hello Everyone,
I am in the process of educating myself before I purchase my first few rental properties. I have heard that the mortgage rates for a 15 or 30 year loan are a little bit higher than if you were to get ...
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Investment Info:Commercial Property Tax Lien Redeemed in Westminster, Maryland. Purchase price: $ 5,637.14 Cash invested: $ 5,637.14 Sale price: $ 6,000.39This property is the 2nd of 3 tax liens I purchased at the Car...
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Hi All,I was looking at a potential property in Evansville, IN and saw a credit in the property tax that said "Res/Rental, Cap 2" and gave a credit of 832.44 towards the tax (pictured below). I was curious if anyone e...
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Hello,I am exploring the possibility of converting some or all of my Rollover IRA account into ROTH IRA account to reduce my tax burden when I retire. I understand that this would be a taxable event and I would be req...
I just received my New Jersey tax lien certificate I won at an online auction, for the 2018 tax year. How will I know if another tax lien certificate will be available come next year if the owners does not pay their t...
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I am new to running commercial deals and when looking at cap rates and NOI the numbers don't quite make sense.
Example:
Asking price - $1.175m
Cap - 6.36%
NOI - $74,000
Its a 5 unit in Denver, Colorado. I can s...
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Hello.I own a condo in Long Beach, CA, free and clear, that is worth around 500k. I have good tenants in it who pay rent of $2290/mo. I've been getting antsy to reinvest but don't have the savings to do it. What would...
Good morning,
Back in May I did a cash purchase on a 4 plex that needed a little work. I bought the property with hard money, fixed it with my own money, went to refinance and: it made it all the way to underwriting ...