Chris R.
Recent acquisition of a 112 unit value-add multifamily building.
Investment Info:
Large multi-family (5+ units) commercial investment investment in Savannah.
Purchase price: $3,875,000
Cash invested: $2,130,000
Sale price: $5,200,000
The Tristan Townhomes cons...
Chris R.
Recent acquisition of a 112 unit value-add multifamily building.
Investment Info:
Large multi-family (5+ units) commercial investment investment in Savannah.
Purchase price: $3,875,000
Cash invested: $2,130,000
The Tristan Townhomes consist of 112 two-bedroom, one...
Noam Birnbaum
What property management tasks should happen right after closing?
Hey folks,I'm preparing to close a couple deals in the next month, and will be immediately putting those units under the care of an outsourced property manager.All the R.E. books I've read talk a lot about the purchas...
Laura Veien
Help! Buying rentals Hepl!
Just getting started in real estate. 22 days away from closing on a six plex and the property management co. that's taking care of it will not give us the leases. Four of the units have tenants. Do they have to give t...
Mahesh G.
Commercial Loan or Conventional Mortgage for first 2 rentals?
Hi, I'm in the process of buying 2 SFHs as my first rental properties that I will be managing myself. I've spoken to a few banks and a portfolio lender and I'm having hard time deciding which route to take. Convention...
Jake Oreskovich
Self Managing vs Property Manager Landlords?
Hello, I'm weighing my options. I currently have 8 single family rentals. My question is, at what point have other members used a licensed property manager, if ever? __ professional management from the start__ 2-5 un...
Danielle Fattizzi
"Hard" Down Units - What Does It Mean?
Hello my very helpful friends!I will try to keep this simple and short. Analyzed and sent an LOI on a 32 unit Class C property in Jacksonville, FL. Was in the middle of negotiations on the price (have not moved to pur...
Patrick Wheeler
Website For QUALITY Homeowner Phone Numbers
Anyone have a website that they really like for looking up the phone numbers of homeowners? I am currently using people smart, but the quality is starting to come off pretty poor so I'm hoping others have better sugge...
Account Closed
Close without title insurance?
Has anyone decided to do a court house closing in lieu of closing attorneys and title companies.I know you wouldn’t have any guarantee of clear title, but couldn’t that be searched myself? This would be for flipping h...
Nanda Netto
Not permitted addition. What to do?
Hi!
We are are planning on BRRRRing a property in Daytona, FL.
It’s a SFR in 1/2 acre land with a detached 2 car garage, with a 1/1 in-law suite on top.
The house is R-1 zoning and is a 2 bedroom, 1 bathroom house.
...