Account Closed
What's wrong with my math? IRR at 25%
I've been researching for months now on rental properties and intend to do so for a few more months (wanna finish my CPA before I focus on rentals). But I've been shopping around to see what's out there. I found a 75k...
Account Closed
My research is paying off
I've been doing a lot of reading and analyzing over the last months and am getting more confident in my knowledge. I'm the researcher in my house. Right now he's just along for the ride as this is now my hobby/obsessi...
Tony Castronovo
My last deal was like a bad Lion King movie
Like the "circle of life" my deal went "full circle"! Initially viewed a great MF property in January3 weeks of negotiations and finally under contract in early March Near the end of our due diligence, we discovered ...
Account Closed
Closing on multi-family. How do I get the pro-rated rent?
Hi all,This is my 1st deal and my agent is telling me all the pro-rated rent should be taken care of by title company. I have the final closing disclosure from seller and it does not have any pro-rated rent or deposit...
Kelli Thomas
Real Estate Exam Questions
Hello! I just finished school and am getting ready to take the WA RE Exam. I took a practice test on AMP and scored 73%. Is it worth taking another practice test or just going straight to the exam? I have a list of al...
Spencer Glaser
Memphis Duplex HouseHack analysis (1st Property)
Hello all, I am looking for feedback on my first property. I want to HouseHack a duplex in Memphis, TN. I put down an offer of $114,900 on a 2,500 Sqft duplex(1300sqft 2/1 Downstairs and 1200sqft 2/1 upstairs). The h...
Stephen Spradley
Going to look at property basics
Afternoon all,Very new to real estate, and have been told by a few people that analyzing 100 properties is a good start. I'm not working during the summer and have a lot of free time until school starts and see this a...
Brandon Beaudoin
Accredited investor qualifications
Hi yall!I'm generally aware of the requirements to qualify as an accredited investor for 506c offerings EXCEPT it's unclear to me on the $300k joint income requirement for past two years and expectation to maintain/ex...
Candice Menard
Loan option question
Situation-I am using a non-recourse loan along with my solo 401(k) funds to purchase a rental home.
Borrowing-130,000.00
Loan term options
Fixed rate20 year loan 6.5%
Variable rate 25 year loan
10/1...
Greg Larson
Annual Operating Expenses
Hey all, I'm looking at a duplex property that was just put on the MLS. It's stating that the annual operating expenses are only $500.This sounds unrealistic, correct?If so, is it common for MLS figures regarding GOI...