Timothy Connolly
Sometimes bad investments do turn out okay
Investment Info:
commercial investment investment in Oakland.
Purchase price: $1,800,000
Cash invested: $585,000
Sale price: $8,200,000
Building in Uptown Oakland. I was originally a hard money...
Sunilm M.
cost of foreclosing
I have a rehabber who has stopped paying interest on my loan. I have a promissory note and a deed on the property and my lien is in first position. I am in the process of finding a lawyer to foreclose on the proper...
Manuel Sandoval
How to Approach a Seller for Seller Financing?
Hi,
It seems that my only option to buy a multi-family complex would be through seller financing because, as a student, I do not have excellent credit.
How would I approach a potential seller to ask for seller fina...
Tony Nguyen
Asbestos in rental
Hello,I have a peculiar situation here. I own a SFH that has been a rental for 16 years. When the tenant moved in, he bumped into some ductwork made of asbestos. This caused the material to come apart and he wanted...
Ku Thao
Structuring and legalizing private money
Hello all,I am new to private money and would like any and all input on private money. I have a few friends that are willing to put money together to fund deals. how do we structure this and what legal steps do I tak...
Jason Merchey
Housing Prices and REITs 2014-2017
The local real estate market is looking pretty good for me into the future I think, or at least, better than average. I do worry a bit about Blackstone or whatever that huge REIT is (is that the right word?) and th...
Justin Przybylski
Ratios
What would be a beginner's guide to the criteria and ratios that I would need to analyze an investment property? My goal would be to have the property produce positive cash flow even if its $1 a month. I just wan...
Nick DePrizio
Refi options for a newbie in South Boston
My wife and I own a condo Southie and are currently renting it out while we live in San Francisco. It's Cash Flow positive about $175 a month (which we are putting into principal), Loan was for 328k @ 4.25% and are lo...
Account Closed
Private Lending Basics
Good Afternoon fellow BiggerPockets members!I recently received an amazing opportunity to become a private lender in a flip in my neighborhood. I've done some basic underwriting and the deal looks solid. That being sa...
Jon Mccarthy
First flip "maybe"
I found a house I want to buy and flip it is going for 79,900 I want to offer 70 for it. I think if i can dump about 30 into it I could get about 130 to 140 for it. Here is the problem the seller does not want to sell...