When, if ever, do you depart from the 70% rule in making your max offer on a property?
I saw a commercial RE for sale listed at $1,600,000. The building was built in 2001. Cap rate is 7.85%. NOI is $125,400. It is an NNN lease starting at Mar 2010 and ending at Mar 2030 with two options. Rent increa...
Does any bank here do this? I’ve sat down with half a dozen+ smaller banks in Louisville and not one has indicated that they could do a 30 year am in any capacity if the property was anything other than a single famil...
I live in Wisconsin. I am not licensed. My agent was not doing a good job so I dumped him. My mom is a tax lawyer and a woman at her office helped me with an offer that I submitted earlier today. I got a call a fe...
Hello all,I am new to real estate but I found three properties on the MLS over the weekend that I believe would be great for rehabbing; however, I have never done a rehab before. I am not sure what to do next. Should...
Hi Guys!
Just a bit of an introduction about myself.
My name is Jeremiah, 27 years old, married with no kids, and I will be a millionaire before I reach 30.
I know, a pretty bold statement from a newbie, but with a ...
Hi everyone,
I have a realtor that is willing to knock doors of distressed home-owners (e.g. pre-forclosures) and explain to them creative financing options to help them in their situation such as doing a seller fina...
Hello all, I have a question I would appreciate your insight and advice on. Me and my wife are looking to house hack a multi family unit in either Salt Lake County or Utah County. We are looking to use an FHA loan and...
I'm about to purchase a multi-family property about 3 blocks down from one I already own. The price I'm paying for it will no doubt create a decent comp amount relative to what I now owe on the first multi family wh...
I've looked at a lot of smaller multi-family properties in the Inner Loop as buy/hold options (by smaller, I mean from a duplex to a six-plex). As I drive around the area to look at them, I'm struck by the quantity of...