Tyrone Williams
Newbie First deal - Soliciting opnions and advice
Hello,It was recommended to me that I ask for assistance in analyzing a deal in this forum. So here are the details of my deal.Multifamily Property - The property consists of 33 units in 3 buildings. Price: $350,000Pr...
Account Closed
Hard money term meanings and credit
I have four questions.
#1. Looking at a local hard money lenders terms, I need to understand what the following terms mean:
a. LTV: up to 70%
b. Repair draws: 70%
...
Carl G.
Commercial Loans to LLC
As a few of you know, I'm working on getting my rental operation off the ground. I have an idea I want to bounce off you regarding loans for rental properties.
I will be forming at least one LLC to run this operatio...
Roy Gutierrez
Appliances in rentals
Hi,
I have 2 properties in Oak Park MI that I'm about to rent for May:
House 1: signing lease tomorrow, in the better part of this small city for $1,700/month (rents for a similar house go for $1,400 ...
Luke Moses
Realtors - Seller wants to back out of a contract after accepting a offer?
I'm a new agent and I agreed to help a couple sell their home. They came to me because I purchased the house next door - my rental - and had been doing some repairs myself. To make a long story short they were very ...
Kay H.
How do you make an offer to someone (maybe not so motivated) if you dont have MLS access?
Hi, In a previous post, I mentioned I sent out a lot of letters and I get calls from people who maybe don't seem very motivated. Instead of throwing away those calls, some people suggested making offers over the ph...
Ebe Chinweze
Building code violations
Hi guys,I'm looking to buy a 9 unit and wondered do you guys let building violations stop you from purchasing a building? I know the city is strapped for money, do they come after you for past violations even if you ...
Brian Beadle
Amount of reserves needed when buying your first rental property?
Hello All, I will be in a very good spot to being building my buy and hold strategy in the next few months and I am curious as to what everyone sees as the appropriate amount to have in reserves when buying your first...
VICTORIA LEONE
Is Renovation Travel Deductible?
Renovating a house I bought in another state over several yrs, and they were hoarders. Little by little I travel there to empty it out and repair it with the intention of eventually selling it. Are the travel expenses...
Jason Pabon
Bought my second investment property in Atlanta!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $112,000
Cash invested: $22,400
Just closed on my second investment property in Atlanta! It's a 3 bd/2bath home wit...