How do you guys respond when a potential cash buyer asks what you picked up a deal for? He will see it eventually on the HUD1 (except when using a double close) but asking early in the process smells of negotiating ta...
I currently live and work in Baltimore. I'm fairly young so I'm trying to build up enough cash to invest. But in the mean time, I was thinking of ways I can build up more REI money while networking with my community o...
Hi Everyone, I have a question. I am supposed to close on a 2 family apartment next week and just learned the owner wants a use and occupancy agreement up to 6 months. I originally agreed to 3 days and that is the in ...
I have run into a snag trying to refi my personal home and it is delaying the close until after the Maturity deadline. The owner is threatening foreclosure if we do not close on time. I need a 60 day cushion but I do ...
Ok let me start off in the beginning about 3 years ago when I started into the bulk reo mayhem. I like most of these broker jokers out there believed some how that the elusive billion dollar packages did exsist. (HaHa...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in San Diego.
Purchase price: $730,000
Cash invested: $6,500
Duplex home, with 3 units. First floor is has a main unit 3/2 ...
Closed today on forth duplex. Super excited but the seller kind of frustrated me. The tenants where paying month to month. One side was rented for $650 the other side $700 with a pet. When COVID started the former own...
Hi,
Currently I am having issues with a tenant that hasn’t paid rent since Aug 1st 2020. This person has not been affected by covid and admits (not in writing) that he knows the tenant board is backed up in Ontario a...
Hello everyone. My partners and I have recently started a new company to invest in real estate. At the moment we are looking to buy a multi-family property/apartment building; here is the issue. Being that our company...
I have been doing research on the BRRRR strategy & i always seen to get confused when people talk about the refinancing and getting 75-80% LTV on the ARV. Can someone please help explain this method & provide ...