Steven C. Suarez
Buying my sisters house seller financing?
Hi BP family, I’m considering buying my sister’s house here in Texas because she’s moving to California. I’m getting a pretty good deal at 135k (no agents involved.) She’s in a time crunch and would like to sell quick...
Christopher B.
Down Payment Assistance included in DSCR?
Hi, I am putting together a multi-family deal. I am planning to have part or all of the down payment provided by a private investor, which I will pay interest to, and refinance after a few years, once I add va...
Account Closed
Options for covering asbestos flooring
I need to put a new floor in a rental unit over ugly ceramic tile. Only problem is that the tile was laid over black mastic which contains asbestos. The cost to have it abated is $2250. I am looking for alternat...
Omi C.
Par rates for conventional financing?
How could I independently find out what the par rate is for a particular conventional loan? I know I could just ask the loan officer, however I am trying to trust but verify. :-)
Sastry Konduri
Is this a good purchase?
Hi All RE Gurus,I and my partner are trying to put an offer on a 4-unit in Ohio.Purchase Price : 230KDown payment: 57,500Repairs: 15K(All the units are currently rented. But want to add this)We want to do 15 year mort...
Christina L.
HUD multifamily loans - other than slow processing, worthwhile?
I’m doing some research on multifamily lenders and I learned that HUD offers loans at rates in the 3.5% - 4.4% range for 30 years with a 40 year amortization schedule. Other than the fact that it can take months for t...
Mike M.
Decorum Questions on Letters to Distressed Property Owner?
I found a property in disrepair while driving through my farm area a couple weeks ago. I assumed the property was vacant, but the owner actually appears to still live there. I sent her a basic letter with the "I'm i...
Lennie Holland
What's the best response
DM started and calls are coming in, which is good. Notice to all newbies like myself, Answering the phone all the time is work, it isn't easy and some people are really rude about receiving a letter, which I find odd....
Anthony L.
Understanding these numbers
I picked up a book " The Wall Street Journal Complete Real estate investing guidebook." Looks good so far, but I am trying to wrap my head around some math in here. If anyone could please break this down for me. Whe...
Soup Nikk
Look for feedback on RV park syndication deal
Hey Folks,I am currently evaluating an RV park deal. Needed some guidance on the fees for this kind of real estate and whether the offered pref and LP/GP split actually makes sense or is it too high/low? Please find s...