Leslie Ray
Purchasing A Multi Family Apt Building With A Partner
Let me preface this by saying, we have an appointment with an attorney to ask these questions as well but wanted to reach out to the group for your thoughts/ suggestions...... My partner and I have been thinking about...
Bob Mueller Jr.
30-Day Min Strategies on AirBnb/VRBO?
Bought a second home/primary residence in Tierra Verde, FL about 3 months ago and was planning to do STR May-Oct (6 Months) and live in it myself Nov-April. HOA had no restrictions when I bought, which is one reason ...
Nick Brown
Broker providing different cap rates. Which to underwrite with?
Hey!I'm trying to underwrite some properties and a broker often sends info like this:Currently 65% Occupied. The Projected Net Annual Operating Income at 100% Occupancy with units leased at market rates is $109,500 ...
Michael Calderaro
Common Area Laundry Rooms - problems or amenity?
First, why did I post this blog in this forum? Because gentle readers, a laundry vendor is a commercial tenant. And the reason they are commercial tenants is because if you signed a contract, as it is called, it re...
William Orrock
Assist Protection, Insurence isn’t enough?
I went to an investor meet up and we met with a lawyer who was telling us that regular Insurence is not enough. He said that you want to have an LLC to protect your assets in case something was to happen related or n...
Grace Donahue
LLCs and Utility Payment
Hey guys,My dad and I were wondering what we should do when it comes to LLC's and Utility payments. Should we have a one LLC to one property ratio or would it be better to have multiple properties under a few LLC's? A...
Vlad Kuzin
Broker vs Managing Broker
I am just starting as real estate investor, and only had few deals done. I am looking for freedom to access MLS information and have MLS key to see properties, so I am thinking to get license.
Since I live in Seattl...
Chris Bynion
Renovate To Rent On HGTV
I'm on vacation this week and caught a new show on HGTV called Renovate To Rent. It's about a couple of young guys, one a RE agent and the other a GC, who buy distressed properties, renovate them to a condition above ...
Sean Price
This is supposed to be a good deal, but the numbers don't work
I found this 6 unit multifamily. Here are the numbers:Monthly income: $5450Yearly income: $65,400Total reported expenses: $22,900 for the yearNOI: $42,510. He is asking $425,000 for the property which puts it rig...
Anthony Howell
Best Deal vs. Worst Deal
I thought it would be fun to hear some of your guys' best deals and worst deals. I'm just starting out so I am trying to learn as much as possible. In my research I have learned that a borrowers biggest motivator to c...