I just purchased a 52 Unit apartment complex for $1,975,000. I put 20% cash down and got a 7 year fixed rate of 4.55% amortized over 25 years from my bank with .25 origination and receive approx. net cash flow of $6,...
I recently purchased a building with pre-existing tenants on section 8 living in one of the units. They did not have a lease so they signed a new one when I purchased the building. They had recently moved into this un...
Have anyone done business with Mikyle Jessen (http://www.linkedin.com/pub/mikyle-jessen/29/376/333) from Midwest Corporate Credit, Inc?
They provide unsecured business line of credit.(http://midwestcorporatecredit.c...
Should a contractor receive 75% up front or should they be paid in smaller increments?
Accepted an applicant and received a non-refundable Holding Interest Deposit for my rental. I asked if he would consider a two years lease and he said he would after he inspect the maintenance repairs. He did an inter...
Has any rehabber used a self directed IRA for rehabbing houses? How do you handle the profit. Does it have to go back into the IRA which would seem to defeat the purpose as you couldn't make any money to live off. If ...
Withdrawing 401K entails a 20% tax cut and 10% penalty fee but I want to use it to being my real estate journey and exit my 8-5 in the next 2 years. Any thoughts if this is a good plan?
Hey everyone, I finally was able to put my deal under contract (again) and we are scheduled to close on May 6. Even though I feel happy about the outcome, I could have done a better job with the design of the flip whi...
I am ready to purchase a condo that I am going to renovate and then flip. The seller is insisting that I pay them in actual, physical, cash.
Is this something that can be done? If so, how?
Thanks in a...