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...
Account Closed
Including property managers first month take in analysis
I'm learning that it's typical for property management companies to keep the first month's rent as a fee after placing a new tenant in the property. Yet it doesn't seem like I ever see that figured in the breakdow...
Benjamin Riehle
Another BRRRR Strategy Success
Whats up, BP? It’s been a while since I have talked about one specific deal, but this was a huge win for an out of state investor, who is a longtime client and friend. We take great pride in taking problematic propert...
Joel Parker
Should I Sell or Rent?
Hello everyone. I will be moving out of my personal home in another year in order to avoid capital gains tax if I decide to sell the property after the two year window. I am currently trying to decide if I should sell...
JT Marlin
Buying future retirement home in self directed IRA
If I were to buy a future retirement home in a SD IRA, is there anyway for me to take ownership of the home without taking the entire distribution in the year I were to move into the home? For example, if after I t...