Trying to get the correct understanding of this process. I want to do a 3yr with 3.5% down and $100/month rental credit.My main question is what happens at the end of the 3 yr period. I am under the impression that th...
Hi fellow investors. I was evaluating a 88 unit complex and based on T12 financials it runs 69% expense ratio. Based on the actuals it is worth $4.2mm.Now the property doesn't have a listed price and they are looking ...
Hi everyone! I found a duplex in the Cleveland area that is listed for 85K and rents come out to around 2k/month. I would like to use a DSCR loan, but I've heard that you can't use DSCR loans at that price point. Is t...
I'm considering making an offer on a vacant, absentee-owner unit in Destin to use as a vacation rental. It's in a complex that is mostly used for STR/vacation rentals. I'd like to get owner financing (and am told that...
Hey all. My dream has always been to get into commercial development and recently, I have found a developer/mentor whom I am doing my first multifamily deal with. The developer is giving me an opportunity to partner w...
I would like to know if the delinquent property tax would be reported on one's credit report. Does anyone know how much the redemption penalty and fee are in CA?
Thanks
As an investor in a couple of Jorge Newberry’s note funds, I came across one of his newer ventures: preREO. I’ve heard him speak briefly about this on a podcast or two and am signed up to attend a webinar with them l...
Looking for hard money or private money lenders to provide a bridge loan for the purchase of a $45k rental property in SC while we get our funding in place. I will be taking a 401k loan to pay off the lender, but need...
How do I keep assignment fee disclosed from Investor? Let's say 150,000 house, i mark it down to 40k, and i want to sell to investor for 75k, how can I do this without him changing his mind about closing the deal, it'...
So I have been driving myself nuts working on the duplex I "house hacked" before I knew it had a name. New kitchen, dealing with tenants schedule, changing the new stove from gas to propane, ect. I owe $150k. The most...