Steven Sprague
What should I do while waiting on probate to close?(first deal)
Just a little bit of the backstory… I work for a pest control company in Jacksonville Florida and we were called in to take care of a rodent infestation at a customers house whom his father had just passed away. The ...
Shane Edwards
Creative Financing for Self-Directed IRA
Hello,I have heard of several ways to use my personal 401(k) for creative financing. I'm thinking of transferring my previous employer 401(k)(quit my W2 job last month) to a Self Directed IRA to use these funds to Fix...
Robert Walden
How to purchase a property that's listed for auction?
In this seller's market, I see a great number of distressed properties going for auction rather than a straight sale. I suspect people will likely bid them up higher than they're worth, especially considering repairs ...
Joe S.
The highest and best offer game.
The highest and best offer game. So we made an offer on a property. They took several days and then sent out an email that there were multiple offers and please submit our highest and best. We have seen that game seve...
Samantha Griffin
Can I choose to terminate a M2M tenant to renovate?
Hi all, I am a new investor, no deals done. I’m looking at a multi family in Phoenix Arizona area. 2 units come vacant, 2 with month to month tenants. I want the property vacant so I can fix up all units and charge mo...
Marco Campos
Analyze my first Apartment Building deal
Looking for feedback on the possible deal below.This property is in a B to B+ Neighborhood.13 Unit $490,000 (loan would be 5.5%, 10 Yr, 25 Yr amortization w/20% down)9- 2 Bdr and 4 1-Bdr (2 bd apts range from $700-750...
Emzie Blankenship
Starting an LLC with a Friend to Invest Into Rentals?
Come tax returns I should have around $5-7k, I have a friend who has been saving as well. We've talked on multiple occasions about rental properties. The idea of the LLC would be so we have equal ownership of the LLCs...
Account Closed
What percentage can I expect to put down?
I’m loooking at purchasing a small multi-family (3 unit) brownstone in Brooklyn for around 1.5 million. I plan on moving into it and renovating and renting the other units out. I am just starting discussions with mort...
Justin Willmon
Looking into renting main home.
Hey Everyone, So I currently own a home that I have had some people interested in renting out. Its about 1500 sq ft and a 3 bedroom, 2 bath that has been completely renovated. My mortgage each month is $975.00. Im loo...
Tom Shelby
Sell out and go big?
So I own two 3 family properties that i currently have about 200k and 150k in equity in and I'm trying to decide what is the best step to take next. I have a few ideas...1. Sell both properties to yank out the equity...