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Hi everyone, I'm reposting in this forum as I may have had this question in the wrong forum yesterday. I searched the site for an answer on this and found some conflicting info. Looking for a little clarification.My b...
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I am completely new to REI "NEWBIE" ALL THE WAY, so I have my concerns with a lending opportunity. I asked the developer how is he going to secure the loan so that I am guaranteed the return of my principle? I was tol...
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Wanted to see if anyone else on here is doing the same thing when it comes to purchasing multifamily properties. The last 4 properties I have purchased equalling 12 units was all done with private money at 10% interes...
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I'm fairly new to the whole landlord thing and have a general question regarding contact with tenants when using a property manager. How many of you that use a property manager reach out to your tenants anyway and gi...
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Hi BP, I know how important it is to have the right tools to get the job done so I wanted to share a few with the community, and please feel free to add to this list so we can all be more affective. Here they are:
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I have an 11-unit apartment building under contract and my portfolio lender just informed me the appraisal was not good enough to lend upon. She stopped the appraiser before he wrote the report to save costs, but fro...
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48 Units44 - 2/14 - 1/1ASKING: $2.7M Gross: $365,000Net (depreciation added back) $234,000New shingles, new rain gutters, great location next to park, not far from down town, preferable area of town. No current vacanc...
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I hear all the time, mainly from people who aren't professional house flippers, that you can't make money flipping a house listed on MLS. All the good flipping homes come from foreclosures, short sales, etc. I've foun...
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Hi All,My partner and I completed my first fix and flip in Berkeley CA. He is a contractor/investor who has done a few flips and I'm just a guy who is interested in real estate. I studied the market for more than a ye...
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I have a contract to buy a 9 unit deal with Seller financing negotiated and ready to close. Closing attorney called today and said there is an issue with the title. The title insurance carrier, First American Title...