Kindrell Hutchinson
Closing on a owner financing deal!!! (3 properties)
Hello,I am a new investor. I am currently 2 weeks away from potentially closing on 3 properties using owner financing (I am the buyer). The terms of the contract is all 3 properties listed for $278K, with 45K down, 30...
Chan K.
Buying - Multifamily - Rental Transfer
Hi BPer,I am in the process of closing a 6-Unit multifamily. I would like to seek your opinion on the following scenario:The seller won't share any tenant information with me, except the name of each tenant for all 6-...
Kim Hopkins
Electronic Distributions to Investors
Hello!
It seems like this answer should be out there everywhere, but I searched Google and the BP forums and can't find it..
We have a few investors in our deals. We want to be able to send them their distributions ...
James Johner
Duplex Development - Jacksonville, NC
Hello all. Wanted to share our latest Duplex development in Jacksonville, NC. This duplex will be complete mid-spring and will offer a solid class B living space with a class A feel. With engineered hardwood floors, w...
Dennis Johnson
Syndicating Multifamily Deals
When doing a syndicatied deal is there a min or max to raise or would it be based on the property your trying to purchase (ie a deal under a milllion dollars). Also the initial funds like earnest money etc. where do...
Rich Ferradino
First Mobile Home Park Under Contact
I just put a 10 pad MHP on contract in South San Antonio. There are 9 Mobile Homes which are mostly 1990s, and only 4 are currently rented for a total of $2650/mo, 3 vacant,the remaining 2 need to be repaired, and the...
Emeric Harney
NC state closing fees
Hi all!
Just got a great deal on a place in Raleigh, NC, cash buy. Just got a quote from the RE agents recommended law firm and I’m looking at nearly 3500 in closing costs, more than half of which go to the attorneys...
Robert Setliff
Is new better
Is purchasing a brand new unit better than purchasing an older unit that may cash flow better? I am wondering if not having to worry about maintenance costs, upgrades to units, etc. would outweigh the difference in ca...
Wendell De Guzman
How To Get Real "FAT" Wholesale Deals
As a wholesaler and private money lender, getting "real" wholesale deals is crucial. Let me give you an example of a recent wholesale deal that I just closed yesterday.
House has been appraised for $350,000. ...
Kevin L.
Using Hard Money
I was just wondering if hard money lenders will usually give a pre-approval letter so you dont have to run to them every time you want to put an offer in. I know each deal is based on the numbers, I was just wondering...