Ok, here’s what I’m askingIf you are an active real estate investor, how many properties do you do at least a cursory look at for each property you make an offer on? How many offers for each completed deal?If you are...
I was impressed with my sales ability when the candidates for renting my property volunteered to pay 12 months in advance.
Then I was scared when my broker said its a BIG red flag cuz they might want to turn the hous...
I have another one I'd like to discuss. This is 5 mobile homes and one building being remodeled as a storage unit. 4 park owned homes and 1 tenant owned home. The POHs are $800 a month and the TOH is $300/month. Gross...
Has anyone been on the lender side of private money and had a bad experience that they are willing to share? Whether you've lent money for an individual project, or you've invested in some sort of fund / group, I'd li...
Hi BP! My wife and I just reached mutual acceptance on an off market triplex in Tacoma, WA. I would love to hear some community feedback/constructive criticisms you may have. We are purchasing this property with the i...
Okay first the good news. PenFed is really amazing when it comes to HELOCs for a Rental Property. 80% LTV. Very fast response. I applied Friday and heard Monday I was approved, "when do you want the appraisal?". Appra...
We just closed the deal on a 41 unit apartment complex. We got a great deal, but it's rough, really rough.
Can someone help us with advice on how to get this thing running right?
We have 32/41 rented with an avera...
I hate surprises.I have always been told, get to 80% loan to value and you can remove your PMI. I'm there.I call my mortgage servicer and say I'd like to remove my PMI and they say nope! Got to be at 75% LTV! What!? I...
Being a commercial broker, a friend (he is a broker too) recently brought me this property. If this moves forward, this will be my first property. We plan on going in on the investment and operating the property using...
Hi everyone
I'm (hopefully) about to close on my first rental property and I'm really in stupor about what my first steps should be.. The situation is this
This is a 4-unit property (2 duplexes, 2BD 1BT...