Remo F.
Portfolio Manager keeps asking for annual financial statement
I have a Commerical loan which was taken out to purchase a mixed use property. I've had it for 1 year.
A portfolio manager from the lender reached out asking me to provide a financial statement for the previous year....
Steven L.
50% Rule - Quick question
Hi - For 1st pass analysis on 2-4 units when estimating expenses and the 50% rule. Does 50% typically account for EVERYTHING? Taxes, Insurance, Utilities, Repairs....we will leave management fee out of the calcula...
Account Closed
Suggestions for a noob.
Hi everyone, I'm just starting.. fresh out of the oven. I need suggestions for turnkey markets and, if possible, refer some names of good companies to buy from.I live in CA and can't afford properties over here as ren...
Matt Greer
I need an investment friendly agent in Fayetteville, NC
I'm starting out in REI and am need of an agent who can help me both buy and sell properties. Does anyone have recommendations for an or is an agent that can provide me with good comps going into a deal to help me ana...
Xavier Longwa
Advice on Double dipping and rolling costs into the loan.
Can You wholesale a property and still get in on the fix and flip legally? Say by wholesaling to a partner, family etc.. Also, is it legal to get more money from a hard money lender (or PI) for a deal than what's "nee...
Celena Lathrop
RE Lawyer for Partnership Austin, TX
My fiance and I are starting the process of establishing a partnership in Real Estate. He already owns two rental properties, which I co-manage with him. Within a couple of months, we intend to purchase our first inve...
Tim Allard
Looking for Accountant recommendations.
Does anyone know of any tax professionals in Vermont that they would recommend for someone that is getting into rental properties, but is also a small business owner? Any recommendations would be appreciated.
Account Closed
First Potential Flip
Hello, I’ll be moving to the NJ area soon and getting ready to take my Real Estate Exam. In the meantime, I’ve been looking at properties I’d like to flip. This is a beautiful 1 bed 2 bath in NJ that I believe would b...
Nina Liu
Considerations for switching from radiators to PTAC units
Hi all, I have a 30 unit motel that runs on oil heat. We have ~350 sq ft studios with one radiator in the main room and one in bathroom. In an effort to use less oil, I am switching to PTAC units that include heat and...
Mike Schorah
If you’re doing a JV, do you apply for HML separate or together?
If you’re doing a joint venture, do you apply for the hard money loan separate or together? And why?