We had sewer water backed up into a multiplex a couple of weeks ago. Our PM sent a water damage company onsite to extract the standing water on emergency.Later the company called and asked me to sign a contract so the...
For those of you who invest with syndicators, what is your vetting process? Analyzing a deal seems pretty straightforward to me, vetting a syndicator, not so much.
Hey guys,If any of yall have come across my previous post you’ll find that I recently had an offer accepted for a short sale in Cicero, IL. The numbers are as follows.1959 Build Single family home: 3 bed (possible 4),...
I'm looking to invest into a Multi Family Syndication deal and I noticed that the sponsor fees vary from about 1%-3%, depending on the deal. Is that fee usually based on the selling price or do they include rehab mone...
"If you want to fast, go alone. If you want to far, go with others". - African ProverbIt would be extremely helpful to organize a single thread with anyone who has completed at least one multi family syndication and ...
What Qualities Should You Look for in a Borrower Before Offering Private Money Loans?
Hi all. I have a friend who is on an unpaid leave of absence from their day job. They want to invest in an apartment building, but don't have an income during their 3 month leave. Does anyone know what funding sour...
I currently have 10,000 dollars equity in my Truck. My Credit union is willing to loan me 10,000 @ 1.9 %. Can I use this for the 20 percent down payment for a real estate investment loan on a deal I'm looking to buy....
I own one rental, and I’m finally ready to buy my 2nd. I found a 3 bedroom 1 bath in a desirable area. Rent is 850. The home is selling for 95000. It’s a little less than our 1% rule. The home is all updated. Or shoul...
Hi All,I have a rental applicant whom I would like to place in one of my shared housing rentals.We strictly require all applicants to undergo a credit and background check. We feel that performing this step is particu...