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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.
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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...
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"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 ...
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What Qualities Should You Look for in a Borrower Before Offering Private Money Loans?
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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...
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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....
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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...
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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...