Paul Stern
Transferring prorated rents from seller to buyer
I am about to close on a 24 unit 4 building purchase in Davenport Iowa. Closing should happen sometime between the 1st and the 8th. For those of you who have experienced a closing early in the month, do you have sugge...
Dave G.
Sending a prospecting letter to the owner of a distressed property, tips wanted
Hi. I did some driving around an area I am interested in purchasing in. I found some distressed properties and hunted down the owners from the local city government. These properties are coming under fire from the D...
Taylor Green
Does 50% rule account for future big ticket items?
Hi, I have been reading about the 50% rule and I use it for my rough analysis. My question is: Is he 50% rule enough to cover major expenses if you plan on holding the property for many years (roofing, AC, etc) or do ...
Frank McGovern
Help with 1st deal!!
I am about to get my 1st property under contract. The seller wants $17k. Needs $5k in repairs. A house on the block sold in Dec. (same attributes as the house Im getting under contract) sold for $60k. There are houses...
Tessa Rysztak
Which comes first, the financing or the deal?
I have a logistical question, I cant wrap my head around how this all works. I keep hearing and reading, "If you find the deal, the money will come". So how do you SECURE the deal, while looking for the money? Do y...
Garrett Diegel
LLC Before or After First Property?
We are looking to purchase our first REI property sometime this year. We will be purchasing a property with an investor partner (terms still to be discussed) and want to make sure that the business entity is set up co...
Jason Coleman
Lexington NC Quad 600/month cashflow!!! 105k purchase price
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Lexington.
Purchase price: $105,000
Cash invested: $23,000
Multifamily BRRRR project. Rents currently at 350/unit. With li...
Ryan Toopes
Purchasing a rental in Chicago: regulations and compliance?
Hi,A partner and I will soon be aggressively looking to execute a BRRRR deal in Chicago, but we weren't sure if there were any necessary regulations or forms we needed to complete in order to issue rentals and acquire...
Allan Snow
Owner has a 2 year lease
Not sure if anyone has heard this before but hopefully someone can help me.
This multi family house that I'm interested in buying, the owner occupant has a 2 year lease. I have never heard of a 2 year lease on a rent...
Mark Maire
Should I assume this loan?
Its a 3 BR/1 BA SFR 1100 SQ FT. With detached garage and mother in law suite detached. The loan is at $110,000 with $20,000 in equity. He is renting it out to a friend for $900 but after researching 3 BR homes, the ...