We recently closed on our fifth property. For those interested, here is the story and numbers. I would love to hear your thoughts and advice regarding whether to flip or rent.Acquisition:The property is in the same ne...
I am buying my second investment property. It's an old school building that's been converted to a 14 unit apartment building. The property has a positive cash flow. But, the previous owner was seriously under-insured ...
Has anyone done an extension on an open ended loan? I am familiar with the concept, but not so much with the nuts and bolts of how to get it done. I believe there needs to be a new note and security instrument. Not...
I am wondering what everyone's experience is with window units in apartment buildings? This 24 unit has window units built into the siding, not secured in the window so they have it as a more permanent solution. What ...
Hello all! I’ve got a really good potential flip I’ve found that’s got great numbers. However the downpayment for the property is where I need the help of a private lender. I am wondering is it possible to find a pri...
Hey how’s it going I was wondering are there any appraisers or cash buyers who work with wholesalers that truly know the Detroit market, or one vey similar. What people are actually paying in these neighborhoods, and ...
Hi! I am looking to buy a 2-3 unit multifamily in Southern California. Is it realistic to plan to put 3.5% down with an FHA loan? I'm aware of 0% down programs like NACA, but I do not qualify since I already own. I wo...
Of the several property mangers I have there are 2 that do 1099's differently.
One manages 2 properties and does not issue a 1099. Annually I ask and annually they tell me that their owners just use the income from t...
So I’m in the process of doing my first flip this year and I’ve been analyzing deal after the deal & ive been thinking is it really profitable? If I pay $8,000 down for the loan and $17,000 in holding cost & f...
Hello,What parameters should I consider while investing in properties that show construction date to be between prior to 1950? I am worried about unforseen CapEx (2-3 year down the line) which would eat up the cash-fl...