Sam Crochet
how to structure "equity" on a small multi family partnership
Hey everyone,
My friend and I are partnering on a deal in Atlanta where he brings 100% of the up front cash (i.e. 20% down payment and $50K-ish for a rehab) and I find the deal, manage rehab, run numbers, and am the ...
Jocelyn Hinz
Mobile Home Park
I am looking at a potential mobile home park purchase and would love some input on the deal. It has 18 lots sitting on about 3 acres of a 19 acre parcel. Lot rents are $325/month, currently 17 are filled. The sale wou...
Tom Server
repayment of loan with cashflow
So not sure if this makes any differences for tax reason buti was thinking of using my 401k money as a loan towards the down payment for a multifamily rental. I don't plan on opening a LLC .. Could i take any of the ...
Estevan Benavides
Use Syndication for new construction in fill project
Hi everyone,I came across a good property (cluster of 4 lots) that can be reconfigured into 9 SFD lots. I can pick it up for a good price and the city is on board with the development as it was underway with the previ...
Alsee Mccray
Hardmoney and Private Lenders: How to trust them?
A couple of weeks ago I saw an email in my box from a company offering to loan me hard money/private money . After speaking with them and giving them a brief description of my goals, they wanted me to send bank statem...
Cynthia Brooks
Tenant Claims Put Cash rent payment in Rent Drop Box
Hello all,I would appreciate some feedback on this unusual situation concerning my tenant of 3 years. (Background , I own a small 4 family building. I have a rent drop box installed on the inside of the caller door wi...
Ceasar Stinson
Low Balling rental property offers
Hello, trying to see what folks consider a "lowball" offer. I''m considering cash offer 12-15k below asking and trying to refine my offer strategy. I know there are many variables to consider however just trying to se...
Nobuko Morgan
Expenses to write off?
I have recently bought an really old house and my husband who is contractor has been working on the house.We are planning to live in and sell after 2 years.I wonder if any expenses can be written off. Any comments or...
Alexandria Green
HELP!!
Hi guys! Okay so I am a new wholesaler and I found a motivated seller today!! I got her to drop her price from 115 to 105k. This is my first time talking to a seller so I was pretty nervous. We scheduled a time for m...
ROY NAGAL
Finding, using Residential Mortgage Loan Originatos for deals.
Roy Nagal of Vallejo, CA 94591. 12-29-16. When doing deals between the seller of SFRs and the buyer and me (the REI) . . . whether it is a Sub2, Option Assignment, Land Contract, Lease Option, AITD or Seller-Financing...