Property price $11,000,000, assumable loan (fannie Mae at 3.5%) $8,000,000. Cap rate 9.2%, Occupancy rate 68%. NOI $1,200,000, Location A+.
Now let say I can negotiate half of the 3M and seller finance the rest at ...
Hello All, I’m a newer investor realtor in the Detroit market, and was wondering if you guys had any suggestions on how to refinance a BRRRR without POI? Or is the loan based on rental income not personal/ business in...
I have a leverage question, would you spend $90k to get a property with a $1300 mortgage when comps in the market would be closer to $2200?If I go VA, I could get a similar property for no money down but have that $22...
Hello,
I’m an investor in NY lately I have been Approached to start investing with New Junior investors, but unfortunately I have a partner and an 2 established companies already.
My question is, what direction do I...
As an avid real estate investor in Michigan, I also enjoy snowmobiling just about anywhere there is snow. About two years ago, I planned an 800 mile snowmobiling trip through Ontario, and used some of the then availab...
I would like to buy my first house and rent by the room, living in one of those rooms. I was preapproved in Nov for approximately 400k and this was for a VA loan. My salary is 100k, I have 60k cash, and I'm single.
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I just bought my first property. I was given some advice to put the property under an LLC out of Wyoming as a liability precaution. Anyone hear about this? Pros vs cons? Thanks
What's the most effective way to reach off market property owners about purchasing ? For example; I'm looking in Madison, WI for a four-unit building. There is only 2 options on the market, yet hundreds in the area. 1...
Can I give a tenant written 30 day notice on June 1 (in person or taped to the door) for move-out on June 30? Or does it have to be given before June 1? I'm in AZ.Background: I closed on this 5plex May 10. Sent cer...
Hi everybody! I'm finding it very difficult to get any information about the regulations for short term rentals in Westchester and Ulster Counties in NY. I'm looking at purchasing asap, but just want to be sure that r...