Considering a small apartment complex
I'm evaluating a deal on a very small apartment complex. It's a five unit and the gross rents are $3,025. The desired cash flow is $400 per month (maybe I'm too low here....what are your thoughts?).
The stated... View more
Advice needed on fixing a mistake..
For the group:
I purchased a property a year ago with th help of a third party who sells fixer uppers, provides rehab, helps find tenant to lease purchase house. That... View more
Upside Down Mortgages
I have a couple of deals with upside down mortgages. Other than the following options, what can be done to assist the sellers?
... View more
Real Estate Contract Advice??
Just curious................posted on 10/15 asking for help in doing a real estate contract........
Not a single response from anyone to date? Is there no one on this site that can help-----or did I post this in the... View more
I need advice on transaction. I recently bought a home at auction. It was a great deal and in good shape. A family member was interested so I offered to sell it to them with very little profit. But we later found... View more
What are my options for condo?
I have a condo in Palm Springs. At the time I bought it last year it was a good deal; bo't for $199K, appraised at $245K. I wanted to fix and flip. But I bit off more than I could chew as I already in the middle of... View more
Up in the air - rental or flip
I know my cash flow will not be the best if we rent our first investment property but we are still thinking about it... here's the facts.
Bought it for $12k - fully remodeling it with new roof, paint, windows,... View more
Free & Clear, Help me Steer!
I've got a lady who has a property free and clear. She has a tenant in the property and that tenant wants to buy it. She says that she has been waiting on them to get a loan through the bank but their credit is shot... View more
Anyone sign-on for Investools education? Personally, I think it is pretty much a scam and is very expensive. The information from Investools can be found for free in many places. Have a friend who is looking in to it.... View more
Flip Opportunity: Current owner ran out of money...
Hopefully this is the appropriate place for this post...
I recently met an agent/investor who purchased a home in the historical part of the town I live in with plans to flip it.
... View more
Anyone sign-on for Investools education". Personally, I think it is pretty much a scam and is very expensive. The information from Investools can be found for free in many places. Have friend who is looking it to it.... View more
Discount Rate Higher for Leveraged Deals?
I am looking at two proformas for one investment and noticed the following:
1. The discount rate is 10 percent for an un-leveraged investment on the proforma and yields an IRR of 11 percent.
2. The discount rate is... View more
Rhode Island and Southeastern Mass.
I was looking at buying multiple multi families in this area, however with the credit crunch I am having an issue getting financing.
This is is really bothering me since I have paid all my bills and in full since I... View more
cash on cash rate of return
I know more it better but what are the general spreads on cash on cash return? Also what is IRR?
lease option: option money
if i am going to put an offer on a property with the offer price of 475k what would be the max dollar amount you lease optioners would put down as an option fee
First investment property: need a sanity check
I'm heading toward closing later this month on this property and though I think I've got a decent deal here, a second opinion would be appreciated.
I've found a SFH in a decent neighborhood, 3 br 2 bath, garage has... View more
Help with #'s please
I normally do single fam, so I wanted a quick hand with numbers on a deal I'm considering.
Location and repairs aside, strictly by numbers, what do you guys make of this deal:
Single house, 3 fam:
- 2... View more
I need some new ideas
I am an investor, a realtor, and a developer. The real estate world is changing and I want to stay ahead of it. I need some help breaking out of the box of my old thinking. Hereâ€™s the deal:
I have a new log home... View more
REC Structure Advice
Will someone tell me how to structure note? I'm wrapping two underlying loans totaling 175K....my equity on top is 70K...the interest is 6.5%....I was initially going to carry 3 yrs now thought of 30 yrs for the... View more
Section 8 Potential Deal (Cont'd)
Here are my brokers comments regarding this deal:
I decided to send the previous listing to you. This has all of the information that you may need for this property. Again, I have already spoken with the bank and what... View more
Section 8 Potential Deal
1st shot at a deal on a house in a "War Zone" with the owner behind on payments to the bank. The broker I am working with says the house in valued at $94k and she thinks the bank will take $70k. The house is being... View more
property tax quick question
are they based on the sale price of the house or the market value?
Please advise on rental deal...
Is this a good rental buy???
Purchase price: $20,000 / Market Value $25,000
Yearly Taxes: $34.00 Monthly
P/I: $155.00 (7% at 20yr amortization)
Insurance: $20.00 Monthly
???????: ... View more
I am planning to purchase a Triplex In Camden New Jersey
Hey, Hello people I just had couple of question about purchasing and making some rental income. As I am new to this forum so far I learn so much only in the the few hours that I been in this forum. The question is I am... View more
how to get good offer prices, finding good comps, correct repair estimates, and formulas to crunch the numbers.
I am fairly new but what i have so far in my learning is that u can pretty much find comps anywhere but that doesn't mean there actuate, and as far as estimating in some book and programs they tell u to pick a number,... View more