I am testing the waters of commercial real estate and was wondering if anyone could look over the numbers I currently have available. Here is how I see the deal.
Asking Price- 600,000
# of units- 13
Gross... View more
I need Direction!
All right, I need some help.
I have the opportunity to bid on a property that has been reduced on price about 17.6%. It has been on the market since December. It is a 24 unit apartment complex with a contract with... View more
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agent does not want to give me infor
I asked the agent over the phone what the seller owe, payment, and would the seller carry financing, the agent said she dosent really know,
Then agent email me and tells me that she dosent fell comfortable giving me... View more
Rental Property in Detroit
I was considering investing in Detroit. I was wondering if anybody was familiar with how easy or difficult it is to get and maintain renters on the east side of Detroit? I would be targeting primarily section 8... View more
Originally posted by "all_cash":It sounds like you're confusing two things that have the same name. A tax appraisal is of no value in determining FMV. In TX sales prices are "self reported" and optional so they're of... View more
I am pretty new to investing in RE, but have wanted to do this since I was 12 and have an overall idea of what I want to accomplish as far as buying and renting out.
I currently have an AO on a property... View more
Cash positive rental properties or leveraged debt ?
So I have $200K liquid in the bank (I have my own company) and I earn about $260K a year (before taxes).
By my calculations, if I buy a $250K condo in a well sought after part of the city, and pay it off COMPLETELY in... View more
$16,500 rental - Deal or what?
I'm not good at this rental game as I have one house that I take a loss on already.
But I found this house List priced at 19K then the next day dropped it to 16,5K
This house is currently rented for $350/month.
To... View more
Possible Sub2 deal
I'm looking for help structuring this possible sub2 deal:
$11k mechanics lien via bankrutpcy
$4k back taxes/get mortgage current/moving money for owner
My plan is to buy sub2, rehab... View more
WOULD YOU DO THIS DEAL
Buying 60 single family homes for 2 million with a combined appraisal of all properties adding up to 4.5 million. seller is showing an NOI of 290k. Found a bank that will lend 2.3 million with no money down giving... View more
North NJ REO Deal Questionssss
I am looking to put an offer on a REO property in my town. However, the offer will be much less than the current list price, so I am skeptical about it being accepted.
List: $349900 (way to high in my opinion)
ARV:... View more
Buying in a soft Rental market - does this deal make sense?
I'm looking at my first deal and my broker is telling me the deal makes sense , even though it's cash flow negative... he says (and I agree, with some reservations) it makes sense from an appreciation standpoint.... View more
Own one property, NOW WHAT?
I own a 2 unit double in Kenmore, NY(Buffalo). I purchased the house in 2002 and rent both units. After paying my mortgage I bank an additional $200. My question is this. I'm 30 years old now and would like... View more
Purchase property with tenant/buyer ready
This is a deal I came across. I know the cash flow is pretty thin but look at the back end.
The Tenant is Already in Place! He's just waiting for an Investor to Buy the House. He has $5,000 to pay you as a down... View more
Potential deal on 5-units
I found a property near my home that is in a decent area. I live in an area where cash flow is fairly easy to come by but appreciation is low. The deal consists of two buildings on one parcel of land: a triplex and a... View more
Building for my business
I currently rent about 4000 sf of shop space in a building my uncle owns. He is currently using appr. 8000 sf (4000 shop and 4000 wharehouse) and is looking to sell the building. This building is like 3 buildings in... View more
deal or no deal ?
alright i found an ad from a developer that is selling a 2 family in my area. Now I live in what would be considered an upper middle class neighborhood that is in a booming area with a very nice school district.... ... View more
OK, I need some fresh ideas!!
On a property I sold 10 years ago my buyer (and this is a buyer, not a L/O or subject to) has a "great job opportunity) a couple of hundred miles away and is trying to sell. I agreed that I would re-write his loan with... View more
Commercial Deal - what do you think?
Small office/retail center in growing area of N. Georgia - starting to become more of a tourist center. Site located right across the street from tourist train depot depositing upward of 50,000 visitors per... View more
Need some financing ideas for a 5 plex
Need some financing ideas for a 5 plex
I finally found a property that looks good…so far.
Here is what I know:
5 family building
Property consists of 2 one bedrm units, 1 two bedrm unit, 1 three bedrm unit & 1... View more
Potential Deal, looking for advice
So I have found a property, in a decent middle class neighborhood, the details are as follows:
[list]Property Price: $140,000 (asking price, can negotiate down but for analysis purposes keeping it here)
# of Units:... View more
My family here in California are selling 4 acres that have been split into 4 lots but I can not get a loan due to 4 lots and 3 are just land so I was told I need to get 4 different loans if I want to sell three of the... View more
Please review this cash flow
Please take a look at the cash flow of these 2 garden style condos. They are less than 2 miles from house and in great neighborhood. 2 pools and fitness/clubhouse. The negatives are that the Ardent line item is a... View more
Is This Consider A Good Investment?
Hi guys, I am still a newbie so I need advise on whether do you think this is a good investment or a bad investment. I convert all the currency to US$ instead of Thai Baht because I am currently in Thailand. I... View more