All Forum Posts by: Bruce Clark

@Carl Fischer I have a potential investor who asked about this same arrangement. Is this a common set up? To me 10% per year and also 50% if the sale proceeds seems like a great deal for the investor and not so good for me. Am I thinking about this wrong or missing something?

Sam Lucio I didn't get the property. The realtor told me the seller was eager to sell but she didn't tell me the seller was not realistic on the price. The seller was not willing to finance any of the price and she would not accept my offer of 40k which was the top amount that I was willing to pay. I moved on the the next property and shortly after I found a much better deal that I bought. I have bought several properties since. I still have not had an owner finance any but I always try why I think it makes sense.

Thanks for the advice @Will G.. I appreciate it!

I currently own several single family homes and small multifamilies (duplexes and triplexes). I am preparing to purchase my first larger multifamily property. At this point I am thinking I would like between a 10 and 20 unit property. However, I am just starting my education and research phase.

What websites and online resources are available to locate properties in this category. Obviously realtor.com is of no help with regard to these assets. I regularly follow loopnet, but it clearly does not provide a great selection. Are there other online resources that I should be using?

I currently own several single family homes and small multifamilies (duplexes and triplexes). I am preparing to purchase a larger multifamily property. At this point I am thinking I would like between 10 and 20 unit property. However, I am just starting my education and research phase. 

What websites and online resources are available to locate properties in this category. Obviously realtor.com is of no help with regard to these assets. I regularly follow loopnet, but it clearly does not provide a great selection. Are there other online resources that I should be using?

Was the rent proration and deposit in the contact? If so the title company should definitely include them at closing. If not I understand why they won't include them.

Thank you all for the tips!

This is in a high traffic spot, so I especially like the idea of advertising.

The building really needs something done. It is structurally sound, but it just looks ugly. I wish I had a picture to post, but I don't have one in a format that can be posted here. 

I don't think my question was very clear, but I think @Jeffrey Hotz may have seen where I was going. I know that I can have the brick repointed. My contractor is getting me a price.  However, I suspect that, regardless of how many bids I get, repointing is going to be expensive. What are some other options that will make the side of the building look better? More importantly, what is the most cost effective option that people have used?

I purchased a three story building, which is in a downtown area. On the right side of the building is a small parking lot (5-6 cars) that came with the building. This area use to be another building that was immediately adjacent to my building, but it has been torn down and made into a parking lot. The brick work on that side of my building has very rough/sloppy grout work because, with the previous building being there, it was never intended to be seen. However, now, with the neighboring building gone, it can be seen and it looks terrible. Also, I am concerned (perhaps mistakenly) that the rough grout lines and "unstruck" brick are going to be more susceptible to holding water and cracking from freeze/thaw cycles.

I want to cover or repair this brick. It is a large building, and I want to also be cost effective. I contacted a contractor, and he thinks the least expensive option is going to be to repoint the brick. I am doubtful that he is right, but I am waiting for his estimate.

Has anyone else had this type of issue? What was the best option?