All Forum Posts by: Kyle Mitchell

Hi everyone,

I am just beginning to look into the short term rental market and looking into Arizona.  I know it's dependent on multiple factors but what are the cash flows from short term rentals?  I am thinking of purchasing a 2bed/2bath condo and want to get everyones thoughts.  What are the typical costs of furnishing a unit? 

Thanks,

Kyle

Hi everyone,

I was presented an opportunity to invest out of the country in Nicaragua and I am looking for someone who has experience on new builds outside of the country or who has even invested in Nicaragua.  I know it's a long shot.....the person who approached me has land in Nicaragua and wants to build.  Just looking for some advice.

Thanks,

Kyle Mitchell

Hi everyone,

I'm looking for references for solid trustworthy multifamily brokers in the Detroit Metro area, does anyone have someone they can refer me to?

Thanks,

Kyle

Hey everyone, there wasn't a Meetup for Multifamily Investors so we started our own in Long Beach.  The first one will be on May 8th, here is the link.  We would love for everyone to join!

http://meetu.ps/e/F7xBh/Bd2gR/a

Hi everyone,

Looking for referrals on insurance companies who cover multifamily in Oklahoma City, does anyone have any referrals?  I have a 24 unit I am looking into.

Thanks,

Kyle

Hi everyone, I am looking for a PM company in OKC that manages multifamily.  I have a 24 unit I am looking for help on.

Thanks,

Kyle

Hi everyone,

I need some advice on my personal residence (in California) and an issue I am going through. Long story as short as I can, I purchased this residence about 2 years ago with 4 other people. Each person owns 25% with one of the 25% portions being a husband and wife couple. Unfortunately, the couple went through a nasty divorce which is now final. The husband has gone completely MIA, however he is still paying for his portion of the mortgage. All 5 parties have sign on the loan and mortgage. We originally signed a back of the napkin agreement with one another for 2 years. At the end of 2 years we would discuss what to do with the property. Now that we are coming up on 2 years 4 of the 5 people involved would like to sell. But we cannot get a hold of the nw ex-husband. He is not answering calls, texts or emails and is extremely upset by the divorce and blames everyone in the group. Other than learning my lesson in going in on these kinds of deals, what are my options. Is there a way we can sell the house without his signature? Myself and one of the other partners who owns 25% are the primaries on the mortgage. Anyone have any suggestions or ideas on how we can still sell this house?

Thanks,

Kyle

Hi everyone,

I need some advice on my personal residence (in California) and an issue I am going through. Long story as short as I can, I purchased this residence about 2 years ago with 4 other people. Each person owns 25% with one of the 25% portions being a husband and wife couple. Unfortunately, the couple went through a nasty divorce which is now final. The husband has gone completely MIA, however he is still paying for his portion of the mortgage. All 5 parties have sign on the loan and mortgage. We originally signed a back of the napkin agreement with one another for 2 years. At the end of 2 years we would discuss what to do with the property. Now that we are coming up on 2 years 4 of the 5 people involved would like to sell. But we cannot get a hold of the nw ex-husband. He is not answering calls, texts or emails and is extremely upset by the divorce and blames everyone in the group. Other than learning my lesson in going in on these kinds of deals, what are my options. Is there a way we can sell the house without his signature? Myself and one of the other partners who owns 25% are the primaries on the mortgage. Anyone have any suggestions or ideas on how we can still sell this house?

Thanks,

Kyle

Hi everyone,

When talking with other investors there seems to be a lot of confusion between the definitions of AAR vs IRR. Can everyone please share their best definitions of the two and which metric you share with your investors?

Thanks!

Kyle

Hi everyone,

When talking with other investors there seems to be a lot of confusion between the definitions of AAR vs IRR. Can everyone please share their best definitions of the two and which metric you share with your investors?

Thanks!

Kyle