Results for ‘Buying’ category

When to order the appraisal

Recently, the question of when to order the appraisal has caused problems for us on two deals, so I thought I would address it here. Just so everyone is clear on what we’re talking about: When you use a loan to buy a building, the bank requires an appraisal be conducted. Depending on the size

A great real estate story

One of our agents just bought his first apartment building, it’s an awesome story, and I thought I’d share it with you. When David Brundige came to work with us a few years ago, I knew he was exceptionally smart and entrepreneurial, since we had gone to college together. On the other hand, he knew

Seeing the big picture

One of my agents is working with a client on an interesting deal and running into a problem. The building itself is great – big, recently built, non-rent control, in an improving area, fair price. The problem is that the current owners don’t have their act together. Missing leases, conflicting estoppels, deferred maintenance issues. None

The economics of buying a home in an improving neighborhood

You can now get regular¬†financing on a house under $419,000 for up to 95% of the purchase price. These aren’t FHA loans with high mortgage insurance payments; they’re relatively standard bank loans. Thought I’d run the numbers on a standard, $350k house in an up-and-coming neighborhood to determine if it makes sense for renters to

The gestation of an idea

I spend a lot of my time kind of aimlessly drifting. It’s pretty weird that I do this; I think most business people are much more focused than I am on a day-to-day basis. What I do is read a whole bunch of stuff and talk to people. I’m not necessarily specifically looking for an

Page 19 of 58« First...10...1718192021...304050...Last »