Real Estate investment articles
News & coaching advice from Kerra Investment Group’s Team
Should I wait for the recession?
We are getting this question often in the past year – should I continue to buy real estate? Or should I wait for the recession? It is not a secret that everyone is talking about the next recession. When will it come? How bad will it be? No one knows… Are we heading...
Should I wait for the recession?
We are getting this question often in the past year – should I continue to buy real estate? Or should I wait for the recession? It is not a secret that everyone is talking about the next recession. When will it come? How bad will it be? No one knows… Are we heading...
Getting the Service YOU deserve…
Getting the service you deserve – sounds obvious, right? It could be if you have the right attitude. I didn’t say you will get the service you expect from day one, but with the right attitude, you will eventually find the right service providers for you and your...
Rehab Execution
Now that we have a plan we can start the execution… The process should be simple – you just follow your plan, right? Well, in theory, yes. But this is a reality show-time. And in reality, how can we say it gently? Things are not what they are in the books. In order...
Rehab Planning
After the celebrations, we knew that we need to place our feet back on the ground and start the rehab. But how do you start a $550,000 rehab of 48 units in 3 buildings, so how we are going to do that? We all know those stories of a rehab project that started with a...
Negotiating the mortgage terms – Finalizing the Terms
Short recap we got a commitment letter that was lower than we expected. Instead of getting $1,950,000 we only got $1,820,000 which means that we will need to come with additional $130,000 for closing. When we understood that the reason for that was they thought that...
Negotiating the mortgage terms – The Crash
The committee was scheduled on a Thursday morning. We were waiting anxiously for the phone/e-mail from the bank that will confirm our mortgage terms. Around 2:00 PM we got the initial call. According to the lender, the committee approved a lower loan for $1,820,000....
Negotiating the mortgage terms – The Solution
So now, we have our first offer from the bank, but we always try to get a better one… In order to challenge the offer, you will need to understand the numbers inside out and provide some proof to the bank that will support your assumptions. For example – in our case,...
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