All Forum Posts by: Herndon Davis

Does anyone have any suggestions for Top notch full service Title Companies in Broward County/Ft. Lauderdale that provide an array of services ranging from standard Title Searches to having a legal team that represents clients in basic Real Estate transactions? 

Ideally they would be able to do the following:

-Title Search/Closing etc. 
-Long term Escrow services (i.e. in Owner financing deals where they disburse PITI)
-Crafting LOIs to purchase real estate  
-Crafting standard Lease and Master Lease Agreements with Options  
-Crafting standard Owner Financing Agreements  
-Crafting and providing guidance on Subject To purchases agreements.

Thanks!







 

Yes depending on the lender.  

@Andre Jones yes nationwide. Inbox me details of the deal

If you look at T-12 and see a lot of one off management expenses and excessive accounting and legal expenses that's a red flag.  That's not to say they are aren't legitmate charges but if you can't make sense for what they are for, specifically and they pop up with semi-regularity, then something is up.  Something else to look out for are utility expenses.  Some landlords refuse to bite cost of splitting meters. As a result they pay all utilities without pushing the cost back onto the tenants in a standard payment.  I once saw one landlord who paid for ALL utilities PLUS cable and internet!!

His expense factor was pushing 42%  ridiculous. Needless to say I wasn't about to touch the deal without finding a way to increase rent or charge a standard rate for utilities without alienating existing tenants.

This is AMAZING!!  CONGRATULATIONS and thank you for sharing and inspiring!!

Operations Cost factor exceeding 28%.  Why is so much of your revenue eaten up by monthly costs ranging into the 30's and 50% range?  When you start digging you realize this may be too much work to undo!

@Ricky Solon Yes lets connect

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Does anyone have experience in raising and moving a house from one lot to another? What is the typical cost? Where do I start?

Thanks!

Does anyone have experience in raising and moving a house from one lot to another? What is the typical cost? Where do I start?

Thanks!