All Forum Posts by: Herndon Davis
Herndon Davis has started 26 posts and replied 147 times.
Post: South Florida Full Service Title & Legal Companies

- Lender
- Ft. Lauderdale, FL
- Posts 156
- Votes 98
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!
Post: Financing. 5% convention loans.

- Lender
- Ft. Lauderdale, FL
- Posts 156
- Votes 98
Yes depending on the lender.
Post: 8 Advantages of Non-QM Loans/Lenders to Conventional Mortgages

- Lender
- Ft. Lauderdale, FL
- Posts 156
- Votes 98
@Andre Jones yes nationwide. Inbox me details of the deal
Post: What is the deal factor that immediately turns you off of a deal?

- Lender
- Ft. Lauderdale, FL
- Posts 156
- Votes 98
Originally posted by @Austin Sine:
Originally posted by @Herndon Davis:
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!
@Herndon Davis Interesting, thanks for the insight. Total operating exp/total income? What line item do you typically see as inflated on the T-12?
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.
Post: Completed My First BRRRR (With $0 Down) ! + Photos & Details

- Lender
- Ft. Lauderdale, FL
- Posts 156
- Votes 98
This is AMAZING!! CONGRATULATIONS and thank you for sharing and inspiring!!
Post: What is the deal factor that immediately turns you off of a deal?

- Lender
- Ft. Lauderdale, FL
- Posts 156
- Votes 98
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!
Post: Ft. Lauderdale and Broward County REI Market

- Lender
- Ft. Lauderdale, FL
- Posts 156
- Votes 98
@Ricky Solon Yes lets connect
Post: Help me analyze this Syndication Deal -12 Unit Multi-Family

- Lender
- Ft. Lauderdale, FL
- Posts 156
- Votes 98
*This link comes directly from our calculators, based on information input by the member who posted.
Post: House Movers - Raising and Moving a House

- Lender
- Ft. Lauderdale, FL
- Posts 156
- Votes 98
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!
Post: House Movers - Raising and Moving a House

- Lender
- Ft. Lauderdale, FL
- Posts 156
- Votes 98
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!