All Forum Posts by: Tony Sepassi

Hi Brandon,

How are the tenants? Do they pay on time?  I have been to Cleveland in 2015 looking for multiunits but I was concert about the economy.  I went to downtown and most of the stores were closed.   Seems Columbus is having more than Cleveland.

Fay story is inspirational and she should stick to the formula that is working for her.  For the ones saying to buy a bigger property like an apartment , from the calculations I done it seems the return on dozen homes are more than an apartment building as far as cap rate is concerned.  

Sure there are pro and cons to both sides but for now the way she is going it's definitely working for her. 

Im thinking the same too. Thanks 

Hello,

I was hoping someone may help me with this question. 

My brother and I own a house and he wants his name off the deed and to only have my name on it ,so we are going to do the quit claim deed since there are no mortgage or lien on the property. But will there be a recordation tax for transferring to a family member ?  Loudoun county requires we put the taxation code on

The quit claim deed but they wouldn't know the code  

Thanks

Tony 

sounds like a good idea. Count me in 

That is true. Once interest rates go up then less competition. 

But I don't think they are investors. Maybe buyers that actually want to move in. Because they bid the price up and then there is hardly any profit left. 

Hello,

Is it just me or are you guys feeling the competition for bidding on a rehab?

Had one property which had 44 offers on it and another 20 offers. It reminds me of summer 2005.

I'm thinking we will see a crash in a year or two?  Are there other areas which is easier to flip?

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