All Forum Posts by: Tuan Le

I would use the concept of leveraging. Put 20% down and loan the rest. Use the same method for the next property. Rinse and repeat. You technically could get 5 properties instead of 1!

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Thanks for the clarification! @Kimberly Dawson @Alexander Merritt

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Originally posted by @Bill Gulley:

I don't think the disclosure needs to be made as to a dollar value to an expected price, how would know, you could give an estimate and say more or less. These disclosures are a good idea, especially when you are buying but in any sale where there is a distressed sale.

I suggest you ask your broker for the specific disclosure if you have a license.

You said instructor, so I assume you're not past the exam yet, you aren't a licensee and you have no disclosure requirement, yet.

Just because you might say "Mr. Jones, in the right market conditions, where there might be a willing and able buyer, having sufficient knowledge of the property and market, where bot of you deal in good faith, after having this property exposed in the market for a sufficient period of time, with consideration being paid in its cash equivalent it is then possible that this property might sell for $100,000.00, but my signing below, you are agreeing to sell today, without any other conditions being required for $75,000.00"

What's so hard about that? :)

I just got my license last month but it's still in inactive state. I'm still in the process of finding a broker.

But that is a good way to disclose the situation! Thanks!

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@Account Closed What is CAPEX?

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I think it depends on the condition of the property.

For my first buy and hold, I also factored in:
Vacancy: 10% of rent
Repairs: 10% of rent
Property Management fee: 10% of rent

Although, I currently do my own property management, I still put that as an expense in case I don't want to manage it anymore in the future.

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Awesome! This is a great tool!

Thanks for sharing @Jon Holdman

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In Texas, when we buy or sell a property we must disclose that we're a licensed real estate agent.

I was also told by one of my instructors that if a seller wants to sell their property for under what it's worth, as a licensed buyer we must disclose the potential value of the property. Ex. Buying a 75k house worth 100k.

Any licensed real estate investors experienced a situation like this? How do you document that you have disclosed this to the seller?

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All Forum Posts by: Tuan Le

Tuan Le has started 6 posts and replied 123 times.

Post: First Flip Completed (Video, Numbers, Lessons, & our First Wholesale Deal)

Post: I love property management and I'm not kidding. Who else gets to deal with this in their regular day? Oh BTW is a duck a "pet"?

Post: Cash first or finance first?

Post: Cash first or finance first?

Post: Best Way To Calculate Landlord Fees and Determine True Cash Flow?

Post: Licensed buyer disclosures with a motivated seller

Post: Best Way To Calculate Landlord Fees and Determine True Cash Flow?

Post: Best Way To Calculate Landlord Fees and Determine True Cash Flow?

Post: Online tool with zip code based demographic info

Post: Licensed buyer disclosures with a motivated seller