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All Forum Posts by: Joe Abughazaleh

Joe Abughazaleh has started 9 posts and replied 125 times.

Post: Make an offer in your LLC or personal name

Joe AbughazalehPosted
  • Investor
  • Las Vegas, NV
  • Posts 130
  • Votes 63

Danny not sure what your referring to making a difference to who? A few years back when the majority of properties were bank owned they had issues with accepting offers from LLC's. Today not many bank owned properties and even it is they're ok with it as long as you can provide operating agreement and articles of incorporation to ensure arms length transaction. For the purpose of staying "anonymous" as possible the LLC is a good idea since its all public record. Hope that helps!

Post: Profit and Loss Statement Advice Needed

Joe AbughazalehPosted
  • Investor
  • Las Vegas, NV
  • Posts 130
  • Votes 63

The website that sounds like pillow that has a z in front has rental manger section that has a decent rental income and expense worksheet you can download for free. 

Post: Welcome gift for a new Tenant?

Joe AbughazalehPosted
  • Investor
  • Las Vegas, NV
  • Posts 130
  • Votes 63

On the topic of gifts I won't do a move in gift but during the holidays I will get tenants like a Panettone bread or something like that. It goes a long way! 

I recently received a flyer for a mortgage broker that does business in CA and NV and these are the terms its stated for Foreign National Program:

-Rates starting at 7.125%

-2nd home & Non owner occupied 

-No Income Verification 

-No Reserves 

-70% LTV

-Passport only to qualify 

-International credit report or letter of good standing with current Financial Institution

- Brokers can charge up to 6 points ( Steep if you ask me) 

Send me a message if you would like me to pass along the companies info.  

Post: Is BBB cost worth it?

Joe AbughazalehPosted
  • Investor
  • Las Vegas, NV
  • Posts 130
  • Votes 63

@Elizabeth Wilson I wouldn’t worry about it as you mentioned its expensive and today’s consumers are getting smarter they’re aware that businesses can pay to have negative information removed and are also realizing that the BBB is a private entity. I’ve met a lot of people that are under the impression that they’re somehow a government entity. 

I’ve seen real estate companies work hard on getting actual reviews from I won’t say the name of it but has red letters and sounds like help. If you have enough reviews and a client googles your business name it’s going to come up. That’s going to be a lot more valuable! 

Post: Baseboards

Joe AbughazalehPosted
  • Investor
  • Las Vegas, NV
  • Posts 130
  • Votes 63

I know this is an old post but might help someone else out. In my experience the lumber yards like Lumber 84 are the cheapest. Big box stores are the most expensive. 

Post: Henderson 2nd largest city in Nevada

Joe AbughazalehPosted
  • Investor
  • Las Vegas, NV
  • Posts 130
  • Votes 63

Great article on the future and current projects happening in Henderson. 

https://www.reviewjournal.com/local/henderson/hend.

..

Post: Is a 4-plex apartment considered residential?

Joe AbughazalehPosted
  • Investor
  • Las Vegas, NV
  • Posts 130
  • Votes 63

Anything over 4 units can be considered commercial.  

Post: How to get list of Notice of default in Las Vegas, NV

Joe AbughazalehPosted
  • Investor
  • Las Vegas, NV
  • Posts 130
  • Votes 63

There's a few different ways there are title companies or private companies that specialize in NOD lists. The private companies that specialize are really nice to use they have great features and more updated info than the title companies sometimes.

Post: Trying to narrow down the MLS selections - where do I start?

Joe AbughazalehPosted
  • Investor
  • Las Vegas, NV
  • Posts 130
  • Votes 63

@Brent Carnduff You could also narrow it down by what type of appreciation he is interested in. Of course you shouldn't guarantee anything but those cool monthly/yearly reports title companies produce you can see the history of what zip codes have the lowest and highest. The higher appreciation zip codes are usually higher priced vs the lower priced.