Kelsy Soderlund
So I fired the property manager in early March...
10 May 2014 | 4 replies
You may also be able to get the court to force the PM to turn over the other items that haven't been turned over.
Brandon Schlichter
Application fee legalities?
9 May 2014 | 6 replies
I'm not aware of any special items within the municipalities we work in, and it would just be Ohio in general, which I do believe allows non-refundable fees.
David Jonsson
unlicensed activity
4 June 2014 | 131 replies
In other words, if convenience is more important to you than the extra cost of the item over wholesale prices, then you just took advantage of them!
Rafael Floresta
Failed offer analysis, aka how do you help seller understand the real value of their house?
12 May 2014 | 21 replies
You must be real delicate when discussing these items with them so you don't offend, just inform
David K.
Lease Option "protection" for the Tenant
3 June 2015 | 14 replies
You can cloud the title with a - memorandum of option - performance mortgage - see link below. https://www.dropbox.com/s/pni60h5dhdt0xs5/performance%20mortgage.rtf 2. this item makes your lease option invalid - " Our lease option agreement states 1/2 of the monthly rent goes to principle. so $6k over the course of 24 months will be applied to principle."
Mitch Dowler
Homepath 10% Down Investor Purchase No-Brainer!
13 February 2017 | 36 replies
Crunching the numbers I can realize strong positive cash flow and a 16% ROI.I am retired Army and have great success keeping my properties in this area rented to both military and civilians.
Nikolay Voronovich
Looking for co-signer.
15 May 2014 | 6 replies
While an extra $200 a month above your current rent+car payments is certainly achievable for a financially-disciplined person, your actual monthly expenses may be far greater than $2,155.When calculating your monthly housing expense, you also need to account for some of the following items that, as a renter, you do not budget-for, in addition to the $2,155 "base" loan payment:HOA (these can sometimes be several 100's per month, especially in condos)Homeowners' Insurance (this will be several 100's per year)Utilities (some may be covered by your condo HOA)Property Tax (if you don't save for this, you'll be scrambling for cash when the bill arrives)Mortgage Insurance (might be required depending on the size of your down payment) The above factors may be why your bank/lender is only qualifying you for a $1500 per month loan; though you can afford $2200 per month in aggregate, the bank does not want the HOA or County of LA to lien the property due to delinquent HOA payments or Property Tax payments, both of which are senior to the Bank's Paper.
Account Closed
Are condos a nightmare and to be avoided?
15 June 2014 | 11 replies
If the numbers are right and there are other items in the "plus" column it could be worth hanging on.There's really too many unknown variables here to give you a meaningful opinion from here, like: prices, rents, amount of cashflow and equity, your longterm plan...
Steve L.
Running a Home Owners Association?
25 June 2014 | 6 replies
After that is confirmed, figure out what items the HOA is responsible for and what reserves might be needed in the next few years to pay those Capex projects.
Pam N.
Can you always make a tenant pay?
12 May 2014 | 9 replies
So what happens is they will let items (like leaks) occur and just deal with it.