Kyle Hendrix
First Investment Property: $600/mo Cash Flow!!!
11 December 2021 | 12 replies
Without seeing the property it's impossible to know the numbers for these items, but a typical property like this will cost between $5-10k/year in repairs/maintenance and capex alone in my experience, depending on the condition of the property and your intended hold period.
Raj G.
Private lending : Who keeps signed original recorded documents
29 November 2021 | 4 replies
This is not limited to the note and mortgage/DOT but any signed personal guarantee, 1003, all disclosures, and anything else your borrower or closing agent signs.Your lender's instructions, which are typically signed by your borrower and closing agent, should be clear which documents you are to receive as a condition of funding.
Evan O'Brien
Due Diligence Process
27 November 2021 | 1 reply
Starting with high level factors (i.e. demographics) and the go into the granular (condition of property).1.
Jason Wiser
Define "Investment property"? Using 2nd home mort for Air Bnb
4 December 2021 | 15 replies
That said, they told me that the condition to have it "available" is in there to prevent long term renters, even 6 months or seasonal long term.
Ramon E Alvarez
Canadian landlord says tenants need to show a vaccine passport to
3 December 2021 | 11 replies
Sa’d noted that refusing a potential client because of their vaccination status is discrimination.Also, “landlords cannot simply make unilateral changes to the terms of the agreement, which would include imposing proof of vaccination as a condition of the tenancy.”
Heather K.
homeowners insuance on duplex
8 December 2021 | 15 replies
There aren't many weather related losses in NV compared to the high winds, hail and freezing conditions of MN.
Tavis Moore
Accountant(CPA) or Financial Advisor/Planner?
1 December 2021 | 7 replies
Get your feet wet, get some experience, get yourself in stable financial condition then look to grow.
Anthony Mascia
Buyer's agent never went over contingencies with buyer at offer
3 December 2021 | 3 replies
Don't get me wrong: Your agent should explain the terms and conditions and ensure you are comfortable with what you are signing, and they absolutely should make sure all parties understand the timelines, key dates, and deadlines.
Bob Ross
How close does a Comp really need to be?
5 December 2021 | 5 replies
@Bob RossTypically the homes you are using for comps have been renovated (or are at least in pretty good condition) as well, so the price/sqft on those should be close to what yours will be worth when renovated.
Wendy Busa
Wholesaling how to calculate ARV if no rehabs in the area?
2 December 2021 | 1 reply
All homes sold in the last 6 months where sold in the same condition as this property.