21 June 2013 | 6 replies
I have been fortunate enough to have a nice amount of cash to put substantial "skin in the game".
13 August 2013 | 8 replies
Now, if the property was in poor condition and you were getting a killer deal, and you were planning to rehab it and increase rents substantially.... that's a different story, but it sounds like this is a stabilized, nicely-performing property.If you don't mind sharing, these are basic questions that can help determine attractiveness of the deal and whether there might be room in the cash flow to increase the LTV or ask for partial seller-financing.* What is the purchase price* Is there any deferred maintenance (sizable capital expenditures that need to be taken care of either immediately or in the next two years)* What is the current assessed value, and what is your local tax assessment rate (1% to 3% of assessed value per year is the typical range)* What are the gross monthly rents of the property* Are the current rents at "market"* How long have the tenants been living there, and were any inducements provided to the tenants (1st month free rent, etc.)* Will you use a property management company* Does the landlord pay any utilities (water, gas, or electric) for the units.
4 December 2013 | 38 replies
Another third won't be interested in buying or selling within 5 years, but use them as centers of influence and for leads to others they know.
2 February 2016 | 13 replies
We have remaining VA entitlement and have thought about pursuing a new primary, but again we would need to qualify for that mortgage as well, which would be substantially higher than the rentals.
5 July 2013 | 23 replies
And, no small benefit, I have the cash in hand for both a sizable down payment and substantial liquidity post-closing.My advice to you is to find a solid deal, know your numbers inside and out, and be honest with the lender.
10 July 2013 | 15 replies
Borrowers have no control, influence or say so regarding the sale of loan which they are the debtor.
5 November 2014 | 5 replies
Of all the tips there are for landlords, the way you treat people is probably the most important one that will have the greatest influence on your success.
13 July 2013 | 13 replies
Later on, after you have the basics you can become a world known economist and develop new methods, gain influence and change the way the world communicates in business.
10 July 2013 | 4 replies
Facts, not assumptions, influence investors.Did you recently read the Department of Defense furloughs is equal to a 20 percent reduction in pay for those people?
11 July 2013 | 6 replies
The creditability of your work will influence your future.I hope this helps.