Alex Tobias
Have you come across rental license fees often?
27 February 2018 | 6 replies
So far, it has not mattered.The annual fee more than doubled 2-3 years ago.I thought that after the Oakland warehouse fire they would do another round of inspections...
Joseph Z.
REAL online real estate brokerage
26 May 2018 | 24 replies
I fully expect with EXP through the revenue share program I'll be working at 100% year round including the low monthly fees and once a year education fee.
Michael Hayes
Using A Virtual Assistant to Generate Buyer Leads
21 March 2018 | 32 replies
Some don't pick up the first round, some ask to call on a future date, etc.
Seth M.
Tenant Mold Complaints Following Abatement - Advice please!
15 May 2018 | 27 replies
I’m checking in to close the loop on how we chose to resolve this issue.To avoid a drawn out eviction and potential lengthy claim process we decided to cut our losses and release all tenants from the lease.We opted to hire an abatement company in Duluth (highly recommended) to do another round of testing, to include removal of drywall in suspect areas.Mold levels weren’t deemed outrageous, but mildly elevated.
Mike Lambert
Line of Credit to Pay Down Mortgage
22 February 2018 | 7 replies
Hypothetical deets (all numbers are rounded):30-yr Mortgage: $280k @ 4.8% Dual net monthly income: $9kTotal monthly expenses: $5k (includes mortgage payment)(Cash Flow: $4k)Plan is to use a Line of Credit (18% APR) and pump $15k into the mortgage every 6 months (conservatively paid off in month 4).Using this approach (per the amortization schedule calculator I have) I will pay off the mortgage in less than 7 years.I will pay around $11k in Credit Line interest (approx. $700 each 6-month iteration), but will reduce my mortgage interest by over $200k!
Patrick Barker
Bank repossessing the houses I was negotiating on
16 January 2019 | 3 replies
An investor in my area had about a dozen properties that were for sale off market, I made my first round of offers on each one and before the seller could counter the agent informed me that the bank was taking back possession of all of them.
Jonathan Yip
30 days on market... next step?
30 July 2018 | 55 replies
Most MLS auto searches are set up at even or rounded numbers.
Ramsey Lee Rodriguez
What are the best books to get me started in real estate?
26 February 2018 | 2 replies
@Ramsey Lee RodriguezHere are a couple book recommendations that give you a well rounded foundation to start your Real Estate Investing adventure.Getting Started in Real EstateThe Book on Rental Property Investing by @Brandon TurnerThe Millionaire Real Estate Investor by Gary KellerMindset and MotivationSet for Life by @Scott TrenchThe Richest Man in Babylon by George ClasonThese are the first 4 books that I read last year when I was just getting started.
Account Closed
My First Deal - $4.4 MILLION AND SELLER FINANCING
10 March 2018 | 83 replies
After rounds of negotiations, I got him down but it still wasn't where I wanted to be.
Allende Hernandez
Buying a condo from a wholeseller?
27 February 2018 | 4 replies
Just find a qualified condo in a building that has a decent amount of units and send a couple rounds of mailers to the owners.