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30 June 2024 | 5 replies
You don't write up a letter to the tenant unless you want rocks down your toilet.
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1 July 2024 | 14 replies
if you think it's expensive to hire a professional, wait until you hire an amateur," ---Red AdairBest to you!
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2 July 2024 | 108 replies
If they can't stomach the fact that I will make money assigning a contract they can kick the rocks and sell their dilapidated junk on their own.
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30 June 2024 | 12 replies
I'd be worried if people were coming to the home for his business, but if he's simply using the address (same as a PO Box, though to me that would send up a red flag for a business to have a Box #) I wouldn't worry about it.
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29 June 2024 | 27 replies
I have typically done 3 color schemes in my rentals (ceiling Lowe’s Maintenance Paint, walls S-W On the Rocks, trim S-W Pure White).
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28 June 2024 | 6 replies
@Steven Moore there's a lot of red flags with this deal.Why hasn't the seller raised rents?
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28 June 2024 | 3 replies
Not as the red-headed stepchild in the real estate industry.
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29 June 2024 | 8 replies
This time the handwritten letter is in red ink: "Hey mon I tried several times to reach out.
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1 July 2024 | 27 replies
I've caught so many red flags this way for my clients.
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27 June 2024 | 14 replies
Below are the details of each property, including purchase price, current estimate, and equity, along with their respective cash flows:Home 1 - Condo, (2 BR, 2 Bth) Fayetteville,NC- Purchase price $50,000 - Current Estimate $75,000, loan amount 0 = Equity $75,000Cash flow - Rent - $825, PM Fees $75, HOA Fee $100, HOA Assessment $163, Taxes $50, Ins $25, Loan Pmt $0 = Cash Flow $412Home 2 - Condo (3 Br, 2 Bth) Fayetteville,NC- Purchase price $89,000 - Current Estimate $155,000, loan amount 0 = Equity $155,000Cash flow - Rent - $1250, PM Fees $112.5, HOA Fee $231, Taxes $90, Ins $30, Loan Pmt $0 = Cash Flow $786Home 3 - SFH (3 br, 2 Bth) Little Rock, Ar - Purchase price $189,000 - Current Estimate $300,000, loan amount $85,000 = Equity $215,000Cash flow - Rent - $1500, PM Fees $150, Taxes $269, Ins $156, Loan Pmt $766 = Cash Flow $159Home 4 - SFH (3br, 2 Bth) Abilene,TX - Purchase price $225,000 - Current Estimate $315,000, loan amount $51,600 = Equity $265,000Cash flow - Rent - $1850, PM Fees $185, Taxes $583, Ins $145, Loan Pmt $1400 (0 Interest) = Cash Flow -$463Total Equity = $710,000Total Cash Flow = $894Sell, Sell with 1031 exchange, Cashout Refinance, HELOC'S...Too many options, i don't know what to do.