Jeff Ryan
How to - getting started 'guide' - eviction notice for person not on the lease
2 October 2024 | 4 replies
There is some helpful items overall about eviction in this guide from MSU that I recommend you keep on hand as a helpful resource if you're going to self manage, but since the daughter is not on the lease, this guide doesn't directly address that issue.
Steve Ford
Operating Expense Estimates
30 September 2024 | 15 replies
Misc being replacing kitchen items, linens, etc etc.
Ian Wright
Frustration and headaches with modelling
25 September 2024 | 1 reply
I have been playing around with python to build financial models and wanted to get some tips on how to make my models more user friendly and better at solving common pain points.
Miguel Del Mazo
MTR property management
1 October 2024 | 8 replies
Both of those fee structures seems punitively high to me for the MTR model.
Jaiden Young
How Do You Vet Sponsoring Brokers?
2 October 2024 | 5 replies
Even if that one branch is doing well, if the whole firm is upside down, that's not a good business model.
Petya Toncheva
DSCR 1st timer
2 October 2024 | 11 replies
Heres the numbers: Borrower(s)Subject PropertyRate Not Locked 9/30/2024 Sales PriceDown PaymentLoan Amount30 Year FixedContract DepositSeller ConcessionNMLS# $670,000.00$167,500.00$502,500.007.000% $0.00$0.00 Bank Origination Charges Estimated Title / County / State ChargesOrigination Points % $ - Owner's Title Insurance $ 4,415.00Discount Points % 1.500% $ 7,537.50 Lender's Title Insurance $ - Underwriting Fee Title Search $ - Appraisal Fee $ 650.00 Title Services $ - Credit Report Services (1) $ 299.00 Alta 8.1 $ - MERS Fee $ 25.00 Recording & Transfer $ - Flood Certification $ 8.00 Notary $ - Tax Service $ 85.00 Settement Fee $ - VOE Fee $ 150.00 Total $ 4,415.00 Total $ 8,254.50 Prepaid Interest / Items Potential Additional CostsPer Diem Interest 15 Days $ 1,465.63 Rental 1007 $ 250.00Home Insurance $ 1,800.00 New Survey (if applicable) $ -Flood Insurance $ - 2nd Appraisal / Reinspection $ - Total $ 3,265.63 Total $ 250.00 Escrow and/or Property Taxes Due Total Estimated Monthly PaymentsTotal Insurance(s) 3 Months $ 450.00 Principle and Interest $ 3,343.15Property Taxes 4 Months $ 2,868.64 Total Property Taxes $ 717.16Total $ 3,318.64 Total Insurance(s) $ 150.00 HOA / Maintenance $ - Monthly PMI $ - Total $ 4,210.31Total Estimated CostsEstimated Closing Costs $ 12,919.50 Estimated Escrow Prepaids $ 6,584.27 Estimated Funds To Closing $ 187,003.77
Fernando Guzman
Am I Limiting My Wealth?
5 October 2024 | 16 replies
Is there looming capital expense items that could eat up years of your cash flow.3. what about other regions/types of property.4.
Jay Hinrichs
my new rock star client
1 October 2024 | 12 replies
Been doing this model since 2002 over 3,000 funded in 20 states.. and of course I am VERY active in your market ..
Shiloh Lundahl
Looking for helpful advice for coaching
2 October 2024 | 5 replies
This creates a potential passive stream of income and a way to extend the lifespan of your coaching investment which seems awesome for your business model.Example: Ryan Serhant, advocates profit sharing (equity stakes) in deals that his coaches help close which takes you from coach to partner, and a model proven successful.Client View: Positioning yourself as a partner to their operation is a way for the client to understand your investment in their outcomes outside of the dollar signs involved, and shows them that you are coaching them in a way that provides long term success.
Mary Umoh
Advice Needed on Converting Single-Family Home Zoned RM-1 to Multifamily in Philly
30 September 2024 | 8 replies
My examples just happen to be two items that kill many of these conversions after the zoning permit is issued so best to verify what obstacles if any exist early on.