Colton Sibley
My first deal deal on a quad 9.5 cap ( thoughts and suggestions)
8 August 2017 | 10 replies
Current Rents (Under Market Value): 2 units at 450 and 2 units at 475 ** Market value is 525He has escalation clause for 2018 for a $25 increase across all units for monthly rent.Yearly Income: 1850 x12= 22,000/ YRExpenses (yearly):Water/sewer: $1800Garbage: $480Lawn Maintence: $350Taxes: $1667Insurance: $1137Total: $5,434/ YearNet Income: $16,766I cannot recieve conventional Financing until February due to my job.
Page Huyette
Purchasing a commercial property through sellers existing LLC
2 September 2016 | 7 replies
-I would also get a very experienced corp attorney to write a very detailed operating agreement where you clearly define what the roles of the people involved are (i.e. the person remaining in the llc doesnt recieve any profits)All in all this is something that is quote common in M&A (utilizing a stock sale rather than an asset sale) but in those cases there are clear advantages.
Eric Giovannucci
Need to remove VA Loan from rental
24 November 2015 | 4 replies
Soon after purchasing I recieved orders moving me to California.
Corby Goade
Delayed Financing Cash Out
13 July 2016 | 16 replies
The quotes I've recieved in the last couple days are around 5-5.25%, is that the going rate for this product?
Richard Freedkin
Rarely or NEVER in this market trust an appraisal... here is why
23 April 2009 | 5 replies
I cant tell you how many time a coaching student has come to me with a "Great Deal" that they just got from a seller pointing out that the have an appraisal that is very recent lets say for $1,000,000.00... the stuudent thinks they have a great deal based on a discount that they just recieved down to $700,000.00.
Willem Muller
Do you still use voicemail? Do you think there's a better alternative?
5 June 2015 | 9 replies
You can have the app on your phone and make/recieve calls from it, send text messages, block numbers, etc.. just like a normal phone but it will show as the google voice number not your personal number.
Soheb Momin
Help with inherited house
8 May 2018 | 2 replies
There is a will and I have already probated the estate and recieved letters testamentary.Not to get a lower interest rate.
Luis Capriles
Financing options
28 September 2015 | 8 replies
The general recommendation I recieved was to get owner financing for the first year or two, season it and then refi it into a conventional 80-85% LTV down loan.Good Luck!
Samuel Chua
What happens if I fail to pay the mortgage for my property
3 April 2019 | 14 replies
Also if you are buying a rental your mortgage interest is an expense that is deducted from the income you recieve.
Jeff Green
Looking for investor friendly title company in Conroe, TX
20 March 2015 | 19 replies
Driggs will prepare "Blind HUDs" where the seller and buyer each recieve a HUD statement that only has their part of the transaction on it so the assignment fee will only show on the end buyer's side, not on the seller's side.