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Results (1,594)
Nathan W. Good cap rate even with high expenses
22 June 2016 | 18 replies
I need to be careful with the details on this one, as I signed a C/A so as such I will ONLY be posting info presented on the publicly available flyer.Details are:City: Flint, MI (it is on Detroit water, not the hosed up Flint system)Water/Sewer are municipalPads: 87 (weird layout of existing homes make the usable pad rate only 85)Park owned homes: 85 (40 or so vacant--it seems this has improved since last year, maybe)Average Lot Rent: $285/monthRoads: AsphaltAsking Price: $525k2013-2015 reported income (per flyer): $212k, $190k, $206kNotwithstanding the obvious math discrepancies of 45*285*12 = $154k (far off the reported income), the really interesting part is the reported expenses for those years at $171k (81%), $166k (87%), and $149k (72%), respectively.So it is obvious that the management leaves a lot to be desired if the actual operating expenses could be cut down to the 30-40% nominal.  
Mike V. A quick update everyone should add to their VRBO rental agreement
8 January 2020 | 28 replies
I explained the situation and the VRBO rep confirmed the discrepancy and said per this policy it's basically on me and they won't help in any way. 
Bill Sonzogni Tear Down and Re-Build 1 Family in NNJ Cost Estimates
5 April 2014 | 9 replies
My only fear with that though is I'm sure the pricing discrepancy for construction between Northern NJ and Atlanta will be pretty significant.
Andrew Merritt Suggestions on Tenants
4 October 2017 | 17 replies
My thoughts are that the tenants will likely discuss their rents and I wouldn't want to have the rent discrepancy be the reason that side A leaves after their lease is up. 
Charles Situ Bedroom conversion without permits. Buy or not buy?
7 July 2020 | 2 replies
But I am looking up the diagram and numbers from county records, and there is a discrepancy.
Richard Warren Sliding Into The Abyss
24 May 2009 | 5 replies
When I owned a piece of property that I paid $250k for and Warren Buffett paid the same amount of property tax on his million dollar home, I realized that there was a serious discrepancy in the state's tax policies.The people will ***** and complain about the state being broke, but when it comes to fixing it, they won't consider the repeal of Prop 13.
Matthew T. Purchasing a tax deed from a tax deed property
20 August 2013 | 11 replies
I was just wondering if this will cause any discrepancies when I get ready to quiet the title.Thanks for your feedback!
Eli M. A tenant with criminal records
8 March 2018 | 32 replies
i really feel like we are one big family.So, after giving it some thoughts and considering all the discrepancies ( his income turned out to be $1600/m instead of $3200/m reported on the application, her income turned out to be $800/m instead of $4000/ reported on the application, they said the rest they make in cash, his previous landlord said he lived there for one year but he told me he lived there for 3 years, plus she has a student loan and his score is 550 and etc.) we decided to pull the plug. as a matter of fact, after i called his landlord he called me back complaining i am questioning and calling his landlord and saying he is not interested in the property any more.....my property is after total brand new renovations in the B/C area (depends on how you evaluate the area)once again, thank you all!!!
David Li Real estate horror story, need some advice
26 February 2022 | 48 replies
They can only add them as according to the Legal Occupancy of the building.If there is a discrepancy between the number of the meters and the units, I go to the buildings department and pull the current Cert of Occupancy myself.Of course this doesn't help you now, but it might help others from getting into your situation.One thing you can potentially do is look at your Contract of Sale, if you have one.Was it done with an Attorney or other professional that has E&O?
Jacob Beg Did I dodge a bullet or was I too suspicious?
3 October 2021 | 52 replies
No, you done good.It's been my experience that the kind of people I want fall over themselves to show me that they're the kind of people I want, and thoroughly and convincingly explain discrepancies in the documents they produce.