Jesse Gomez
Cooperative Lease Option...in Texas
10 April 2014 | 8 replies
We have this on a one page sheet and the buyer signs it.The seller must send an Auth to Release Info to the mtg company so the buyer can verify the house payments are current.The seller must report to the buyer when the mtg payments were made.You can either have the seller e-mail the buyer each month, or use a servicing company or I've had owners create unique logins to their mtg info online and the buyer can check 24/7.There are other small things, such as not withholding a rent credit for a late payment, but that all makes sense.Keep in mind...the law specifically states that ONLY SPECIFIC ITEMS OF THE PROPERTY CODE RELATE TO A LEASE OPTION.Also, the seller must have fee simple title, which is no big deal as that is how we hold title in TX, but you can't (per the law) do a SLO.
David Paul
Need to get a condo off my books
25 July 2014 | 8 replies
Ask those agents what specific items they recommend fixing.Realize that its going to be really hard to come out of this whole.
Emily Snapp
New to BP from Spartanburg, South Carolina.
5 May 2014 | 8 replies
Set up some keywords for specific items you'd like to know more about and you'll get plugged into informative Q and A going back and forth.
Account Closed
Looking for Property Management software for rent controlled buildings
9 April 2012 | 1 reply
I'm looking for property management software can help me track specific items in rent controlled buildings.
Glenn Espinosa
Materials Processing Systems and Overall Tips
21 May 2013 | 2 replies
Will contain the store, SKU and price so that when something is needed, it's quickly determined what the specific item is and where to get it.2.
Marlen Weber
How Cost Segregation Can Save You Money on Your Taxes
10 December 2020 | 3 replies
After considering his purchasing price, we broke down the cost of the appliances, cabinets, counters, blinds and other items.Once we broke the property down into a list of its components, we could look at the depreciation terms for each specific item.
Luke H.
Tenants of 7yrs wants full deposit back.
20 October 2020 | 72 replies
If we are billing time, we have a precise time amount for the specific item.
Kingsley Okwerekwu
What’s your #1 MOST USEFUL tip, for minimizing risk on flips?
2 November 2020 | 13 replies
Make your contractor draws based on the building inspector signing off on specific items--eg rough plumbing, framing, etc.
Lucinda Hamre
Sell or Refinance a Commercial Building?
4 March 2021 | 2 replies
For this specific item, that Advisor would take point in negotiations, and there is no way it would drag on for 18months that's nutz.
Stephen Brown
Self-Doubt & Being Overwhelmed
16 March 2021 | 16 replies
I even have the J Scott book on estimating repairs but I wasn't sure what needs to be repaired and how much that specific item cost (for example, removing wallpaper and replacing it, or knowing if the siding needs repaired, or knowing how much a foundation error may cost to fix.)