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19 April 2018 | 33 replies
The actual court process takes about 3-4 weeks.If the tenants contest the eviction or otherwise file a legitimate answer to the eviction, then that extends everything out by a couple of weeks while a hearing is scheduled, etc.It's not clear to me why you were so sympathetic to these people at the outset (turning away what could have been a well qualified, long-term tenant?
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4 April 2018 | 2 replies
Ideally (and in future), what you want to see is that after rehab, your Lender's appraisal would come in at say $130k (for this example), so that when you come to Refinance 70% of ARV (per the "BRRRR strategy"), you'd get back all your initial deposit and rehab cost, which would enable you to scale your buys much quicker than having to save your own $20k every time you want to buy.
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21 April 2018 | 14 replies
I believe these are unreasonably inflated but unfortunately, legitimate.
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8 April 2018 | 1 reply
That’s way more than the number you put.You also did not include a legitimate amount for the Purchase Closing costs.So to answer your question I would say no.
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16 April 2018 | 18 replies
There are a lot of "side-hustles", legitimate and questionable, that work to insert themselves in the process to siphon some off some of the value between buyer and seller while creating either dubious value or no value at all.
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19 February 2018 | 2 replies
Technology advancements such as email, phone calls, skype has enabled communication with a remote CPA to be seamless.
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22 February 2018 | 7 replies
Similar thoughts to what everyone above mentioned, it is doubtful any legitimate lender will take a junior lien position.
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22 February 2018 | 5 replies
@Guy YoesIf the room in your house is your principal place of business (and it sounds like that is the case), then traveling to check on the rentals is a legitimate deduction.
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23 February 2018 | 1 reply
Any advise on how to structure a legitimate deal if he continues to pay the note and I provide financing for the rehab?
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3 March 2018 | 11 replies
@Travis BuckNot only the suggestion from @Yonah Weiss and @Paul Caputo is legitimate, it is the ONLY allowable method.