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30 July 2024 | 6 replies
What I've gathered from speaking with the previous owners realtors, is that the husband and wife went through a divorce proceeding back around 2014, the husband agreeing to quit claim the property to the wife, in return for her within 1 year refinancing him off the loan.In a brief conversation with the husband, he seemed to confirm that the quit claim was signed, but by her, because he had given her POA on the house (for which there is public record filed regarding the POA).
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30 July 2024 | 9 replies
The only contact information I had left was Terrance Burner's and when I reached out to him, it started a month's long conversation of me basically begging him to do what they said they would do.
29 July 2024 | 3 replies
You might want to have a conversation with them to remind them of the lease terms and express your concerns about the hookah smoking in the apartment.
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28 July 2024 | 4 replies
Without hearing the conversation its often hard to gauge the objective...she could be fishing for you to pay, she could be venting, she could be complaining thinking you could do something, or she could just be making conversation...who knows!
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29 July 2024 | 6 replies
., you have a specific problem), phone or Zoom conversation is $200/hr, minimum 30 minutes.I do this because there are thousands of you in central Texas and one of me.
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29 July 2024 | 7 replies
Comps when the 2 family conversion are complete are around 650.
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30 July 2024 | 12 replies
The below was something I was using but not sure if this is conversative or not. - Maintenance & Repair: 5% of total rent- Cap ex / utilities: 5% of total rent- Property management: 8~10% of total rent- Misc & reserve: 5% of total rentFull rent: 4800(rent) - 2600(PI) - 800(TI) - 1150(Expense) = $250/mOwner occupied: 3600(rent) - 2600(PI) - 800(TI) - 1150(Expense) = -$950/mOwner occupied & no PM: 3600(rent) - 2600(PI) - 800(TI) - 700(Expense) = -$400/m I thought it would be $0/m if owner occupied although $400/m for myfamily is low enough.
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29 July 2024 | 3 replies
Walk the next property with a GC, have a conversation, and ask questions.
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29 July 2024 | 13 replies
conversions generally don't work great when combined with a cost seg.
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28 July 2024 | 14 replies
I have been doing some research into MF properties and have had some extremely informative conversations with some lenders and agents (Thank you Rick, Jonathan, and Jake).