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14 March 2013 | 32 replies
Double and triple check for leaks/drips/etc. 5.)
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27 June 2014 | 6 replies
For all concerned.Acronyms*REI Abbreviations**AFD* - Agreement For Deed*AITD* - All Inclusive Trust Deed*APR* - Annual Percentage Rate*ARM* - Adjustable Rate Mortgage*ARV* - After-Repaired Value*ATR* - Ability to Repay - See CFPB*BOM* - Back On Market*BOR* - Board of Realtors*CAD* - County Appraisal District*Cap* - Capitalization*CCIM* - Certified Commercial Investment Member*CCR* - Conditions, Covenants, and Restrictions*CFD* - Contract for Deed*CFPB* - Consumer Finance Protection Bureau - See ATR*CLTV* - Combined Loan To Value*CMA* - Comparative Market Analysis*COCR* - Cash on Cash Return*COF* - Cost of Funds*COO* - Certificate of Occupancy*CRB* - Certified Residential Broker*CRE* - Creative Real Estate*CRS* - Certified Residential Specialist*DBA* - Doing Business As*DCR* - Debt Coverage Ratio*DOS* - Due On Sale Clause*DOT* - Deed of Trust*DSCR* - Debt Service Coverage Ratio*FCRA* - Fair Credit Reporting Act*FED* - Created the CFPB*FFE* - Furniture, Fixture, and Equipment*FHA* - Federal Housing Administration*FHLMC* - Federal Home Loan Mortgage Corporation, Freddie Mac*FMR* - Fair Market Rent*FMV* - Fair Market Value*FNMA* - Federal National Mortage Association, Fannie Mae*FRBO* - For Rent by Owner*FSBO* - For Sale by Owner*GMAC* - General Motors Acceptance Corporation*GRM* - Gross Rent Multiplier*HELOC* - Home Equity Line of Credit*HML* - Hard Money Lender*HOA* - Homeowners Association*HUD* - Housing and Urban Development*HVAC* - Heating, Ventilation and Air Conditioning*IRA* - Individual Retirement Account*IRC* - Internal Revenue Code*IRR* - Internal Rate of Return*IRS* - Internal Revenue Service*L/O* - Lease Option*L/P* - Lease Purchase*L/S* - Landlord Seller*LIBOR* - London Interbank Offering Rate*LLC* - Limited Liability Company*LOC* - Line of Credit*LOI* - Letter of Intent*LP* - Limited Partnership*LPOA* - Limited Power of Attorney*LTV* - Loan to Value*MAI* - Member Appraisal Institute*MAO* - Maximum Allowable Offer*MIP* - Mortgage Insurance Premium*MLS* - Multiple Listing Service*MUD* - Municipal Utility District*NAR* - National Association of Realtors*NIV* - No Income Verification*NNN* - Triple Net Lease*NOD* - Notice of Default*NOI* - Net Operating Income*NOO* - Non-Owner Occupant*O/F* - Owner Finance*OO* - Owner Occupant*P&S* - Purchase and Sale*PITI* - Principal Interest Taxes Insurance*PMI* - Private Mortgage Insurance*POA* - Power of Attorney*PUD* - Planned Unit Development*REI* - Real Estate Investing / Real Estate Investor*REIA* - Real Estate Investors Association*REIT* - Real Estate Investment Trust*REO* - Real Estate Owned*RMLO* - Registered Mortg Loan Orginator*ROI* - Return On Investment*RTO* - Rent to Own*SFH* - Single Family House*SFR* - Single Family Residence*Sub2* - Buying property subject to existing financing*T/B* - Tenant Buyer*TAA* - Texas Apartment Association*TAR* - Texas Association of Realtors*TIL* - Truth In Lending*TREC* - Texas Real Estate Commission*UBIT* - Unrelated Business Income Tax*UCC* - Uniform Commercial Code*VA* - Department of Veterans Affairs / Veterans AdministrationFORUM ABBREVIATIONS*AFAIK* - As Far As I Know*AFK* - Away From Keyboard*AKA* - Also Known As*BBIAM* - Be Back In a Minute*BFN* - Bye For Now*BRB* - Be Right Back*BTW* - By The Way*CUL* - See You Later*FYI* - For Your Information*G2G* - Got to Go*IMHO* - In My Humble Opinion*IMO* - In My Opinion*LMAO* - Laughing My *** Off*LOL* - Laughing Out Loud*NT* - No Text*ROFL* - Rolling on the Floor Laughing*ROTFLMAO* - Rolling on the Floor Laughing My *** Off*TIA* - Thanks In Advance
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3 April 2013 | 3 replies
It is a triple, so you are correct.
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26 April 2013 | 3 replies
I agree with Mr Santarelli : “60 hours per week is a lot of work time “Key things for yourself will be: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~creating a great team of contractors, project managers, agent, etcDefinitely listen to the following podcast at least twice: #15, #12, #10, and #8Most important listen to podcasts #6 with Arthur Garcia -> triple timesJust a marketing ideal~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~on your potential customer receipt maybe you can mention “ We buy houses “ , etcFYI – podcasts our locate under the “ learn “ tab
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30 April 2013 | 8 replies
The problem with the little houses is they are not scalable and you are probably looking at multiple management companies.Depending on how hands off you want to be you could look at apartment buildings 50 to 150 units or triple net properties ( the corporate tenant pay all expenses with the property including taxes and insurance).
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30 April 2015 | 19 replies
Our local courts now said original owner is subject to triple the overage amount if anyone tries this.
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3 February 2014 | 23 replies
Even in triple net leasing where you do nothing if properties are trading at a 6.5 cap buyers want the 7 or the location closer to suburban and urban versus rural.
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10 February 2014 | 7 replies
Operating businesses have entered a cash-flow problem in Q1'2014 preventing them from making the March, 2014 triple-net lease payments that cover the monthly SBA payment.
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10 February 2014 | 9 replies
Mine was getting licensed and working for a commercial developer for 3 years on a very large retail project assembling land.After that I opened my own brokerage and focus on retail, triple net, and apartment buildings.
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27 February 2014 | 5 replies
Increase my buyers and investors triple fold.