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26 August 2018 | 0 replies
I'm currently trying to sell it, and some strange issues have come up.The house is a single-family according to the County, but shares a driveway with two townhouses, and the developer set it up as a condominium complex in the legal description.
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27 August 2018 | 5 replies
I would love to get in contact people like that next Wednesday evening, Thursday and Friday next week.If that description fits you, would you be available on any of those dates/times to sit down and exchange for a little bit?
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1 September 2018 | 2 replies
Hey @Latrell Anderson,I've met a wholesaler who's actively seeking deals in Eagan/APple Valley/Burnsville, we're up in Edina (494 / 100Would love to meet you sometime.
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5 September 2018 | 6 replies
Cap rate is around 6.5%, based upon my calculationsThe 1% rule has not been met as 6,000/800,000 = .75% but as I mentioned, I am receiving a little less now due to living in the place for the year.
5 September 2018 | 15 replies
We are setup that way and it's part of my job description though.
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3 September 2018 | 85 replies
Document everything in writing even if they call you write it in the file put a date and description.
5 September 2018 | 3 replies
If you know of someone in Indy that might fit this description, please let me know.
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2 September 2018 | 7 replies
(I don't mind sharing it - I won't get it anyway - so if it is truly a deal and a BP member can get it, all the better)Details (read the Zillow description - the listing details are wrong): Address: 6610 52nd Avenue Ct W, Graham, WA 983384 mobile homes for $156,000Each home is a 4bd/2ba with laundryCurrent tenants pay $1700 average rent per homeSpace rent is $700 per lotThe numbers (per month for all 4 homes):Total gross rent: 4*1700 = 6800Total lot rent: 4*700 = 2800PITI: 860 (this is for the full $156,000, i.e. all 4 homes)Vacancy - 15%: 1020Property management - 10%: 680Maintenance - 10%: 680CapEx - 5%: 340W/S/G (this is a wild guess - I have no clue): 4*50 = 200Total expenses: 6580Total cashflow: 220I feel like I've been quite pessimistic with the estimations (e.g., 15% vacancy), and it still produces a positive cashflow.
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6 September 2018 | 3 replies
Your description of Tower Grove is spot on, so be make your selection carefully.
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3 September 2018 | 2 replies
Copy of contract Agreement to Assign Contract for Sale and PurchaseSubject Property: ________________________________________________________________________Legal Description: ________________________________________________________________________This agreement is made between ____________________________________ (ASSIGNOR) and ____________________________________ (ASSIGNEE) regarding purchase of the above referenced SUBJECT PROPERTY.Whereas ____________________________________ (BUYER) has entered into a Purchase and SalesAgreement with ____________________________________ (SELLER) for the purchase of SUBJECT PROPERTY, and whereas BUYER wishes to assign its rights, interests and obligations in the Purchase and Sales Agreement, it is hereby agreed between ASSIGNOR and ASSIGNEE as follows:1.ASSIGNEE shall pay ASSIGNOR a NON-REFUNDABLE assignment fee of $________ (payable $_______ with signing of contract and balance at close).2.