Edward Schenkel
Ask An Attorney Anything About Real Estate Law
9 June 2024 | 223 replies
This really only matters if you have a lot of investors and perhaps have some unusual investors investing through trusts.
Jin Zhang
How to conduct background check on mid term Airbnb guests and who pays for it
3 June 2024 | 8 replies
It's unusual to ask for a background check for guests who book through Airbnb.
Kabene Gebremariam
Need advice on multi property in Dallas area
3 June 2024 | 9 replies
Not unusual at all to see prices like $1100-$1200 per side sell for $400,000 or in that general range.
Mary Arents
Understanding long-term hold deals on Chicago northside
2 June 2024 | 9 replies
You've confirmed that I'm running the numbers right AND that an initial negative cash flow isn't unusual.
Eric Justice
Buying property-All Cash
5 June 2024 | 116 replies
This ~35% expense to rent ratio is considered average efficiency so nothing unusual there.
David Braut
Hard Money Loans
31 May 2024 | 4 replies
My recent post in this thread references lawyers you can call.I’m not naysaying, but a 3 to 5-year loan is unusually long for hard money and a bit risky.
Gordon Vaughn
The Best Kept Secret For Bidding On HUD Homes
5 June 2024 | 274 replies
Your calculations are spot on I just had a bid on a Hud property which turned out to be a unusual email from Chronos The home was under contract and the buyer left the water on or there was a leak and caused about $10,000 in damage (according to Hud) They migrated some of the damage pressured tested the water and it was back on market I bid a net of $171,000 or so to net (list price was $195) and received an email from Chronos that the minimum acceptable bid was $171, 321 i was able to up my bid to the acceptable amount and now have it under contract This was the first time Chronos directly intervened in a bid The only bad thing is I am only allowed to activate the electricity and not the water and gas Also cash is an option on the contract and they treat hard money as cash Electronic signatures are also acceptable goodbye blue ink
Mark Humphrey
Financing an Income Producing Property
28 May 2024 | 8 replies
A commercial appraisal will include giving value for the income potential, so for a property like this it wouldn't be at all unusual for a residential appraisal to come in at $950k and a commercial one to come in at $1.1m or some other higher number.
William Rowan
Good Areas in DMV for House Hacking a Multifamily Unit
28 May 2024 | 4 replies
It's not unusual to have tenants paying $800 pm what would be a $2000 plus market rate unit.TOPA in any of the jurisdictions that have it doesn't really concern me.
Donnie Maguire
Quitclaim Deed - Conventional Mortgage Question
25 May 2024 | 13 replies
I suspect highly unusual.