Mitchell Smith
Training your Tenants
12 March 2018 | 4 replies
Let them know if they do not hear within 2 business days what the plan of attack is then they can email you directly @ _______.And add something similar to this clause (I created it after a 3 am “I’m locked out of my digital deadbolt because I’m too drunk to hit the buttons right” call.... use at your own risk): The Tenant covenants and agrees to pay $125.00 for any non-emergency phone calls after 8pm during weekdays and $250.00 for any non-emergency phone calls after 8pm on weekends or holidays.
Jorge Betancourt
Hard Money Lender for first time investor
6 November 2023 | 16 replies
Most do:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000Max Loan: 65-70% of After Repair Value(ARV) 100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
Marc Faulkner
Ethics of Park Owners Requiring First Right of Refusal?
30 January 2020 | 47 replies
If I had a first right, once presented with a contract I match the offer at the contract price in one business day- say if the offer was presented to me on a Friday- we would pull the trigger in cash by Monday evening or mid day Tuesday.
Gavin Majors
Per diem food write off
23 March 2014 | 1 reply
Sixty percent of the cost of a rental car would be deductible, for example, plus the cost of meals during the three business days.
Raj Kumar
Tenant did not sign lease, handed Security Deposit, now doesn't want the place and requesting refund
9 December 2015 | 21 replies
We wanted to lease the property, it won't work, by GA law we have 3 business days to not execute the lease.
Yongyi Xu
Too many reminders for you to remember?
14 April 2017 | 6 replies
The tenant account is debited on the 1st business day of the month, I get it on the 4th business day like clockwork.
Mubasher Riaz
How are you mailing your yellow letters?
24 June 2013 | 3 replies
You can do standard postage for less but it takes 5-10 business days and isnt as classy as first class.
Tim Carter
HUD Surprise Special Assessments
12 February 2016 | 0 replies
Despite my best efforts, I get a call today, 2 business days from closing, from my agent saying there are some special assessments for street repairs that were found that I would be responsible for at closing.
Kyle Soderman
Financing small multi-family with low money down
11 November 2017 | 7 replies
Bank 80%LTVSeller Held Second Mortgage - 10%Close on the 1st or 2nd business day of the month to take advantage of that months pro-rated rents.
Shiloh Lundahl
Realistically most investors won’t replace all income W/ cashflow
23 January 2022 | 174 replies
In my note business days I had investors who sold their rentals and flipped to notes since note income of course is taxed you have to account for that but you dont have to work it like a landlord.. and in the ramp up stage they would just plow their note income into the next note and so on and so for for ( many of my clients were doing this for decades) these folks have passive income like most on BP dream of and some have a lot of it ONe of my clients held over 5 million in first trust deeds just with our company that is cash flow :)now just like ANYTHING with RE there are going to be bad days note goes sour and you have to step in since your the bank..BRRRR is how I built my Hardmoney lending business starting in 2002 all of our loans were to West coast investors buying in mid west cash flow markets and all of them BRRRR it went this way..