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26 August 2024 | 73 replies
It was an 8 unit building and it was a total disaster for all of the other tenants loud music, crack, heroin, property damage mad orgies etc...Evictions of this kind take forever and the local PD wasn't much help so we had to hire off duty police officers to work 3rd shift security till we got her out of there.
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27 August 2024 | 1 reply
I watched a video about house flipping, and he said to secure a property before a hard money and gap lender.
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27 August 2024 | 10 replies
I'm wondering if I'm missing anything: Mortgage (20% down, so no PMI) HOA Electricity Gas (None, as the new construction house has an electric stove—everything is electric) Water Bill Camera Security System Internet Lawn Care Regular MaintenanceQuestions: Will I need to pay for trash?
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24 August 2024 | 11 replies
I need it back in case i have to go to court and if the tenant decides to take me to court if they disagree with me on non returning the security deposit
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28 August 2024 | 12 replies
In general, I price myself 10-15% high outside of my avg lead time, and discount fairly aggressively inside the lead time.This strategy attempts to capture both the planners who will pay a small premium to secure a good data ahead of time, and the last minute deal seekers.In general, it seems many people don’t vary between weekend and weekday pricing enough IMHO.2 ideas I’ve toyed with… in 2+ years I’ve never not booked a weekend.
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27 August 2024 | 43 replies
He has a contract for deed tenant in place who paid first, last, security, and option fee for a three or four year term.
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28 August 2024 | 11 replies
If you are paying interest only, you are not paying down the mortgage. on the $700k you would be, but equity depends on whether its a land contract or traditional note - depends on structure.3. good template google fannie mae security instruments.Also, my question is if you have not money for a down payment, how can you afford a $700k p&i payment along with $300k I/O payment?
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28 August 2024 | 9 replies
I've even had the chance to secure cash-out refinances between 6.00-6.50% lately - keep an eye on the 5-year treasury, as 720+ credit and $100k+ properties will be eligible for rates that are about 2.5% over that daily treasury rate.
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26 August 2024 | 24 replies
They already have 1.5 months rent as security deposit.
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27 August 2024 | 3 replies
We also own a single-family home with a detached garage and a separate lot that is currently secured with the mortgage of the single-family home (we've owned this for 10 months).