10 July 2017 | 66 replies
There is a human element that is required through the process.

25 January 2018 | 1 reply
I know many of you may think how can you do that ,well fortunately we happen to be in an extremely relaxed lending environment ,ive been in this business for 30 years and this is only the 2nd time i;ve seen real estate lending this relaxed ,for you old timers ,i know you can remember when their was no seasoning of title , in that period i was able to acquire 20 properties in 6 months ,moving right along ,heres the formula 1) find a property that needs a rehab in a b or c+ neighborhood,determine that after the rehab you will be at a 65 to 70% arv,next after you've acquired and rehabbed the property refinance it ,heres the example ,$45,000 purchase ,$30,000 rehab ,finished value $125,000,now you have a couple of options,you can refinance the property in 30 days at a 70% ltv,or you can refinance it later at an 80% ltv in 90 days,,using the example at 70% your cash out is $87,500,lets assume that your settlement costs were $8000 per transaction for the intial purchase and refinance,this equals $16,000 ,your cash out is $12,000,which leaves your out of pocket at $4000,this would be your total outlay,assuming that you rented the property and had net revenues of $500 a month your total return yearly would be $6000 monthly,your roi is 50%,now if your roi wasn't this high ,let say 30% annual return ,i don't think you would be too mad ,however you have another option and if you are not in a hurry you can refinance in 90 days at 80% ,when you refinance your cash out would be $125,000x80=$100,000-$75,000=$$25,000-$16,000 would be $9000,,so the $64,000 question would be how much did this really cost you,rinse and repeat this formula over and over and you will be a happy camper

29 April 2018 | 0 replies
In most cases, people with a serious criminal history may not be the best tenants.Personal CircumstancesThe living arrangements, jobs, family status, and other lifestyle elements of your tenant are not major factors, but these personal circumstances do tell you a great deal about a potential tenant.

9 May 2018 | 2 replies
How are you all handling this element of tenant screening?
30 May 2018 | 5 replies
I would probably avoid th ecomplications and environmental requirements of a actual marina and simply install docks for the tennats boats.

18 June 2018 | 15 replies
We do offer a "ride it" option, where they can just continue to pay rent, utilities & lawn care while we try to get it re-rented, but there's an element of gambling in there that most people don't want to try; if we get it re-rented immediately, they would come out ahead, but if it takes more than a month they come out behind.

2 July 2018 | 4 replies
It's non-judicial but there are elements that remind me of judicial states.

22 March 2013 | 47 replies
You have all outside responsibilities, the more the door opens the more often the A/C and heat kick on, the harder it works.Are there any environmental issues with these business operations?

14 August 2013 | 21 replies
This is when the PM nightmare starts to happen and you lose thousands with your property instead of the 20 bucks a month you thought you were sticking it to the PM with.I agree there is a bad element in any field and then the positive ones.

29 June 2017 | 24 replies
Clean inside of oven, top of stove, under elements, pan drawer, exhaust fan, hood.