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25 July 2024 | 2 replies
I had many on Bigger Pockets that initially thought I was off base, cruel and heartless..
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26 July 2024 | 2 replies
For every $1,000 above the minimum that the tenant decides to initially “put down”/pay toward the Option Payment, reduce the monthly rent by $50 and increase the monthly rent credit by $50-$100.
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25 July 2024 | 3 replies
made an offer on a property only to find out later that one of the units was going through an eviction.tried to extend our inspection contingency to no avail to buy us some timeended up not being able to come to terms on how to proceed with sellerthe last HOUR of our inspection contingency the seller offers to try and buy out (cash for keys) the tenant the next day (he had a property manager handling the eviction and wasn't even aware of it initially).i get a (risky) oral agreement that even though the contingency window had passed, if the plan falls through my client will still get their EMD back the next day the seller ends up buying out the tenant for a bit over $3,000 and now we can move forward with the deal without the headache of a problem teanant/ picking up an eviction.
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25 July 2024 | 7 replies
In your unfortunate case, the amount probably exceeds your security deposit, so then you will have to decide if you will initiate a suit for damages.
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24 July 2024 | 4 replies
My initial analysis suggests a conservative offer in the range of $3.2M to $3.35M could be justified, factoring in current market cap rates and the property's upside potential.I'd appreciate any insights on:1.
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24 July 2024 | 7 replies
My Vrbo account manager sent me this today:There are substantial cancellation fees if you initiate a cancellation.May of this year they also listed a temporary 7-day suspension of your listing.They really really don't want you cancelling a booking.If something comes up try to get the guest cancel the reservation.
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25 July 2024 | 6 replies
We recently had a deal where we initially didn't bring up seller carry, but through building rapport and consistent communication with the seller, an opportunity presented itself.
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27 July 2024 | 26 replies
That could be a very well invested $100 or so.Additional expenses I add are municipal inspection fees, inflate the cost of all repairs if your prop mgt company is handling them for their load onto the repair cost and utilities while you hold the property initially and with turnovers.Overall, I wouldn't say this is a bad idea if you know what you are getting into and are comfortable with it.
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26 July 2024 | 37 replies
However the key difference is leverage, so if you buy 50k worth of stocks, and it goes up by 10%, you have made a 10% profit, or 5k.However, if you had taken that 50k and used it to put a 5% down payment on a 1m duplex, or quad where you plan on living in one of the units, and that 1m property goes up in value by 4%, then you have made 40k in equity, which is an 80% returns on your initial 50k investment.
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25 July 2024 | 7 replies
More than 2x the in place NOI at purchase and will refi out 100%+ of initial capital and hold for cash flow.What made you interested in investing in this type of deal?