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19 October 2011 | 14 replies
Actually, I said the opposite way... if you're getting $3,000 a month out of a $135k property, that sounds very good (at a 50,000 foot level)... where I said you were getting fleeced was putting $100k down on a $135k property and getting charged 11% on the $35k note.I'm still not sure I understand your financing situation.Hard money on a buy and hold property tends to make cash flow pretty tough due to the higher interest rates.
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15 July 2012 | 21 replies
Besides determining if the seller has a "saleable" interest in the property and identifying any liens, the title search also identifies any restrictions or easements on the property.In a property that I purchased recently, the title search turned up a parking easement that allowed the next door neighbors to park on a 12 foot strip of land between the properties.
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20 October 2011 | 6 replies
If I don't have a contractor or someone with experience with the rehab, I try to give a best guess based on the following formula.Square footage of the house * Rehab Factor (e.g. 5-12 depending on the severity of the rehab).ex. 2000 square foot house that just needs cosmetic (paint, carpet/flooring etc) would be a 5 rehab factor so I would estimate2000 * 5 = $10Ksame house with repair work and updating2000 * 12 = $24K
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10 November 2011 | 31 replies
The property is insured at $95 dollars per square foot or replacement cost and most properties are owned by investors at under $60 per square foot which is the third line of security for the lender.
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15 November 2011 | 8 replies
Once I knew my buyer was serious I then footed the bill for the engineer to inspect, create a report, and put his "seal" on it.
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1 November 2011 | 1 reply
My question is, how do I find out how much I should be charging per square foot?
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18 November 2011 | 17 replies
Only one bath (with claw foot tub).
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20 November 2011 | 9 replies
Give answere int terms of inches of fall per foot in run.
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22 November 2011 | 14 replies
Home is nice, 2700 sq. foot mid-upper market.
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23 November 2011 | 4 replies
Price per square foot ballpark they expect to pay, beds/baths/size/condition - major rehab, medium or light, etc.Do so via email - you have my email address.