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14 October 2021 | 113 replies
A credit report reveals more than just a credit score.
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22 February 2020 | 8 replies
As it turns out, that experience was a cakewalk compared to what I dealt with after the title search revealed there was an IRS lien for quarter of a million dollars, from the previous, deceased owner.
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10 December 2019 | 12 replies
I believe a builder (or several) were sued after the fact because the hurricane revealed just how crappy their construction practices were.
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10 December 2019 | 2 replies
This particular tenant is an expat who's been living in a corporate apartment and will be moving his family from overseas and needs a bigger place - this is where my house for rent comes in.I assume that I will still want/need to run the usual screening on all adult applicants, even though I'm unsure how applicable the results will be since it won't be the tenants paying rent and being expats, their credit and background history may not reveal much as much as usual.But what else should I consider when signing a lease agreement with a company?
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10 December 2019 | 1 reply
Also an inspection of the priperty revealed that noone has lived there in some time the gas meter was gone and the weeds were high.
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18 August 2020 | 84 replies
A search for loan doctor on the BBB websight doesnt reveal much.
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14 October 2017 | 2 replies
To be conservative, we are assuming $100 less per room, hence the monthly income to be $2,000 ($600 * 2 + $800).20% or $34K down payment, 4% interest rate3% or $5,100 closing costs$2K Rehab costs (the place looks move-in ready and we are assuming that if any issues revealed through the inspection, the Seller would pay to fix them). $642 Monthly Mortgage$123 Property Taxes$250 HOA (water, sewer, gabage)$31 Homeowner Insurance$220 or 11% Management Fee $200 or 10% vacancy rate (5.2% based on Neighborhood Scout)$100 or 5% Repairs $100 or 5% CapexTenant pays for other expenses (electricity, etc)$133 Tax benefits assuming 25% tax rateScenario 2: We also project another scenario where we house hack – live in the master bedroom, rent out the other 2 rooms.
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10 October 2017 | 3 replies
Your research reveals it’s owned by a bank but not listed with a Realtor.
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21 October 2017 | 3 replies
3 story - 3 Plex all rented $2100 gross rentscurrently under contract at $120k - electric separate metered but heat is owner furnished at about $3500 a year; Extra garage bays previously thought to allow for $600 extra cash flow per month from separate building in back but home inspection shows it is likely a tear down at some point in the near future.Home inspection revealed significantly more repairs than expectedRoof replacement (expected) - not a simple roof so it will be expensiveElectrical (knob and tube) but panels all 100 ampsome foundation issues2nd floor fire escape deck and wood steps replacement required2 chimney tear down, 1 repairwater heater inadequate (50 gallon for all 3 units)other repairs that add up quicklyInterior of units is decent conditionI am debating between going through with it if the price comes down to mayb 100k but not sure if this is too much wrong to make the numbers workARV is 160-180kAny thoughts on this?
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7 November 2017 | 15 replies
They are about the worst lender out there, and and this is a typical mistake they are going to make and it wont reveal itself til you are a couple weeks into the loan process.