Joe L.
NJ Real Estate Licence
9 January 2025 | 6 replies
Ask your broker if the brokerage has a referral division and if there are any costs.
Michael Challenger
First Time Home Flipper Looking to Connect w Lenders
10 January 2025 | 12 replies
This could be less costly and smaller hurdles than you would have with hard money lenders.
David B.
“Live In” Flip Advice!!
14 January 2025 | 10 replies
I'm seeing somewhere between $50K-$75K when it cost double.2.
Jonathan Bombaci
Spent $209,000 on Attorney Fees in 2024 – Considering In-House Counsel in 2025
8 January 2025 | 11 replies
Are there risks or hidden costs I might not be considering?
Zachary Rosa
1031 or not!
11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
Aaron Wolman
First Turn over
11 January 2025 | 7 replies
Security Deposit: 2600Lease states no smoking/painting walls/no hanging things on wallsTenants have moved out and have left two truck loads of garbage to be removed.Damaged doorPainted walls which got on the ceiling and trim Lots of holes on the walls throughout the houseDamage from windows being left open constantly Weed was clearly smoked in the house (smell throughout the place) so we need to deep cleanWater bill wasn't paid so I had to turn back on utilityMissing keyQuoted costs:$450 junk removal (some furniture)$935 for damaged doors/windows, painting cleaning$30 for utility turn onTenants were only there for a year before moving out so a lot of this is beyond normal wear and tear.
Chris G.
Drain Field Replaced at Rental Property and Broken Cable Line Responsibility
13 January 2025 | 1 reply
Well anyone can write anything into a contract, but whether it is legal and enforceable is for the courts to decide...It is State law here that a contractor must call 811 or they are liable for the costs.
Eli Kim
Maxed DTI. How should I get more properties?
10 January 2025 | 20 replies
I’ve been thinking DSCR but don’t they typically have higher down payments and closing costs?
Joshua Lanzieri
PLS HELP!! Property manager spend $8k over budget
11 January 2025 | 14 replies
It is fair to express your disappointment that they exceeded the cost target you gave them.
Reeves Bennett
How to Scale Multiple BRRRR Deals in a Year
17 December 2024 | 14 replies
Many who want to scale fail to take this into consideration, take on too many projects at once, have no capital to advance the construction and ultimately get stuck in mud unable to advance any of their projects.