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3 July 2024 | 6 replies
They both took a month to sell, sold for WAY below initial asking price (we had to price-reduce, which we had never had to do before).
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3 July 2024 | 15 replies
Unfortunately, the process has been much slower than anticipated, and we are still not ready to list the property.Additionally, the costs have significantly exceeded our initial expectations, and the property manager has not been very responsive or clear about why this is happening.
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4 July 2024 | 12 replies
I had issues with the initial abatement contractor.
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3 July 2024 | 14 replies
However, since he asked to paint it, I assume he wants to take the initiative.
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3 July 2024 | 5 replies
Create a Proof accountYour documents and transaction details will be securely stored in your account where you’ll also be able to initiate future notarizations and eSigns.3.
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4 July 2024 | 7 replies
Happy to hear other options or how this should have been done initially.
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6 July 2024 | 24 replies
It bugs me because I wasn’t going to rent to them initially because of the girlfriend’s low credit score, but he has a good job and they did own a home a few years back.
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2 July 2024 | 10 replies
I also require:Rent + Monthly Debt <= 45% of GROSS monthly incomeExample: So, someone making $6,000 per month ($72,000 per year) meets the initial income requirement BUT if they have a $750 car loan, $250 child support payment, and $250 credit card payment $1250 total then $1680 (rent) + $1250 (monthly debt) <= 45% x $6000 (monthly income)$2930 <=$2700 (DENIED)
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4 July 2024 | 8 replies
when partnering with people on a Joint Venture deal make sure to thoroughly layout all aspects of the companies operations and ensure that a clear understanding is made as to who will oversee what. taking the time to find the right partners can go a long way when the going gets tough or feelings get hurt. initially the deal involved partnering with a hands off venture capitol group but luckily an owner of a nearby carwash offered to go in on the deal instead and provided his industry expertiseDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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3 July 2024 | 25 replies
DST's have low returns like 5% and lots of fees, but other syndications like mortgage notes can earn up to 12% out of the gate with no record of failure, thus potentially offsetting that initial tax hit in the long run, but you have to do the math.