Chris Seveney
Getting A Deed In Lieu at closing to store away
29 January 2025 | 21 replies
The “borrower” would have an option to buy back the property if (1) all lease payments (“mortgage payments”) have been made and the borrower/seller pays is the sale price/loan amount in full at the time the option period/note matures.
Karen F.
LVP over very thin, hard carpet?
8 January 2025 | 3 replies
No...there are many reasons why installing it over the carpet will prove to be a nightmare in a relatively short period.
Luis Marin
Sell or Rent How do we identify what is best for us?
4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
Bryce Jamison
Do you buy older homes for long term rentals?
20 January 2025 | 32 replies
Then cash some out periodically and buy turnkey new rentals.
Craig M
wrap mortgage - how would you structure this?
19 January 2025 | 10 replies
It generally isn't worth the brain damage of experimenting though....especially if you want to move to a new home that you will own inside of the typical lender's seasoning period.
Jonathan Greene
5 Reasons You Aren't Making Connections With Clients on BP as an Agent
30 December 2024 | 12 replies
Dont get me wrong there are plenty of heavy hitters that just scan the site and dont really post.
Jesse Valdez
HELP***Week to week tenant eviction
12 January 2025 | 28 replies
After a grace period of 1.5 days give another notice and mention legal action or law enforcement5.
Isla Arshad
Tenant Pays Rent Late and now Claims Harassment when filing for 10 days Notice
7 January 2025 | 13 replies
In some places there are a few days grace period to allow for rent that is sent via mail (which I don't get because if it is due on the 1st, plan ahead).
Thu Pham
Purchasing an existing Airbnb with future bookings
14 January 2025 | 25 replies
We arranged closing during a slower period of time & had him leave everything (furniture, inventory, guides, etc.) literally bought it & could start taking booking the same day.
Jason Baker
Going To College For Real Estate The Right Move?
6 January 2025 | 7 replies
The courses I took during that period in real estate were some of the best and most informative courses I took during my entire college career.