Hira Y.
Property manager still charging landlord after the PMA is over.
6 January 2025 | 12 replies
They cannot continue a lawsuit on your behalf if you have not authorized it.I would send them a short demand:"You have five business days to stop the lawsuit and turn over all documents, funds, and anything else pertaining to my property.
Pavan Kumar
House not rented for 100+ days
16 January 2025 | 12 replies
When you re-list the property, it will restart the counter for "days listed" (assuming it is down for a reasonable period of time, I'm not sure their exact specification, I know we've been down for 24-48 hours and it did not restart).
Chris Seveney
The Tech Revolution in Real Estate Lending: Are We Overlooking the Basics?
28 January 2025 | 5 replies
Quote from @Chris Seveney: Over the past quarter, I have seen around $1B in defaulted fix and flip loans - many of these from new lenders since 2020 and more of a "tech platform".As we all know, the intersection of tech and real estate investing has brought incredible innovation, especially in hard money lending.
Mark S.
preREO - First Mortgage Secured by Vacant Property
24 January 2025 | 42 replies
I stopped paying the interest on the loan over a year ago.
J Lee
Philadelphia Sheriff Sales (Mortgage Foreclosures)
28 January 2025 | 7 replies
At that point, the clock will restart by 5 minutes after every counter bid, until the bidding stops.With mortgage foreclosures you'll want to guarantee that the property is vacant to avoid going through a messy eviction battle.
Bruce D. Kowal
What REALLY Triggers IRS Attention in Real Estate Partnerships - From An Onlooker
29 January 2025 | 6 replies
Are you saying that the IRS-1065 Is going to be pulled into an audit, or will just the disgruntled partners IRS-1040 be pulled in for the audit?
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
13 January 2025 | 2 replies
On the surface, the deal seems appealing, but there's a catch: the asking price is $475,000, which is about 18% over the market value (based on comps and DealCheck estimates around $402,000).Details of the DealProperty: Duplex, 2,400 sq. ft., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
Kyle Fitch
Why Real Estate Over Stock Market?
6 January 2025 | 57 replies
Don't do real estate over the Stock market.
Joshua Lanzieri
Property manager spend $8k over budget
11 January 2025 | 14 replies
It could be the rehab they did was the right thing for the property and one that might get you more rent.
Grant Shipman
6 Mistakes Every Co-Living Investor Makes... & How to Avoid Them
22 January 2025 | 0 replies
There’s two components of household:1) the “who”2) the “how”“Who” is living together is easy: that’s the tenants.