Andy X.
3% or 20% Downpayment
30 May 2021 | 4 replies
I think I’d put down 3% if i was going to be living in the place and i felt confident I could fix it up (or the area was growing) in a way that I could refinance out of the FHA loan in the next 18-24 months
David A.
Vacation Home - Torn
1 June 2021 | 0 replies
I am fairly confident I can rent this out on AirBnb for around $120/night on weekends during warm months and $80/night midweek and get a fairly decent income from it - I'd estimate conservatively being able to net $1,500/month on average from May - September and $800/month October through April (would love to find monthly tenants, but acknowledge that won't be at 100% capacity during off months).I put in an offer for $40k, which is what I feel like the house is worth in its condition and location - there are a lot of houses in similar condition but with more square footage (this guy is just 650 sq ft) that have sold in the $20k-60k range in the last year.
Paul Henning
How to politely change realtors?
15 July 2021 | 12 replies
The current realtors showed us 1 comp and used the offer my neighbor gave me for the house as a starting price point for the listing and said we are good to go easy peasy let’s make a little money.The new realtor gave us some work to do to the place to get top dollar, showed 6 comps and came up with a price that was $50k higher and sounded very confident. I
Ben M.
Direct mail marketing and bandit signs
27 July 2021 | 18 replies
Black out the names if that's better confidentiality, just show me numbers.
Eddie Fleckenstein
Need Help with 30-Day notice c
27 August 2021 | 7 replies
Tenant in question and her two roommates sent me rental applications but all three were incomplete and the names on the two roommates were so illegible that I could not put them on the 30-day notice and not be confident I got the names right.
Hayden Bowles
88 Units - First Big Deal
30 August 2021 | 10 replies
Simple value add play, very confident I can bring the NOI from $427,000 to $550,000+ in a few years.
Matthew Hice
Hold or Sell Dilemma
31 August 2021 | 0 replies
Right now the market in my area is booming and I am pretty confident I could pull $270,000 on a sale of the house.
Victor Chen
Your reasons for investing in real estate
7 September 2021 | 2 replies
I felt pretty confident I could rent it out for about $1500 once I moved away from Pensacola.
Ron Jon
Financial statements for new LLC (partnership)
6 October 2021 | 4 replies
That being said, if asked, most lenders would probably keep that information confidential upon request.
Keith Miller
Need Help: Qualifying for Conv. Mortgage with rental income
12 October 2021 | 4 replies
While that lease hasn't been signed yet, it's a very tight market, and I'm confident I could rent it quickly.