John Hodson
Using Proforma Calculators
2 December 2015 | 16 replies
Annual Maintenance Exposure = $700Because we spend so much time making sure we are buying in the right areas, we implement uniform construction through all of our properties (same sinks, faucets, lights, paints, floors etc) we save huge $$$$$$'s in the long run and the products we try to install are resilient products designed to withstand multiple turns without loosing the appeal.
Account Closed
Turn Key provider advice for 1st purchase
22 March 2016 | 28 replies
Originally posted by Account ClosedMain takeaways: Turnkey comes in different flavorsSimple Passive Income - the Turnkey home is direct purchase from the supplier, it is operational and managed by themStreamline construction and uniformity materials for maximum economies of scaleResearch the area, visit the space possibly, meet the teamI hope this helps you a little bit more as you try to define the type of culture you seek to align yourself with.
Christopher Winkler
Is A 2nd Lien Really Stripped If the Chapter 13 Is Dismissed?
27 April 2016 | 11 replies
The Motion and notice of a hearing on it were properly served on the Respondent.
Bill B.
BK 7 complete; Schedule A, Schedule D and a very confused ME.....
5 May 2016 | 5 replies
You would need to see all motions, court rulings, have a knowledge of property's value, secured and unsecured liens, other properties owned by the debtor, entity in bankruptcy, marital status, division of marital assets, condition of property, indication of debtors intentions in bankruptcy, quality of the prommisory note and mortgage or deed of trust, strength of supporting documentation, timliness of notices in relation to note, whether property was owner occupied at time note was originated, priority of other creditor liens, ruling tendencies of presiding judge, foreclosure laws of the state property securing note is located in, respones file by note holder, whether and amount of bankruptcy protection payments made, whether debtor has or will attempt a 'cram down' and whether it will be a principal reduction cramdown, an interest rate cramdown, a term cramdown, or a combination, whether debtor plans to challenge the legitimacy of the lien, expected legal fees for creditor, etc.Once you are familiar with this information you can begin to evaluate a value for the note.
Joseph King
Multi family investment in Sacramento?
9 June 2018 | 27 replies
Limiting yourself to already talked about areas is where you get trapped.To really find the potential in areas you have to research state to state, city to city, and it also helps to have contacts in those areas.In current motion my wife and I will be rolling over equity from our current investments stateside as well as purchases over the next 3 years into a larger mid rise or high rise investment property.
Kent Harris
Evictions in Harris County Texas
19 December 2016 | 15 replies
To begin an eviction action, the plaintiff, usually the landlord, must file a petition in writing stating the following:(1) the name of the plaintiff;(2) the name, address, telephone number, and fax number, if any, of the plaintiff’s attorney, if applicable, or the address, telephone number, and fax number, if any, of the plaintiff;(3) the name, address, and telephone number, if known, of the defendant; and (4) if the plaintiff consents to email service of the answer and any other motions or pleadings, a statement consenting to email service and email contact information.In addition, the petition must contain the following information:(1) a description, including the address, if any, of the premises that the plaintiff seeks possession of;(2) a description of the facts and the grounds for eviction;(3) a description of when and how notice to vacate was delivered; (4) the total amount of rent due and unpaid at the time of filing, if any; and(5) a statement that attorney fees are being sought, if applicable.The complaint should list all home and work addresses of each tenant and state that the landlord knows of no other home or work addresses of the tenant in the county where the premises are located.Each tenant who has signed a lease must be joined in the eviction proceeding.Filing FeesThe Justice of the Peace must collect fees for the filing of a petition in the Justice Court.
Natalie Kolodij
How to counter my my landlord's "fair" price he will sell for?
24 March 2017 | 59 replies
It's virtually meaningless outside of commercial office space or condo/co-op apartment developments with uniform floor plans.To comp a house, you have to find similar style and age homes within a 1 mile or less vicinity that have sold in the last 3-6 months, 1 year max.
Brook L.
New member in Jersey City, NJ
16 August 2017 | 7 replies
Also I just want to learn more about real estate in general and believe getting the license would be a great way to do that.My wife and I are a long ways from buying property to rent out, but the gears are in motion.
Evelyn Villa
probate administration real estate
28 August 2017 | 0 replies
perhaps a motion or an appeal and if so does anybody have any legal arguments that would compel the judge to grant me Full authority under the IAEA?
Jim Goebel
Lease to own with our Owner Financing - Self directed IRA...?
15 December 2017 | 3 replies
We have some interested tenants that want a lease to own or buy on contract type scenario that we own 100% under a self directed IRA.Seems pretty straight forward --- we draw up financing terms for them, and then they make payments directly into our custodian based on those...Here's some verbiage I just inserted into a boilerplate IOWA LEASE TO PURCHASE OPTION AGREEMENT Chapter 562A (Uniform Residential Landlord and Tenant Law):Please let me know if there's other things to consider, or someone that's been down this road before!!!