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10 February 2025 | 4 replies
Do I still need to file a proof of claim?
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2 February 2025 | 9 replies
Hi everyone,I’m a realtor who is trying to rent out a single-family home on a 12-month lease.
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11 February 2025 | 5 replies
Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont?
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25 February 2025 | 0 replies
I will finish the basement and rent out for about 1800 a month to minimize monthly mortgage
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3 February 2025 | 37 replies
I need only $1M to get access to that monthly $40K.
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3 February 2025 | 8 replies
Quote from @Tim Baldwin: @Nathan Gesner, that form should not be used, as it provides for 60 days notice to terminate a month-to-month tenancy, which FS 83.57 only requires 30 days.It was a ten-second search for an example.
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17 February 2025 | 8 replies
He's refusing to communicate because he wants you to panic and (a) release him from his lease, and (b) possibly even compensate him for the impact to his health, his requirement to move, etc.2.
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28 January 2025 | 27 replies
Well that is when the lower tenant feels like paying her 20% portion of the rent of $240 per month lol!
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19 February 2025 | 3 replies
But to date, I've just set my rents at a rate that accounts for me having to pay the water bill - and informed the residents that each year I'll increase the rent based upon my expenses (including water), so keeping the bill down helps me to help them.But one problem this could cause is if increasing the rent to cover the water bill then places your rent above the market rate.