Toby Mims
Property Mngmt gone wild
17 October 2024 | 12 replies
When we did it, new management had old manager transfer all funds held in relation to our account to the new management, including existing security deposits.
Aleksei Furmenkov
Flipping vs Renting Out
19 October 2024 | 5 replies
It's a job, not an investment.Real wealth is built by holding property for a long time.If you save $6,000 a month, that's over $60,000 available to invest in one year, with a little held in reserve for emergency maintenance issues.
Jesse LeBlanc
FRAUDSTER ALERT... watch out for Justin Nguyen in Florida. BE CAREFUL LENDERS!!
25 October 2024 | 66 replies
The charges are stacking up by the day and he's only been held since Sunday.
Abhishek Agarwal
Advice Needed: Seller's Counter Offer Raises Concerns - LTV, Inspection Timing.
15 October 2024 | 6 replies
The seller has countered with the following conditions:- Loan to value (LTV): 80%- Earnest money held by seller's recommended property management company- Final inspection within 1 day of closing- Commission paid by to buyer's agent is 2% of final sales price.I'm seeking advice on how to proceed, as I have some concerns:- Why would the seller request an 80% LTV?
William Silva
Need Advice in Florida
16 October 2024 | 8 replies
Last one was a big STR that I bought, refinancing houses I’d held for some time to get the down payment.
Aaron Buehler
Looking for help moving forward, first time forum poster!
18 October 2024 | 5 replies
If we held on to the home, and are able to establish a decent rent rate/month through STR or potentially even LTR, my thought was to then move forward with a cash out refinance with a 30 year set rate mortgage and only take out enough equity to keep the monthly payments at a rate we know will cash flow with our established rent rate/month.
Travis Hardy
Trouble pricing house
16 October 2024 | 11 replies
It is basically a new house except the roof, which is metal and does not leak).
Trevor Hummel
Difficulty with a Cell Tower Lease Agreement for Self-Storage Property
15 October 2024 | 1 reply
Again, the seller refused (although I'm not sure if this would've been resolved legally at settlement regardless). (3) The cell tower was additionally paying a portion of real estate taxes which we were unable to confirm how much they were responsible for and if they had held up their end in recent years. (4) Cell tower had the right to purchase the lot for $1 at anytime during the lease and the right for an additional 2,500 SF of ground space.In the end we backed out at the end of the due diligence period in order to recoup our earnest money.
Axel Scaggs
Security deposit forfeited?
17 October 2024 | 12 replies
The landlord could be held responsible for 3x the deposit if they fail to do soWhat provisions are in the lease agreement you signed ?
Don Konipol
How Heavy Is Your Wealth Tilted Toward Real Estate?
17 October 2024 | 12 replies
While the cash allocation is somewhat high, it serves as a reserve for our rental properties and future real estate investments, held in a high-yield savings account.