Adama Bah
Need Help Analyzing a Deal
27 January 2024 | 1 reply
ThanksACQUISITION:Purchase Amount: $395000Interest rate: 13% for 12 months interest onlyClosing Cost (Settlement Charges) $29238 paid out of pocketAnnual tax: $5500ARV: $630000Rehab Cost: $120000 (100% finance)Down Payment: %55000 paid out of pocketRefinance After How Many Months:12 monthsRehab Time: 6 MonthsREFINANCE: Loan Amount: 75% of ARV= $472500Interest Rate: 7%Closing Cost: $20000Term: 30 yearsINCOME: MonthlyRent: $5200 EXPENSE: MonthlyFix expense:Tax: $458.33Sewer: 200Variable expense:Vacancy: $260 (5%)Repair: $156Cap Ex: $208.
Art Webb
Real Estate Title Options w/ Trust Down Payment
26 January 2024 | 2 replies
How would the title be stated to keep the trust dollar downpayment investment protected from any future divorce settlement ?
Viral Mehta
Seller backing out of a signed contract in Texas
27 January 2024 | 14 replies
I recommend you check with competent Texas consul for advice or ask the settlement agent for a commitment which should have a requirement for a deed from whomever the underwriter will rely on for the conveyance together with whatever other requirements they will need met before insuring your interest in the property.
Daniel Illescas
Best Partnership Legal Structure
26 January 2024 | 4 replies
The first time cost me two properties and a long drawn out expensive court case which I won but ended up paying half of my settlement victory winnings in attorneys fees.
Scott Kimminau
Responsible for tenants daughter slipping on porch with ice
26 January 2024 | 16 replies
The lawyer was clearly hoping for a quick and easy insurance settlement and didn't want to put actual time and effort in an ambulance chasing case.
Bintuan Zhu
Need Help from a lawyer
14 September 2016 | 7 replies
If you do reach some sort of settlement, make sure you get the tenant to sign a release absolving you from any further liability.
Shaun Palmer
Seller Financing vs. Carry back Process
14 September 2016 | 5 replies
When a note gets sold to another company, the buyer has no say in if/how that gets done - - just notice of where to send the next payment.(4) The Purchase Offer (or Commercial Offer) look exactly the same for Seller financing.(5) But of course - - the escrow/title company will issue a Settlement Statement and your expenses are noted there.
Marvin Romero
How to place a lender in first position
15 September 2016 | 5 replies
Doing a title search will show existing liens, as mentioned those need to be paid off in full by the settlement agent out of closing.
Nicole W.
How to advertise a home with settlement issues
15 September 2016 | 1 reply
However it has had issues with settlement.
Dave Hicks
Saturated Market?
28 September 2016 | 14 replies
He was a billionaire when he died in 2002.Maurice Wilder, and my first partner in my first park, started with one park in 1970, died earlier this year with a net worth of almost a half a billion dollars even after giving up over $100,000,000 in a divorce settlement several years ago.