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4 December 2023 | 86 replies
I am aware of the risks, I provide disclosures, disclosures, disclosures, I close through escrow, I order a title report, escrow records the warranty deed, I don't use quit claim deeds, I am aware of every one and every entity that might have an interest in the property, I don't let someone stay in the property after they have sold and collect rent from them, I don't miss any payments, I have insurance changed to my name, I have access to the lender if I need it, I make the payments directly to the lender so I can make sure the payment gets paid, I take care of any problems with the city or county regarding weeds, waste, etc, I don't let the house sit vacant, I have backups in the event of a Due on Sale call which I've had 2 in 25 years, I don't believe in "Due on Sale Insurance" or "Tooth Fairies" or "Unicorns Farting Rainbows", all of which are amusing but don't in reality exist, I realize that if I screw up and miss payments it affects the sellers credit and can result in a lawsuit, I have a tightly written contract, I am well funded and I understand the law.
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9 July 2012 | 10 replies
Keep in mind that the numbers I am using are a little off because this is a public forum.
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1 September 2011 | 6 replies
I am using my credit card at 11.9 precent to buy any supplies at homedepot.
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3 August 2011 | 2 replies
The staging company I am using for my first flip dont have insurance. and on the contract it states if anything stolen, I will have to pay for them.
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9 October 2014 | 6 replies
I am using the free version of Rentec and once you get the hang of it is pretty good.
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11 August 2017 | 7 replies
I have to say it is quite amusing yet annoying at the same time.
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13 July 2017 | 3 replies
I bought the property for 96k with 20% down hard money & am using my own $ for the rehab budget.
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8 April 2020 | 40 replies
And I am use to double entry accounting but I'm not terribly comfortable with it so Ill have to look into the custom screens and all that fancy jazz :D And thank you for keeping my scalability in mind because I do intend to build a nice size portfolio :)@Lesley Resnick Thank you for your follow up.
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16 July 2017 | 6 replies
I am using the bigger pockets to analyze them so far the max cash on cash I have seen is 8%.