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9 November 2012 | 7 replies
The quiet costs breakdown as so:Buying Costs (Closing costs, Inspection, Survey, Appraisal) : 1.5% of $115k = $1,725Holding Costs (Property taxes, Insurance, Utilities & Maintenance) = 1.5% of 115k = $1,725Cost of Money ($130,000 Hard Money @ 12% +3 points over 5.2 months) = $10,660Selling Costs (Real estate commissions, Closing costs, 3% CCA) = $22,575TOTAL = $36,685Obviously I'll make more if I don't have to pay buyers closing costs and rehab and sell the house in under 5 months.
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21 March 2014 | 6 replies
I remember getting a mailer before from a company saying they would pay me for surveys and attached was a crisp $1.00 bill.
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12 January 2018 | 6 replies
For 50+ units, if it is off market, then I am going to ask for 30 days after receiving all of the financials that I request (Taxes, rent roll, T-12, P&L's for the past 3 years, utility bills, surveys, environmental reports, etc).
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17 July 2021 | 10 replies
I am willing to pay $xx,000 cash no contingencies No inspection No survey Close as soon as possible Just had a purchase offer accepted no counter on a house on Monday exactly like that And another under contract this morning No counteroffers.
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14 January 2019 | 2 replies
Leave out inspection, surveys, mortgage contingency.
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12 August 2016 | 7 replies
HI Kay, I think you'll probably want to have a formal survey done on the property to determine who "owns" the tree since the survey will determine exactly where the property lines are.
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25 February 2016 | 1 reply
Given the terrain here, it helps to have a builder who has a good engineer they work well with too.Then the buyer can put the property under contract and use the due diligence (inspection) period to get into more details and pay for tests such as the perk test/septic permit if needed, discussions and analysis from an engineer and the builder/architect to make sure all the extra build costs are known before closing on the land, have a survey done, and whatever else is desired.
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29 February 2016 | 7 replies
You should probably do a semi formal rent survey on the area too.
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24 January 2018 | 25 replies
The rental permit will require a survey on file, CO, etc.
19 January 2020 | 5 replies
@Bruce Williams You may also want to survey the neighborhood as you said "in the ghetto" so I'd be careful buying 6 properties in an area that may be high crime.