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15 January 2025 | 144 replies
So after 5 months you:a. taken a LOC of $10k but repaid it with $8k of cash and $2k of the invested money.SO AT THAT STAGE: You are $8,000 out of pocket - Correct?
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15 January 2025 | 7 replies
Unless you negotiate a new contract or addendum with your PMC, they do NOT have to abide by any requests/demands you make that contradict what's written in the management contract.If they have in fact NOT followed the terms of their contract, then you'll want to send them something in writing pointing out the specific language in their contract that they violated and ask what they plan to do about it.If they fail to correct or address the issues, then you'll want to start looking for a new PMC.
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5 January 2025 | 7 replies
Again, all answers that might be better answered in private.You are correct that a lot of lenders just don't understand how we work as investors but that's why some of us hang out here.
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22 January 2025 | 31 replies
Detroit has a mix of affordability and strong rental demand, with properties under $200k that can cash flow if approached correctly.
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14 January 2025 | 23 replies
You are correct there certainly are ways for things to be done badly or illegally, but these are BAD MESSY situations before a sub-to deal would even be considered.
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31 December 2024 | 0 replies
The Sampling Method is typically used for properties with nearly identical blueprints such as fast food chains or nursing facilities.EXPERIENCE OR “RULE OF THUMB” APPROACHThis approach is based upon the specialist’s experience in the industry and their ability to estimate the costs.
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10 January 2025 | 6 replies
The Tampa Bay area can really be the best of both worlds in terms of appreciation and cash flow, as long as you execute correctly.
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10 January 2025 | 11 replies
Keeping insurance and ownership in mind, what is the correct day to start the lease?
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18 January 2025 | 13 replies
I think my line of thought is correct.2nd and very few investors realize this.. but lets say you have a wholesale deal and your buying it for 100k and the wholesalers contract is 50k and there is a 50k assignment fee..