Matt Schelberg
No Buyers Agreement Prior to Offer...Now Realtor Seeks Admin Fee
29 January 2013 | 18 replies
Agents can recieve up to a 5% commission from HUD, so you saved 2%.
Russ McKelvey
1st Investment MFH - Help with research- Deal Analysis
28 January 2013 | 1 reply
All units were 6 months and now month to month.Here are the numbers I came up with have not yet recieved Schedule E or Rent Roll:Potential Income : 26,400 - (8% vacancy 2112) = 24288 (using current rents)Expenses: Tax 1309 (verified at asessor), Insurance 1819 (today's quote), Water 2880, Trash 1200, Lawn and Grounds 500, Repairs/Maintenance (assumed 10%) TOTAL: 9148NOI: 15140If I use VA the loan will cost me 1% for VA funding fee, and about 3K to close so I will assume 10 K to be safe.If he will take 220000 for it, loan will cost me 12,449/year leaving 2,691 in cash flow.CoC Yield: 2691/8000 =34% CAP Rate: 7%What else do I need to consider?
Kyle H
Probate Marketing : Mail the Attorney or Not?
4 March 2013 | 13 replies
I have found just mailing to the attorneys is a waste of time but building a relationship when you are actually buying a probate and showing them your stuff provides the foundation for future business and when they have a property that needs to be sold to get things paid , especially their fee, you will recieve a call.
Rich Welling
Need Advice - In a tough predicament
4 February 2013 | 11 replies
This was over 2 months ago, and they have done nothing since.Our attorney thinks we need to push the court to appoint a reciever, who will manage the funds and the maintenance.
Troy Jones
Commercial Property... new to this, what to do?
28 February 2013 | 2 replies
I have some information on the property, I would love to own this, it's not huge but a good location; well maintained; professional complex; California location.This does have a reciever, come to find out the tenants do know the situation.Much appreciated.
Eric Bauman
Absentee Mailing frequency
8 March 2013 | 3 replies
I sent out 160 post cards last week and so far I have recieved 2 calls both no deals.
Shema Turner
Walk away or stay help with this deal analysis
12 March 2013 | 15 replies
You're only going to recieve $600 in rent so after your mortgage, taxes and insurances what do you have left?
Lamar Cannon
Forming LLC / Partnership with Rehabbers
19 March 2013 | 36 replies
I recieve inquiries almost daily for assistance which I could take advantage of, but do not.
NA N.
Highest and best... How do you play the game?
5 April 2013 | 43 replies
Many agents recieve 10 plus offers on properties.
Cory Rogers
Wholesale bandit signs
7 December 2018 | 42 replies
I sent out 400 and recieved a lot of calls.