
21 June 2016 | 3 replies
The agent I chose should be very proficient in the following:Pull comparable sales / rental rates from MLS Have access to properties / availability to show properties Availability to submit offers to individuals, banks, short sales, and HUD Identify the current inventory in the neighborhood Access to pre-foreclosure, short sale listings and off market deals would be ideal as wellIf you know someone that fits this description or if this is you please don't hesitate in reaching out to me.Thanks in advance.

22 June 2016 | 15 replies
This is probably best by doing research through the county and city Geographic Information System (GIS).

22 June 2016 | 6 replies
To give you an idea of the requirements, at least half of the Corporation’s assets would need to be invested in real estate that is directly managed or developed by the Corporation.Below is a written description of the steps in a ROBS transactionA new C-Corporation is formed/registered with the secretary of stateThe C-Corporation sponsors a prototype 401k profit sharing plan that specifically permits plan participants to invest their retirement funds in employer stock (i.e. shares of common stock of the C-Corporation).The business owner and, if the business has full-time employees, elect to participate in the 401(k) plan.The 401k participants elect to transfer former employer retirement funds such a 401k, 403b, 401a, 457b, DBP or IRAs to the newly established C-Corporation 401k profit sharing plan.The 401k participant(s) then self directs the newly established 401k to purchase the C-Corporation’s newly issued common stock.The new C-Corporation uses the proceeds from the stock offering to purchase an existing franchise or to start a new business venture.

31 March 2016 | 1 reply
Seller agrees to sell and buyer agrees to buy the following described real property together with all improvements and fixtures and the personal property described below: Street Address____________________________________________________________ City, State, Zip:____________________________________________________________ Legal description: _________________________________________________________ The purchase price to be paid as follows: Earnest Money Deposit $____________________ Cash to Seller at Closing $_____________________ Total Purchase Price $_____________________ 1.

16 October 2015 | 12 replies
Dealing with contractors and repair technicians is a major part of my job description so I'm hoping this helps me in my pursuit of real estate investing.

17 October 2015 | 17 replies
@Joe HenryAs pointed out, multi-family is 5+ units, attached to each other or detached if they are on the same legal description for the property.

16 October 2015 | 3 replies
When you see a Legal Description that says "Undivided Interest" with some percentage, does that mean there is more than one owner?

17 October 2015 | 0 replies
The database is rather large and takes Geographic location, labor costs variations, material costs, contractor overhead, etc.

21 October 2015 | 20 replies
Also, if you think you will invest somewhere and are geographically flexible it can be a great deal to live in a multi-family and fix it up.One thing I would add is to talk to real estate agents anywhere you are considering.

21 October 2015 | 16 replies
This obviously puts extra burden on your agent since he or she can't just throw at you any decent-looking multi-family property in your desired geographic area; there is now additional analysis to be done to compare the monthly rents to the anticipated monthly PITI.