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Offer price in a buyer's market
17 June 2007 | 50 replies
I've been trying to present the facts as factually as I can.If the seller, who is trying to get rid of this property, is reporting that expenses are 29% of GOI, what do you think they really are?
Account Closed
Buying rental property with existing tenants
22 June 2007 | 11 replies
Better to negotiate honestly.If you feel the present lease is crap then deal with it before you buy.
Marcia Brown
Burned Apartment House
21 June 2007 | 3 replies
Figure out the highest and best use.Then consider the cost of tearing down and replacing the present structure.
Nate H.
My first deal
31 July 2007 | 4 replies
When I put the property under contract, is this done with an attorney present like a normal closing or do I just have the seller and I sign the contract?
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What kind of Material?
12 July 2007 | 6 replies
It was long wearing, presented very well (attracted positive comments from the tenants) and easy for the tenant to maintain.
Dana G
$10 deals??
30 January 2008 | 21 replies
I was at a conference not to long ago where one of the presenters was trying to show how good he was by displaying Checks from Title Companies, but not a one was from later than 2003.
Mike C
Maryland Investors
5 July 2007 | 6 replies
Ive talked to several investors that have invested in Baltimore city and they have told me too stay far away from it because they cannot get there houses sold, having problems collecting rent from tenants because they use there money(if they even have any) on drugs, and other usless stuff.The problem is you have presented why you can not do any business at either end of the market.
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what are your options as a rental tenant in a foreclosure?
28 June 2007 | 4 replies
Your ability to lease and later exercise the option could get wiped out.You might have a claim against the present owner but that is not so clear and might result is no financial gain.If you can not buy it is likely your option will become worthless if the foreclosure goes through.Is the option recorded?
Brett Fredrickson
How to offer properties to prospective buyers
27 June 2007 | 1 reply
Then present some deals.
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Owner financing question
8 July 2007 | 4 replies
And, in order to make that $50k back in interest payments from the purchaser, on a $235,000 "mortgage" at 9%, 30-year fixed rate (higher b/c seller financing, just a suggestion), it would take 2 1/2 years...and then discount the cash flows to present value...and it's more like 4 years to recapture the $50,000 you could have today by selling outright at market price.A much more profitable plan would be to sell at $289,000 using seller financing and get both benefits.