
4 September 2016 | 10 replies
And talk about predatory, points on my sale price, not good.As to originations, there are many RMLOs out there who think they are compliant in doing seller financing, actually not from several fronts, their employer/broker must have such loans in their charter, insured and bonded lenders aren't covered with equity funded notes, and if they do any volume they may have loan concentration issues of high cost mortgages, this goes much deeper than what our newish loan originator testing goes to that they learn and it doesn't even go into underwriting!

6 September 2016 | 5 replies
It just doesn't buff out, and once scratched very hard to cover up except with a wax colored stick.

3 September 2016 | 4 replies
You can budget around 4% of the sale price to cover these.This is a conservative formula.

9 September 2016 | 12 replies
(Not by using Google maps because they can easily be outdated pictures) There should be some.

8 September 2016 | 19 replies
Maybe not right away, maybe not for a long time but eventually you will get burned and if you get burned on a property 2,000 miles away everything is more expensive because you are paying someone like me to do it for you and I do not work for free.Investors with small portfolios need to know that they can afford to cover the holding costs of the properties when there is no rental income.

3 September 2016 | 1 reply
hello everyone,I've recently made two offers on short sales, (they both happened today)as they looked like good deals when i quickly ran the numbers, so i made offers on both as things are going crazy fast here in vegas and i thought it was best to submit an offer then have the option of turning down the deal if it wasn't a good one.after using the rental calculator one cash flows for 90 and the other for 60. and this is without me allowing for cap x on either, the reason for this is that ones a town home and the other is a condo, both with good hoa's, i did allow 5% for repairs which i think is a lot as the condo has just been totally refurbished and the TH was in good condition and I've allowed 1500 for touch ups, so it'll also be like new after I'm finished. my thinking was that this 5% would cover both repairs and cap x as there shouldn't be much in the way of either. is this a terrible idea for me to allow so little for both.i would be waking in with 25k of equity on the TH and thats without my 20% down payment. and with the condo id be getting around 13k.here are the rental calculator results for both-any help would be greatly appreciated!
6 September 2016 | 14 replies
Fully leveraged is fine, but make sure that the property you're buying cashflow well enough to cover the servicing of all your debts.

9 September 2016 | 7 replies
Does the title insurance on the properties covers the home insurance ?
6 September 2016 | 5 replies
Jeff, we absolutely cover much of that area.

4 September 2016 | 14 replies
., does the $7.5k cover any/all deferred cap ex (eg.