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Results (10,000+)
Liam Hanson Preforeclosure w/ lots of equity but has multiple liens/loans
25 January 2018 | 3 replies
Here are the numbers:Original Loan Amount$417,000.00Loan Balance$2,600,000.00Judgement Amount$419,907.00Estimated Value$939,000.00Equity$519,093.00This is the mortgage history:Recording Date                         Loan Description                                                   Loan Amount2/26/200Fixed Rate$30,000.0012/4/2003Fixed Rate$210,000.004/11/2005Variable$389,500.0010/24/2005Construction Variable$850,000.0010/18/2006Variable$1,000,000.00 $120,000.001/8/2009Fixed Rate$417,000.001/20/2010Home Equity Line of Credit (HELOC) Variable$200,000.007/15/2011Home Equity Line of Credit (HELOC) Variable$350,000.009/19/2012Construction Unknown$900,000.005/9/2013Unknown$1,550,000.009/26/2013Unknown$2,600,000.0010/6/2015Fixed Rate$429,923.0009/19/2013Conventional$2,600,000.00
Mike Savage Thoughts about selling and buying historically significant houses
21 February 2018 | 3 replies
Many have been carefully restored to original condition and are worth prices much higher than the typical sale comps in their geographic area.  
Clint Harris Poll, what is your acceptable Cap rate?
13 February 2018 | 16 replies
Based off of your description of one person ending up with the properties  over the years points toward each property having its own deed.
Timothy Doenges MLS Multiplex Listed as a SFR
26 January 2018 | 5 replies
In the property description is where the 3-unit conversion is listed, but property type is listed as Single-family in the property stats.
Bryan Harvey new to BP - seeing advice to make a move in the best direction
30 January 2018 | 6 replies
Property Information       Cost Information                   Property XXXXXX    Building Cost   $ 820,000           Location lighthouse dr   Land Cost     $ -           Type of Property   Cost Basis     $ 820,000           Size of Property 3892sf   Less Mortgages   $ 420,000                       Equals Initial Investment $ 400,000                       Amortization Period   27.5           Ratio Information                               Loan to Value     51%   Mortgage Information                   Cashflow / Initial Investment   5%     Balance Payment Interest Loan Term Amtz Period Cashflow / Assets     2%   1st Mtg $420,000   $(2,128)   5%   30   360   CAP Rate     6%                                                   # Description(All Figures are Annual) Annual Amount Notes 1 POTENTIAL RENTAL INCOME         $96,000   Total Potential Income if rented 100%   2 Less: Vacancy           $(450)   Assumed 2% Vacancy Factor   3 EFFECTIVE RENTAL INCOME         $95,550     4 Plus: Other Income           $-   Other Fees, charges, etc   5 GROSS OPERATING INCOME         $95,550   Total Revenue                       OPERATING EXPENSES               6 Real Estate Taxes         $5,000     Property Taxes   7 Personal Property Taxes       $-       8 Property Insurance         $5,000       9 Off Site Management       $22,000       10 Payroll         $-       11 Expenses/Benefits         $-       12 Taxes/Worker's Compensation       $-       13 Repairs and Maintenance       $8,000       14 Utilities         $6,000       15 Accounting and Legal       $-       16 Licenses/Permits         $-       17 Advertising         $100       18 Supplies         $-       19 Lawn and Grounds Keeping       $2,500       20 Miscellaneous         $1,000       21             22             23             24 TOTAL OPERATING EXPENSES         $49,600   Sum of Line 6 thru 23   25 NET OPERATING INCOME         $45,950     26 Less: Annual Debt Service         $(25,537)   Total Mortgage Payments   27 CASH FLOW BEFORE TAXES         $20,413     28 Add Back: Principal Payments         $6,637   Principal Paid on Loan   29 - Depreciation           $(29,818)   Tax Depreciation on Building   30 TAXABLE NET INCOME (LOSS)         $(2,768)                                        What do you guys think of these numbers above?
Ian Livaich Determining Supply and Demand for Buy & Hold SFRs
29 January 2018 | 4 replies
Based on the description above, do either of you lean one way or the other (low vs. high demand)?  
Matt Romano Questions about first evection, Garage tenant.
28 January 2018 | 13 replies
@Matt Romano it won't surprise you that one strong recommendation is to consult an attorney, in this case one who specializes in commercial real estate.It's a little unclear from your description what's going on, but it seems like the tenant was renting a garage space as storage only and not living there?
Renee K. Inspector in Sparrows Point, Maryland
8 February 2018 | 4 replies
I live in Florida so I need someone who will provide a detailed analysis with pictures and descriptions.
Lissette Deleon Getting Traffic Through Open House
8 February 2018 | 6 replies
In the ad set level create a custom audience of people that watched a good majority of the video, 20% give or takeWith this ad, your going to want to make a stronger call to action to get them to actually show up. remember to make it creative people are tired of bland old ads, so make it worth their efforts.Now obviously there's a little more to it than that but I'm giving you a brief description of what is possible.Hope I provided you with some real tangible value.
Nathan McQueen 1031 Questions - Raleigh, NC
29 January 2018 | 7 replies
@David Miller is just about spot on in his description of the 45 day list.