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23 January 2020 | 62 replies
To avoid any aura of unethical "self-dealing", provide them with a CMA for what you plan to sell it at, list it at that amount, and write in a flat commission for the amount you would otherwise make as an "assignment fee" into the listing agreement.
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21 January 2020 | 9 replies
The problem is, population has been flat for 30 years so there is not much appreciation. 8 units being commercial is a different underwriting procedure then residential with the 1% rule, but, you can get a very quick idea of the valuation within seconds with the 1% rule.
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23 January 2020 | 7 replies
Plus, have things done just flat out wrong.
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29 January 2020 | 7 replies
So now instead of being able to screen the pet(s) up front and identify this issue right away, you now have an aggressive animal on your property until A.
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21 January 2020 | 8 replies
For example, if your partner is already a successful real estate investor, then maybe they will bring due diligence experience, mentorship for you, qualifications for a loan, relationships with realtors, contractors, lenders, title companies, insurance agents, etc.Then your value, for example, will be to search for the right property, manage the rehab, screen, quality, and lease to tenants, and property management.And you each bring whatever monetary capital you have for the deal.
22 January 2020 | 23 replies
An informal rule of thumb I've found is that if two months rent is greater than property tax and insurance combined, the numbers usually work well.A couple random expenses I've had from my two properties since April (after tenant moved in):Central air issue, broken screen on screen door, lack of hot water in shower, clogged drain from toiletI'd be careful in renting to a friend.
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23 January 2020 | 38 replies
Aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications -- pulled reports from TransUnion, which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).
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21 January 2020 | 3 replies
I said yes, as long as the individual passes a credit check and background screening (through Cozy.co).
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23 January 2020 | 8 replies
Looking at the area price trends, things have been flat since 2014, I would guess this property won't appreciate very well at all.
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4 February 2020 | 47 replies
My kid is in high school and he's allowed to listen to music and stare at his screen as long as his work is done.