
10 June 2020 | 2 replies
But you can only dig so deep on tenants who are already in place - It's not like you can ask for bank statements and credit card balances to confirm each tenant has sufficient reserves to meet the remaining term of their lease - So past performance is no guarantee of future performance.Ultimately, those tenants have a lease that you are contractually obligated to honor (just like they are) until it is terminated one way or the other.

10 June 2020 | 4 replies
Can I just put up a "for rent" sign in the yard once the major items have been taken care off and the provide a list of all the remaining items to an accountant who can make a determination for me?
12 June 2020 | 11 replies
Many of the buyers who've intended to buy pre-COVID-19 were sitting on the sidelines during the lockdown so there's a bottleneck of buyers while the inventory has mostly remained the same and people clinging onto their homes riding out forbearance, which ought to expire towards the end of this year.

11 June 2020 | 3 replies
So to summarize, here is the breakdown of everything:Rehab: $28,990Loan Pay Off: $186,745Closing Costs: $3,500Total Expenses: $219,235ARV: $277,00080% LTV: $221,600Loan Skip + Escrow Balance: $1,546Total Income: $223,146Remaining after loan pay off: $32,901Profit: $3,911 (Remaining - Rehab)Previous Monthly Payment: $1,242New Monthly Payment: $1,274So all in all, my monthly payment is only going up by $32/month (thanks to all-time low rates), I put a butt ton of equity in my home, pulled the equity back out to invest in something else, and got an extra $3,911 in cash.

11 June 2020 | 4 replies
Not too long ago you could purchase six properties with 20% down and the remaining four with a 25% down payment.

7 July 2020 | 21 replies
Although Corona is terrible, as more time passes, the number of foreclosures will go up as unemployment remains high, leading to more opportunities to investors (let me reiterate, I think Corona is terrible)I foresee a lot of one off wholesalers going off to the wayside since many "mom and pop" investors will not have the additional capital to invest.

14 June 2020 | 1 reply
Full time educator that runs her other real estate school- Brokerage has own app where we store training videos and guest speakers from our events- Mentoring program for new agents to shadow experienced agent- Brokerage creates template personal site for me- 2 education classes/month via Zoom- 1 Sales meeting/month for education & motivation- 1 meeting/month on technology use, a staff member that deals with IT needs- 70/30 Split- $355 Annual Office desk due- 2% Transaction fee- No lead production, produce own leads, repeat & referral- 223 current & pending listings- Have had new agents close 20 homes in first year and other only 6 homes; variesBrokerage C:- This is Keller Williams, so probably pretty standard and y'all are familiar with them, I'm sure- Within my region: Own 12% of all inventory; 600 to 900 active listings and closed just under 3,500 homes last yearBrokerage D:- 21 agents in local office- Momentum Program for training- 95% commission paid on a transaction, fees included but you choose how much you want to spend (private office/shared office/WFH office,- Brokerage does not provide leads but can obtain leads from sister brokerage, no cost- Currently 82 listings, 50 active, states it is currently a seller's market- Goal is to sell at least $2,000,000 per year- Average sale price for last 90 days (8 properties) is $260,400Brokerage E:- Training videos available- Weekly sales meetings- Ninja sales training 2-3/month with Q/A's- Offer a one-on-one mentorship program for new agents- Mentor and I would split commission 50/50 first couple of transactions or when I'm ready to go solo- Lesser degree mentorship for 75/25 commission- $46.50/month Brokerage fees Plus $25/month on E's&O's- Own website on brokerage webpage for $10/month- 70/30 Commission split; 95/5 for sale milestones- Once you pass $5M in sales, you're still on 70/30 split until you pay out brokerage $20,000, which in turn split becomes 95/5- 3% broker fee each transaction with $3,000 cap- Can provide leads by signing and paying up for different things (ICC/OPCity/Buyside)- 255 active listingsBrokerage F:- Extensive 6 week onboarding process for training- No monthly fees; biz cards/signs/lockboxes/marketing all paid for- Provides leads- 2 CRMs that hold database of your clients- Usually 100 listings at any given time, lower now because of Covid- Minimal standard to remain with company is 24/year.

7 April 2021 | 13 replies
The extra AC unit was a nice touch to keep a tenant satisfied, but I would not have given a rent discount.

26 April 2020 | 6 replies
Doing that will (as you may already know) will avoid PMI when you refi into a permanent loan, thus satisfying your HELOC.

21 April 2020 | 7 replies
I would suggest wording the notice is such a way that you can discuss other options for this tenant to park his/their vehicles that would satisfy both of you.good luck.