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24 April 2018 | 1 reply
I'm considering supplying them with my inspection report where the inspector noted several components in either "Fair" or "Poor" condition.
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24 April 2018 | 2 replies
This is one of the larger empty commercial lots very close to a highway, but just behind the main street.
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2 May 2018 | 5 replies
i can see my wife and i building up our supply of yard equipment, especially if we're living in that property for a year or two. i love the idea of getting a chipper - we have some smaller trees that we need to cut down before they become an issue, and it'd be great to turn them into mulch.we didn't know goats could be rented - sounds like a great idea!
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25 April 2018 | 1 reply
There aren't many 2 car garages in the area that are this usable (some are mostly unusable).Initial Repairs: $7-10k (mainly new paint, carpet, lower cabinets in the kitchen, glass block in basement and upstairs bathroom, updating bathroom)Expected Rent: $700/mo (probably doing Section 8)Expenses = $310/mo (based on items below).10% Property Management: $70/mo10% repairs/maintenance: $70/moRE Taxes: $35/moInsurance: $57/mo10% Cap X: $70/moI've used different real estate calculators but since they ask for the information differently I seem to be getting different numbers for my cash on cash returns and cash flow.
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25 April 2018 | 4 replies
The main thing is to be proactive and transparent- hire an exterminator to come and secure the property from any intrusions and set traps as a precaution (be proactive - rats and mice will always find a way in if there is one).Try to get an idea of when construction will end or at least when the demo phase will end.
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27 April 2020 | 115 replies
My own work has not had dramatic fails, mainly because I don't rush it.
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29 April 2018 | 3 replies
They will code the property, the category it belongs to, and pass that to the accounting department.If you hire a general bookkeeper, you might see that problem of coding it completely wrong versus someone that focuses mainly on real estate.To give you a bit of an insight, I am a developmental controller and I am currently handling over $200 Million in transactions for residential/developments.
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24 April 2018 | 4 replies
(Applicants will sometimes give the number for their friend or family member who then poses as the person you think you're calling.)When calling the applicant's work, I'd recommend calling the main, publicized number for the business rather than the number the applicant provides.
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24 April 2018 | 0 replies
I will be mainly relying on homeunion to take care of my property"..... now in 2018, nothing in Boston surrounding areas makes a lot of sense anymore.
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24 April 2018 | 10 replies
Ryan - I would say yes to the main question ...its best to start with using hypothetical scenario that is likely higher than you plan to use ...ask the lender to use these figures...provide them with all the data they request ...ask them to fully underwrite and approve the file ( versus just providing a " pre qualification " opinion based off a loan officer reviewing the data ) ...getting a firm / formal loan approval commitment is free and this should allow you to know exacatly where you stand