
7 January 2022 | 6 replies
The only issue at that point would be condition including the roof, HVAC, plumbing, out dated electrical box, etc.

6 January 2022 | 1 reply
Lets take a look at the numbersOriginal Purchase: May 16, 2018-Purchase Price: $50,000-Closing Costs: 2,700-Rehab Costs: $10,650Total All In Cost: $63,350How I Financed Originally: -25% Down Commercial Financing ($12,500 down)-$37,500 Loan Amount - 5/1 ARM amortized over 20 years-5.25% Interest Rate-Monthly Payment: $365/monthRefinance Period: -Refinanced following completion of construction 4 months laterNew Loan: October 2018 -Appraised Value: $94,500-New Loan: $67,500-Closing Costs: $1,500-6.29% Interest Rate - 5/1 ARM 20 Year Amortization-New Payment: $692/monthI was able to take all of my original money out of the deal and pay myself a small $4,250 tax free payment "Just Because š "I now have $0 in the dealCurrent Rents: $1,049/monthCurrent Cash Flow After Refi: $357/monthResale Date: December 2021-Sale Price: $112,846-Current Loan Amount: $55,422-Closing Costs: $3,350.92-Commissions: $6,635.34Total Net Profit: $46,123.64I"ll now be doing a 1031 exchange and rolling that into a longer term multifamily building.

7 January 2022 | 1 reply
TLO gets very expensive at a dollar a pop, IĀ was using it because IĀ was under the impression it was the most reliable and up to date information.Ā

12 January 2022 | 7 replies
I have a condo I bought date 2019.

9 January 2022 | 4 replies
See here for the most up to date info IĀ have found:Ā Ā If you havenāt been following the news around SMS (text message) marketing and cold calling, there is some serious legislation being passed, and new protocols being implemented by carriers that you need to be aware of.If you do not take time to educate yourself, you could be facing a massive drop in response rate (best case) and very large fines and lawsuits (worst case).In this article, you will find everything you need to know to stay compliant while navigating the new rules of outbound marketing as a real estate investor.The Ultimate Guide to TCPA Compliance and A2P 10DLC RegulationsĀ

10 January 2022 | 8 replies
We plan to fix up units (some are fairly dated), raise rents as tenants move out and then refinance once our seasoning period is over.

6 January 2022 | 1 reply
So one good strategy would be to get that contract now for the portfolio but negotiate some wiggle room in closing dates so you can list and sell your old property before having to take title to the portfolio.It's possible for that portfolio to be considered one purchase as long as it is from one seller on one contract with one closing.Ā

6 January 2022 | 0 replies
I plan to line up this closing date just after my 2yr mark in the property.

7 January 2022 | 1 reply
May be a silly question but when you order an inspection should you be checking workers comp is up to date in the same way we check it for normal contractor work?

7 January 2022 | 0 replies
The rules often involve sending a physical letter.Question:Does anyone know how to auto-send a template letter when a certain date has passed?