Matt Owens
What has been the most productive service for mailers/ contacting potential sellers?
21 August 2024 | 6 replies
Other options are Postcard mania, Ballpoint marketing and GoBig Printing.
Bobby Sharma
WORST cities for permits, code enforcements, city inspectors
26 August 2024 | 28 replies
I am familiar with the "rudeness" but that unfortunately is not so uncommon when dealing with government employees who have to deal with the public on a daily basis and is something you just have to have thick skin for.
Lindsay Heller
Major for college?
23 August 2024 | 19 replies
It pays well and allows you to build connections in the real estate world (if you are working privately and not for the government).
Sherman Arnowitz
To Service Or Not To Service?
20 August 2024 | 2 replies
This can be an extremely time-consuming and frustrating process but needs to get done.Borrower Calls – Once the servicer finds your borrower, they’ll make scheduled collection calls notating what transpired and what actions need to be taken.Collection Letters – A variety of collection letters are mailed out based on the delinquency of the borrower.Borrower Statements – Print and mail out monthly borrower statements.Incoming Funds from Borrowers– Any incoming funds from the borrowers will be received, recorded, and distributed to the investor, less the servicer’s fees.Year-End Tax Information – At the end of the year, the servicing company will print out all eligible borrowers who have made interest payments greater than $600.
Greg Friedman
Hiring a property manager vs doing it myself
20 August 2024 | 21 replies
Some property managers charge a months rent just to renew the client so read the fine print.
Account Closed
is Renatus the Real Deal or a Scam?
30 August 2024 | 70 replies
The world is a MLM led by the largest....the government.
Samuel Coronado
Getting ready to develop park
21 August 2024 | 9 replies
But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).
Vitali Ganon
Real Estate Investor in Jacksonville, Florida, Looking to Build a Professional Team!
21 August 2024 | 5 replies
Why do you think purchase contracts are so long and have such small print?
Peter Firehock
Springfield Virginia (Washington D.C. Suburb) Buy and Hold Thesis
22 August 2024 | 10 replies
What if the next regime downsizes government or we continue to decentralize it?
Charlice Arnold
Referral Programs in Real Estate: What Works Best?
21 August 2024 | 4 replies
In the parlance of the Federal government, such loans are called loans on one-to-four family dwellings.