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22 March 2023 | 13 replies
Wholesalers should adhere to industry standards and regulations, including obtaining the necessary licenses and permits, and disclose any conflicts of interest that may arise during the transaction.Overall, real estate wholesaling can be ethical if conducted with transparency, honesty, and integrity.
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23 June 2011 | 13 replies
Depending on the areas, I'm willing to budge on the cap rates that I try to maintain, or the financing I try to obtain.
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6 September 2010 | 48 replies
Should I go to the police with the info I have obtained about him?
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10 October 2014 | 12 replies
On almost all Multifamily including turn arounds the general rule to obtain financing is showing 90% occupancy for 90 days.
14 May 2018 | 34 replies
I have a borrower (self-employed) who is purchasing a 640k property in Orlando area who has had to clear up unexpected conditions in order to obtain a loan commitment, but he has done what was needed and we're back on track.However, we need a few days closing extension and the Listing Agent is difficult, likely because from what I hear, she has a buyer ready and she would get the entire 6% Points real estate commission.I'm trying to be nice, but the listing agent and her title agent refuse to surrender the seller's contact info.
30 July 2018 | 11 replies
We have obtained estimates for complete upstairs remodel including paint, flooring, all new bathroom, windows, appliances, central air for $13,100.Numbers:85000 for duplex + ~1400 closing (after split 50/50 per agent recs), + 13,100 remodel = $99,500 total25500 (down payment at 30%) + 13100 = ~38600 required up front 395.85 (P&I at 7%) + 180.36 (CapEx after remodel) + 222 (tax, insurance, vacancy monthly) = 798.21/month expensesAnticipated rent: Unit A = ~450 (hoping for section 8 revaluation if become owners), Unit B (after remodel) ~600 = $1050/monthFinal Numbers: ~250/month cash flow, 8% cash on cash, 3% cap rateMy questions:1.
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6 July 2015 | 21 replies
I hope everything goes well for obtaining your agent license, be sure to study well for the exam as the law portion can definitely be tricky!
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12 August 2015 | 11 replies
I am 20 years old, live in NYC, and am about to obtain my Real Estate License (hopefully within a month).
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11 November 2014 | 18 replies
If you want some tenant to obtain an equitable interest in your house, just let them do the maintenance and make repairs.
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3 December 2014 | 16 replies
I too could only think of driving around as the only method to obtain vacant properties.