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3 June 2015 | 16 replies
She says she probably needs to take leave without pay from work, as well as possibly leave Denver and Colorado to head back to her parents in Indiana, so they can help with the situation.
2 June 2015 | 7 replies
Remember you don't have to own a property to control it.
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23 May 2016 | 33 replies
Here are some of the key stats:Purchase Price: $2.8MUnits: 100Unit Mix:50 3bed/2bath's @ $580/month50 2bed/2's @ $425/monthFinancing Approach:80% Bank20% 10% down payment10% seller financing @5% with a 5 year balloonConservative Annual Financials Financials:-15% vacancy-Rent potential: $618,000-Property Taxes: $30,000-Insurance: $21,000-Maintenance / Repairs: $60,000-Water / Utilities: $68,000-Advertising: $4,500-Property Management: $52,530 (management fee and employee salaries)-Garbage and Recycling: $15,000-Landscaping / Pest Control: $18,000-Security: $5,000In summary:-$525,300 gross income-$273,030 total expenses-$177,396 (5%) annual mortgageoFirst 5 years: Seller financing repayment on 10% of purchase price @ 5% interest rateOpportunities:-Sub metered, but water is covered by current owner (~$55k)-Increase rent on 2/2's to $485We would love to hear your thoughts on the good, the bad, and the things we haven't considered or simply answer any questions that you have.
3 June 2015 | 8 replies
@Kristoffer TierYou never acquire by lease option, you can control property tho.Sandwich lease options, you can sub lease and sub option, but you better have reserves and pay that seller on time, even if your subtenant does not pay you.
12 June 2015 | 1 reply
Apparently, in LA, with a rent controlled apartment, which it is, they will have to pay us to move out so they can renovate?
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2 June 2015 | 2 replies
I am in the middle of moving an old 401k into a self directed "check control" IRA and planning on slowly putting it all in liens and deeds.
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2 June 2015 | 3 replies
Long story short, my ex had complete control over me and my finances, so I couldn't do anything about it.Thank you for your responses!
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19 June 2015 | 33 replies
Remember you don't have to own a property to control it.
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10 July 2015 | 22 replies
Remember you don't have to own a property to control it.
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3 June 2015 | 7 replies
BP might be the best option quickly.My wife and I are setting ourselves up to have a couple "lines of credit" type fall backs that we own and control.