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Results (10,000+)
Candice Cervantes Deal Analysis New Construction V. Older
13 October 2024 | 5 replies
Area is probably a B- to C
Rahul Sivaswamy How to budget for Lease renewals and Tenant replacement
13 October 2024 | 3 replies
Class B should be 10%, Class C 20% and good luck with Class D.Your approach to analyzing properties is also flawed!
Caleb L. Is it legal to bird dog in Texas without a license?
16 October 2024 | 17 replies
(vii) would seem to indicate that you'd be acting as an unlicensed broker.(1) "Broker":(A) means a person who, in exchange for a commission or other valuable consideration or with the expectation of receiving a commission or other valuable consideration, performs for another person one of the following acts:(i) sells, exchanges, purchases, or leases real estate;(ii) offers to sell, exchange, purchase, or lease real estate;(iii) negotiates or attempts to negotiate the listing, sale, exchange, purchase, or lease of real estate;(iv) lists or offers, attempts, or agrees to list real estate for sale, lease, or exchange;(v) auctions or offers, attempts, or agrees to auction real estate;(vi) deals in options on real estate, including a lease to purchase or buying, selling, or offering to buy or sell options on real estate;(vii) aids or offers or attempts to aid in locating or obtaining real estate for purchase or lease;(viii) procures or assists in procuring a prospect to effect the sale, exchange, or lease of real estate;(ix) procures or assists in procuring property to effect the sale, exchange, or lease of real estate;(x) controls the acceptance or deposit of rent from a resident of a single-family residential real property unit;(xi) provides a written analysis, opinion, or conclusion relating to the estimated price of real property if the analysis, opinion, or conclusion:(a) is not referred to as an appraisal;(b) is provided in the ordinary course of the person's business; and(c) is related to the actual or potential management, acquisition, disposition, or encumbrance of an interest in real property; or(xii) advises or offers advice to an owner of real estate concerning the negotiation or completion of a short sale; and
Mary Jay Tenant keeps complaining but wont do anything or let me do anything
13 October 2024 | 18 replies
Give them written notice that you responded to their request by offering to inspect and by providing a window A/C.
Murali Jesudoss My first deal in Hunstville, AL - Recommendations
13 October 2024 | 14 replies
I would like to know, if you have good success with Property Management teams in Huntsville market as my property in in C area(35810) and like to get a very good team who can find good tenants and handle the property well.Also, if you had general contractors who you had success with as well, as I am looking to do new flooring to this home. 
Jack Lee Multifamily Analysis Recourses?
15 October 2024 | 15 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
Phil C. Apartment maintenance management
13 October 2024 | 1 reply
Quote from @Phil C.: You could advertise the position among your tenants.
C Rutherford Responding to tenants
12 October 2024 | 9 replies
@C Rutherford, a few thoughts:1.
Calum Bressington Has Anyone converted a multimember llc to a sole member llc?
12 October 2024 | 7 replies
After becoming a sole-member LLC, report income on your personal return (Schedule C).
Mark Dutton I hate having mortgages
18 October 2024 | 34 replies
To add additional context,  I would personally be more willing to sign my name onto a $6M mortgage collateralized against a $10M asset in an "A" market that has historically low vacancy rates, no deferred maintenance and is located in a stable market with a rent roll that covers the debt services and operating expenses with reasonable cushion for reserves than sign my name on a $90,000 loan collateralized against a $100K property in a C/D unstable market with high vacancy rates and where capex will disproportionately impact operations.