Jon Quijas
9-5 is Draining My Life. Need Wisdom for Financing Next Step
12 July 2016 | 24 replies
HI Jon,It looks like 75% cash out on the rental would be around 4.250% on a rental property condo and cash out so that means you'd be able to access about 145k in capital (prior to closing costs).A conservative route may be to take the lower 4%'s 30 year cash out since the payment is a predetermined amount per month that won't fluctuate.As long as your new investment you make is earning a return that is higher than your increased payment on your rental property and earning enough of a return on what you're looking to buy you should be ok.Some say you should obtain a rate higher than the one you're borrowing at but the truth is the rate isn't all of the payment and in financial theory that sounds great but you in reality you'll want income that is in excess of the entire mortgage payment which consists of the interest cost and the principal portion too since this is what has to leave your pocket each month.
Moncy Samuel
Eviction filed and tenant deposit
8 March 2018 | 6 replies
If they do not respond to your pay or quit in the predetermined timeline, I'd continue, as it's likely this will become a pattern, but you need to talk to a lawyer.
Maxim Khanin
Obligation to test for mold - no evidence?
25 February 2020 | 17 replies
No need to get a lawyer but having a predetermined rate established with a lawyer who specializes in property law could be lifesaving in the future.
Nicole Obregon
Would you rent to someone who had a past eviction?
1 December 2018 | 138 replies
Tenants either pay when they get the court notice and realize I'm serious or tell me there is no way they can pay and give me the keys within a short predetermined period.
Caleb Webster
Advice on how not to lose your shirt with owner-paid utilities
5 April 2019 | 11 replies
I've heard of thermostats that you can restrict to a predetermined range.
Account Closed
Investing Internationally
28 May 2014 | 32 replies
While there is some truth to what's being said regarding homes being torn down at what appears to be a rather pre-mature time, especially in comparison to North American homes which may be in use well over 100 years, a lot of the information contained is reflective of theory - derived from a predetermined "depreciation" formula established by the government, in essence, to keep the economy humming.The basic formula was determined by taking the age of all the homes that had been razed, and averaging out their age.
Marlon Freeman
Replacement Reserve Funds
24 August 2014 | 20 replies
Once I hit a predetermined amount of reserves as others have suggested above, then the excess money goes to other things.
Gracy Josh
Early lease Termination
4 August 2014 | 4 replies
Early termination is a pre-determined 'fair amount' to cover for damages from early termination.
Dan Graney
Shared laundry area.
4 April 2016 | 5 replies
What I proposed is that I put in the lease that the upstairs tenant, again me for now, will have use of the laundry facilities for a predetermined period of time.
Kenneth E.
Help me automate my wholesaling processes....
21 November 2016 | 40 replies
They use my script, and handle the calls the way I want them to, enter the data where I want, and follow up on a pre determined schedule.