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17 March 2017 | 9 replies
What were the additional costs you had to bear to get the Title Insurance (Not asking for numbers, just line items, one need to be aware of ) ?
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11 March 2017 | 4 replies
It depends on price point and how fast things are moving in your market...I stage a few items in the kitchen and bath for pictures...and have some chairs and tables I got at the thrift store ..add bright pillows and a few plants and place on the porch or deck ...again for pictures...I don't do the rest of the house ...
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12 March 2017 | 9 replies
Bryce Lowe-White In general, your offer should be based on what you know now from the original tour(s) of the house and compared to comps in the area.Credits after the inspection should be for major previously unknown items.
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12 March 2017 | 2 replies
When you record the deed, the tax collector dept automatically gets the information, which your deed should have your legal mailing address.
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13 March 2017 | 1 reply
Fast forward to a hastily completed job that did not fully meet the requirements and caused additional problems/work for the buyer (me) to remediate, and a seller unable/unwilling to complete the agreed-upon work within the confines of the Purchase and Sale Agreement terms, or provide appropriate credits for outstanding work. 2.The offer on this home was based on four major items being completed (we have in writing from listing broker): new roof, crawlspace insulation, attic insulation, french drain/sump pump.
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13 August 2019 | 3 replies
This is their home after all and window coverings are a reasonable item for them to put up.
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18 March 2017 | 16 replies
A couple of points for the ad Less words Include: description e.g. 1 b/1 bath then specify Included items wifi etc and at the end qualifications.
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15 March 2017 | 8 replies
He texted me when he returned saying that there was a valuable item missing.
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27 March 2017 | 16 replies
Note: Inspections are required for all work items that cost more than $5,000. The property is a one-unit owner-occupied home. The reimbursement is limited to the cost of materials or the cost of properly documented contract labor (sweat equity may not be reimbursed). )So if the ARV is $120,000 , does this mean that you can ONLY borrow a MAX of $12,000 ( 10% of the $120,000 ARV ) to use for the Materials to repair and renovate the Property..... and you do the Work yourself ....aka FREE Sweat Equity on your part ?
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16 March 2017 | 6 replies
I did it within 90 days (Sort of) Items Standard Cash Flow Actual Cash Flow Purchase Price $47,000 $47,001 Repair and other costs $6,500 $6,500 Total Cost $53,500 $53,501 Cash to close $13,375 $53,501 Monthly Rental $920 $920 Mortgage (25% down 30 years) $185 $0 HOA & CPA $38 $38 Insurance $50 $51 Property Tax $142 $142 Mgmt (10%) $92 $0 Vacancy (5%) $46 $46 Repairs (10%) $92 $92 Sub Total of Monthly Maintenanth $644 $368 Monthly Income $276 $552 Annual Income $3,310 $6,621 Cap Rate (Net income / purchasing price) % 6.19 12.38 Cash on Cash % 24.75 12.38Photos.Lessons Learned#1.