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14 February 2020 | 13 replies
Here is a rule of thumb:NOI = Gross rents x 50% (this is the 50% rule and it applies for properties in B/C areas; lower for A and new builds and higher for D/F properties)You can submit an LOI if based on this assumed NOI the deal makes sense.
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11 March 2020 | 8 replies
The $89 sounds like the PM's fee for calling , scheduling , going to the site , and then submitting you an est .
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12 February 2020 | 0 replies
We have submitted your contract package to the seller and expect the seller to sign within 10 calendar days.
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16 February 2020 | 4 replies
.- Have applicant initial off on a copy and submit with the application.- Don't include any questions about criminal backgroundAfter processing the application, send out a credit approval/rejection letter.If approved, you may then obtain written consent to perform a background check. - If background check passes, send an approval letter.- If background check doesn't pass, send a 'right to dispute letter'
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14 February 2020 | 3 replies
I know, I have to deal with a random co-broke on every deal.Here is what may help to understand:Before a buyer becomes a client to me, we have had a face to face meeting (or a video call) so I understand what they are looking for and how the roll.
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21 February 2020 | 1 reply
Are you planning on using a realtor or will you be submitting the offers yourself?
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14 February 2020 | 3 replies
When you're actually getting ready to submit a LOI, sort out the details.
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25 February 2020 | 7 replies
So after attending those banquet room rented real estate venues, reading real estate and financial literacy books, and surfing youtube videos I have finally have come to BiggerPockets!
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17 February 2020 | 41 replies
I had a mold expert out already who has verified there isn’t a mold issue and immediately took video that shows no other issues.
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16 February 2020 | 30 replies
To get good deals from brokers, you'll have to build good relationships with them and also establish yourself as a credible buyer.With regard to submitting low offers, the best advice that I can offer you is to speak with the broker and see what they say before submitting it.