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26 September 2016 | 5 replies
The reason is because closing costs are not(by law) allowed to exceed a certain percentage, and under $35k it automatically does, because most banks closing costs are set.
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21 September 2016 | 6 replies
You could try to isolate the central air value by running multiple sets of comps where the only difference is central air.
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18 September 2016 | 7 replies
Here are some good places to start: http://www.biggerpockets.com/meet- find and connect with other BP members that are in your area.http://www.biggerpockets.com/alerts - Set up keyword alerts to be notified of the topics that interest you.And, of course thehttp://www.biggerpockets.com/forums - ask any question about real estate!
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16 September 2016 | 8 replies
Some potential drawbacks to keep in mind are:Additional closing and loan origination costs (two transactions/mortgages instead of one) - speak to your lender and title company about costsTwo insurance policies instead of one - probably close to double the insurance cost as compared to a duplex - get a quote from a good insurance agent and compareTwo sets of property taxes instead of oneThese certainly aren't deal killers, and the benefits noted above may outweigh the disadvantages.
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27 September 2016 | 13 replies
Set up keyword alerts for the areas you want to work in and see who is posting about those areas and message them.
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15 September 2016 | 5 replies
I just had a property turn over and followed this procedure for the showings:I advertise the property and handle all calls, emails, texts on it and set up viewing appointments (I group them all within 30-45 minutes on one day)The current tenants show the property to prospective rentersWhen someone applies, they email or fax in the application and pay the application fee via PayPal (although I am now trying out Cozy for applications) and I process the applicationIf the application passes, I prepare and email over the lease for signatureWhen the lease is signed and sent back to me, I send over a payment request for the first month's rent (via Dwolla or Cozy)At the check-in, I drive to the property to check them in myself and collect the security deposit in secured funds (or use Cozy to collect it beforehand)I have been doing the above for a long time and it has worked pretty well.
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26 September 2016 | 6 replies
Hi everyone I have set a goal to purchase my first investment property in December of this year.
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18 September 2016 | 4 replies
But once you get started, do not let set backs deter you from your goal.Good luck.
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15 September 2016 | 1 reply
I am not trying to throw cold water on your plan, but be sure you understand the risks involved before investing.
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16 September 2016 | 7 replies
Chase set it up with the Federal tax ID bus would not allow me to sign as president.