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15 September 2015 | 3 replies
The repairs seem extensive including bad insulation, minor roof repairs, faulty structure, floors are uneven (home is a little over 100 years old) galvanized pipes, old water heaters, among other among issues.
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15 September 2015 | 0 replies
Now we're in a breach of contract, with only $3,500 deposit at stake on a $333,500 package.Gave an extension of 2 weeks to hammer out some type of deal agreeable to all parties involved.Cut 2 properties from the package ($160,000), Buyers came back with half-down and Seller agreed to finance the other half for 1 year with guaranteed monthly income.The Buyers will have enough time to finish repairs, get all units occupied, obtain permanent financing, and everyone comes out a winner.Hard to make up 7 months of your life.
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17 September 2015 | 2 replies
I foresee this being an issue because I'm collecting an income from the property.
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15 September 2015 | 1 reply
Investing in renting apartments to tenants, maintaining their units, and collecting rent yields a lot of money.
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19 September 2015 | 13 replies
At some point the borrower fell behind and collection efforts failed, however FCL never took place.
25 October 2015 | 71 replies
They want their ROI now without realizing that they might be collecting their yield in the form of return of capital, not return on capital as veteran investor @Bob Bowling pointed out.
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16 September 2015 | 4 replies
Typically 10% of collected rent.
16 September 2015 | 0 replies
TOOLS REQUIRED-Post hole digger, long handled pointed shovel, baulk-line, measurement tape, power tool with plastic cutting blade, extension cords, concrete combination tub, 4' level.
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16 September 2015 | 1 reply
I have been managing properties for over 7 years and have always taken the position of if the tenant can't pay, evict them. This time, I have completely deviated from my rules and through discussions initiated by the ...
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17 September 2015 | 5 replies
I responded and asked for a custom agreement because i live downstairs and can collect the rent myself and possibly handle maintenance ;)...did not hear back!