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15 June 2018 | 0 replies
I wanted to reach out to folks that have rental properties around the Houston area and offer cleaning services for Airbnb/ move in/ move out cleaning.
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27 June 2018 | 9 replies
Derrick and Daniel, my General Contractor company, Property Pro Services, LLC could provide you with investor repair, renovation and remodeling services.
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18 June 2018 | 4 replies
Typically you will want to work with a direct to FNMA lender that doesn't have any overlays, but smaller community banks or credit unions that service their own loans could work as well.
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23 September 2019 | 1 reply
Total Insurance Estimate $ 262.50 Current rent $ 800.00 $ 9,600.00 $ 10.40 $ 21.88 Less: vacancy allowance - 10% $ 40.00 $ 480.00 Net Rental Income $ 760.00 $ 9,120.00 Property Taxes 2.5264% $ 505.28 Plus: Other Income $ - $ - Total Income $ 760.00 $ 9,120.00 $ 9.88 EXPENSES Property Management $ - $ - Repairs & Maintenance $ 100.00 $ 1,200.00 HOA $ 250.00 $ 3,000.00 Advertising & Legal Insurance $ 167.00 $ 2,004.00 $ 2.17 Total Expenses $ 517.00 $ 6,204.00 $ 6.72 Net Operating Income (NOI) $ 243.00 $ 2,916.00 Less Debt Service (PI) $155.06 $ 1,860.72 $ 2.02 Less Property Taxes $ 42.11 $ - Net Cashflow $ 45.83 $ 1,055.28 Operating Expense Ratio 68.0% (Total Expenses/Total Income) MORTGAGE INFO Total Loan Amount $ 20,000 Type of Loan Seller Financed Term (Months) 240 Interest Rate .07 Down Payment $ 2,000 10.00% Monthly Payment (PITI) $155.06 Purchase Price $ 75,000 Closing costs $ 3,000 Rehab $ 7,000 Total initial investment $ 85,000 LTV 27% Loan Amount/Purchase Price Cap Rate 4% Annual NOI/Price Cash-on-Cash Return 146% Annual before-tax cash flow (i.e., NOI)/Down payment
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19 September 2018 | 9 replies
Full of card numbers and crossed out card numbers with notes like “Declined at Panera 10/6, and Declined at WalMart 10/14, etc.”Turns out she was a card tester for a local stolen card ring and apparently she just decided to use one of the stolen cards for a mini staycation.She shows up while the Sheriff is collecting evidence, gets arrested.
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20 June 2018 | 1 reply
I heard a story that with IREM some people can not access the classes with their computers, and then that IREM customer service does not respond, and will not refund anyone with issues accessing the course they purchase.
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16 June 2018 | 7 replies
Just do a "for sale by owner" or use a listing service to get it on the MLS.
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16 June 2018 | 1 reply
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22 June 2018 | 30 replies
We just pay for legal and accounting services, if neeeded..
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17 June 2018 | 2 replies
Landlord tenant law and fair housing is enough to get most new investors to think twice...plus unless you have access to PM tools like screening services, MLS and other rental marketing sites, vetted leases, vendors to handle repairs...you should let a professional handle it.