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13 March 2014 | 18 replies
Sometimes I deal with it, sometimes my end buyers deal with it.
11 February 2014 | 5 replies
What kind of property is ideal for beginners with a full time job ?
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11 February 2014 | 15 replies
As an investors agent my goal is volume, assuming we work well together and the first deal is truly a deal, the ideal is that you WILL return.
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11 February 2014 | 12 replies
Yes, when forced to resort to such arrangements, it's not ideal long term.
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15 February 2014 | 7 replies
To do that, you will likely not be able to assign them because they are REO I deals and likely prohibited via the purchase contract verbiage, so you must lock them up in the name of a new entity or a trust and then sell the entity or the beneficial interest in the trust.
11 February 2014 | 5 replies
It looks good to me, but nothing gets by the Deal Analysis Forum.Here are the details:Asking Price: $230,000 (I ran my numbers on $220,000)Units: (4) 2 bed / 1 bath, rent for $700 eachBuilt 1966Tenants pay utilitiesIncome: $700 x 4 = $2800 / month or $33,600 / year Expenses (per month): Insurance: $66Taxes: $346Vacancy: $280 (10%) Management: $280 (10%) Misc repairs/Long term capital expenses: $428^ I just took 50% gross rents and subtracted all other expensesNOI: $1400/month = $16,800/yearFinancing:$220,000, 20% down = $44,000Loan of $176,000 at 5% interest = $944 monthly payment Cash flow of $1400 – 944 = $456 or $114 / doorOR (if I Owner Occupy)FHA 3.5% down = $11,000Loan of $209,000 at 3.5% = $1,012 monthly payment NOI of $700 (since I will be occupying one unit) means cash flow of -$459 (assumed $147 of PMI added)This property is in an ideal location - great neighborhood, proximity to schools, park, and community rec center.
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8 January 2015 | 44 replies
However, for some landlords and some tenants, this set up could be ideal, barring any unforeseen problems on either end.
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3 January 2015 | 1 reply
I am not bragging or stroking my own ego here, but I see so many forum posts of people who had a bad experience and talk about how they wanted to quit, or asking people if they should quit.To be honest, quitting has never crossed my mind.
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16 January 2015 | 10 replies
Ideally I want to find a seasoned vet that needs a hand with some of their legwork in exchange for some advice!
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12 June 2017 | 29 replies
@Cecilia Cobar Let me know where you guys are looking for properties, and what's your ideal property.