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17 January 2025 | 7 replies
(They did multiple inspections, also came for several full afternoons to just poke around the house while we were living there.)
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17 January 2025 | 28 replies
Then hire a handyman to put everything together.Rooms to go sells whole rooms full of furniture, sometimes at zero interest.
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17 January 2025 | 4 replies
Most (not all) HELOCs require that the property is titled to an individual (not LLC) and are full doc, meaning your employment history, income, DTI etc will be factors.
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13 January 2025 | 17 replies
Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).
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19 January 2025 | 41 replies
I agree with everyone else, fight this, go to the police station and file a report!
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21 January 2025 | 14 replies
I'm a full time agent and have clients that request cleaning services oftenSent you a message
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24 January 2025 | 18 replies
Ultimately I'd like to get enough going with either real estate or small business to do it full time.
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22 January 2025 | 22 replies
You can do an exchange for less than the full amount, but you will owe taxes on the boot.
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21 January 2025 | 40 replies
Having a "master" accounting software allows you to blend all property-specific info with general business info to see your full financial picture.
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29 January 2025 | 23 replies
This is what I am encountering, in the current Mortgage Industry.If you think you will go FHA, Conventional, FHA 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.