
17 March 2017 | 7 replies
From your description it sounds as though the skimming procedure has solved your problem.

22 February 2016 | 5 replies
You will recognized all of your gain if you trade down too far in value, which looks to be the case in the description above.

31 May 2017 | 3 replies
So here are my future numbers: Address Type Sq Ft Rent 4102 2 bed 1 bath 945 $800.00 4102 -A 2 bed 1 bath 945 $800.00 4102 -B 2 bed 1 bath 945 $800.00 4102 - C 2 bed 1 bath 945 $800.00 4106 A 3 bed 1 bath 945 $800.00 4106 B 3 bed 1 bath 945 $800.00 4110 3 bed 1 bath 945 $800.00 4110 A 3 bed 1 bath 945 $800.00 4110 B 3 bed 1 bath 945 $800.00 4110 C 3 bed 1 bath 945 $800.00 Total 9450 $8,000.00 Income Rental Income $96,000.00 Total Income $96,000.00 Expense Utilities $2,000.00 Water/Sewer $3,000.00 Taxes $4,000.00 Management Fee (8%) $7,680.00 Home Insurance (both) $4,000.00 Vacancy (7%) $6,720.00 mtg Total Expenses $27,400.00 Net Operating Income $68,600.00 I am getting hard money loan with these terms: LOAN AMOUNT: 80% of the purchase price and 80% of construction costs COLLATERAL: 1st DOT on subject propertyTERMS OF LOAN: Type: Multiple advance loanLength of Term: 270 days (looking to extend this to 12 months)Rate: 10% per annum with interest paid monthly Loan Fee: 2% of loan amount paid at closing by BorrowerDoc Fee: NonePrepayment Penalty: NoneBorrower Down Payment: 20% of purchase price and 20% of construction costs (can be held at a security deposit in lieu of a downpayment, in which case the loan amount will be 100% of the purchase price & construction costs)APPRAISAL REQUIREMENT: Approved appraisal required to indicate the 'As-Is' Value of the subject property to be at least equal to the purchase price and 'As Complete' Value of at least 70% Loan-to-Value, paid for by BorrowerGENERAL REQUIREMENTS: Review and approval of Borrower's itemized construction budgetConstruction funds to be advanced in draws as requested by Borrower according to % completion, approved 3rd party inspection company will inspect property at time of each draw request, $150 fee per draw/inspection, detailed instructions attachedReview and approval of Purchase ContractReview and approval of Borrower’s brief description of experience, current credit report (Authorization Form attached), proof of funds, last 2 years tax returns, W-2’s and pay stubs and additional info as requested by LenderAcceptable drive-by inspection of property by LenderIndividual guarantee required if Borrower is a corporation, LLC, partnership, etc.Interest payments shall be paid to Lender through automatic payment service (auto debt)Title insurance and property insurance acceptable to Lender paid by BorrowerOther documentation and information may be required as determined necessary by LenderMy end goal here is to buy and hold with the BRRR strategy to get most of my capital investment funds out.

19 December 2016 | 15 replies
To begin an eviction action, the plaintiff, usually the landlord, must file a petition in writing stating the following:(1) the name of the plaintiff;(2) the name, address, telephone number, and fax number, if any, of the plaintiff’s attorney, if applicable, or the address, telephone number, and fax number, if any, of the plaintiff;(3) the name, address, and telephone number, if known, of the defendant; and (4) if the plaintiff consents to email service of the answer and any other motions or pleadings, a statement consenting to email service and email contact information.In addition, the petition must contain the following information:(1) a description, including the address, if any, of the premises that the plaintiff seeks possession of;(2) a description of the facts and the grounds for eviction;(3) a description of when and how notice to vacate was delivered; (4) the total amount of rent due and unpaid at the time of filing, if any; and(5) a statement that attorney fees are being sought, if applicable.The complaint should list all home and work addresses of each tenant and state that the landlord knows of no other home or work addresses of the tenant in the county where the premises are located.Each tenant who has signed a lease must be joined in the eviction proceeding.Filing FeesThe Justice of the Peace must collect fees for the filing of a petition in the Justice Court.

3 September 2015 | 25 replies
We’ve done it 15,000 times.Sure, that is a very simple description but it is not hard or crazy and if it all goes sideways your are sitting with a ton of land that you can sell for cash.Hope this helps!

5 December 2014 | 3 replies
(10%)13.When you advertise your job on Odesk, give the rough description of the job.
23 January 2015 | 32 replies
This is probably descriptive of myself, so let me defend these guys for just a second.

17 April 2015 | 5 replies
In the description above, I'm using references to other cells.

19 November 2007 | 26 replies
I did not see too much of the city so hard for me to compare it.I find Portland OR fits the description of a small city with all the things you might want in a big city.

10 May 2016 | 1 reply
The time you spent on it is zero and you just deduct the cost of the cleaning from the deposit since you have proof of invoice with a description of the neglect they discover and clean.