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30 March 2024 | 25 replies
i'd never tell anyone to buy a property that they're negative $350 a month on unless they had a long term plan for it that included making money somehow
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28 March 2024 | 34 replies
For the shoe store that would include things like your utilities, rent on your store, the salaries you pay your employees, bookkeeping, advertising, insurance, and probably lots of other stuff.
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29 March 2024 | 3 replies
Any feedback would be great:Purchase Price: $219,000, 90 days on the marketSurface area: 1900 sq ft1 unit renovated in the past year which includes new flooring: $800, other 2 units: $690 eachEach unit pays water/sewage, $50 internet feeCondition: roof is ~15 years old, will need replacedI was provided with an expense report for the 3rd quarter of 2023.
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29 March 2024 | 4 replies
Specifically, if the original loan recipient has a total VA loan entitlement of $750,000, does my assuming their $370,000 mortgage reduce their available entitlement to only $380,000 for future use?
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30 March 2024 | 10 replies
If the latter, as mentioned I still don't understand why and you'll also incur so much expenses in operating the C Corp including getting a Board of Directors!
28 March 2024 | 4 replies
I'm considering a house hacking strategy in the greater Houston area, ideally within a 30-minute drive of Rice University (including Fort Bend County).
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30 March 2024 | 3 replies
Balancing these responsibilities with the demands of this project, including finding suitable contractors, organizing communications, and ensuring timely responses, has proven to be quite demanding.In light of these circumstances, I am seeking insights on potential additions to my real estate team that could streamline this process and enhance its efficiency.
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30 March 2024 | 27 replies
From that point, some sort of banking engine would need to be involved that was sophisticated enough to handle and understand trivial to highly complicated financial transactions.In any case, it would be fascinating to a small niche of people (myself included) so not too likely to become a commercial success.
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30 March 2024 | 9 replies
I'm trying to learn from my mistakes, including being able to read a title, getting all other information (liens, loans, taxes, etc.), fully researching before I buy a property, getting a lawyer to help in future bids, title insurance, and home insurance.talked to a title insurance company they said my my title search is an abstract does that mean there might be vital info missing regards to more money i might have to pay ??
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30 March 2024 | 7 replies
That same apartment will fetch you about $1k/month as a long term rental (utilities included).So in short - The worst case is you rent the space long term.