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Results (10,000+)
Derek Nemec 3 properties in ONE. Deal analysis - your input is appreciated!
1 July 2024 | 1 reply
The market rent puts all three together at approximately $2900 monthly.Now here are the details and costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP. 
Christian Roberts How to remove seller's mortgage from DTI on a subject to deal
1 July 2024 | 22 replies
It costs maybe 25-50 bucks per month and the servicing company will provide all of the required documentation for their new lender. 
Marisa Voelkel LLC for one or LLC for all
30 June 2024 | 8 replies
Redoing the titles and warranty deeds for our properties is costing us money I could have avoided if I had known better. 
Brandon Spaulding Exploring Efficient Ways to Track Rehab Expenses: Seeking Insights
1 July 2024 | 6 replies
Jonathan Klemm might be able to help.He runs Quality Builders, a tech-enabled GC business in Chicago with proprietary technology including tracking and estimating rehab costs.
Sean Pedeflous Slow to find tenants or over reacting?
1 July 2024 | 10 replies
Example:House rents for $1,500 a month and utilities cost $150 a month.
Mike Most Debating between markets
28 June 2024 | 14 replies
People come from all over the country because in the midwest and specifically Cincinnati, it costs less.
Mark Adams Charter Financial of Houston Texas
1 July 2024 | 9 replies
Of course, finding seller-financed notes is a PROCESS, and I disagree with the above comment on [postcards not being effective]-- actually, I've found, in over 22 years of direct-mailing note holders (and also potential referral sources) that the postcard is the most efficient and cost-effective way to get your message DELIVERED.
Bryan Droll Making customizable Add-ons into "Amenities" to increase ADR
1 July 2024 | 8 replies
But if I've marked those up by 30% then it only costs $1400 to fulfill.
Zhihan Wan Negligence Issue With Tenant
30 June 2024 | 13 replies
Should this issue be a partial responsibility for their absense while leaking and should we deduct some cost from them?
Katie MacGregor Morby Method/Seller Finance Deal Assistance
30 June 2024 | 3 replies
Here are some specifics:Purchase price: $955KSeller Finance offer: 20% ($190K)Reno cost: $90K Ideally we would like to do a Morby Method where we purchase the home via conventional mortgage or hard money lender and on the back end have the seller lend us the $190K with a second position lien on the property and a 5-year payback.