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25 September 2012 | 6 replies
The qualities you should look for in a real estate agent are as follows: 1.
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23 September 2012 | 4 replies
I am concerned about getting a quality renter in the winter.
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22 September 2012 | 10 replies
Does this make sense, or will lenders be privy to these methods and simply say that I own a busniess with debt?
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23 September 2012 | 7 replies
He also mentioned you help the middle class then they go buy tv's,cars etc. and it drives the economy.My problem with this statement is that he said we lost 9 million jobs in the recession and hired back 4.5 million.The problem is the QUALITY of jobs that people lost and the jobs they had to take as a replacement are nowhere near each other in income levels.I would venture a majority of the new jobs are low income where you tread water paying the bills .In this case consumers will not have much discretionary income to spend on extras to drive the economy.
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25 September 2012 | 11 replies
You just have to rehab the house to the quality and finish (or just above) of the other comparable homes in the area.I think it reasonable to try to compare how much we all pay to redo a roof, or paint 2000 square feet of house; but overall dollar totals aren't comparable.
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25 September 2012 | 28 replies
egregiously unprecedented, and without question a "passive", indirect method of redlining to reduce overall obligation.far as I'm concerned, this is a favor to everyone.
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3 November 2012 | 8 replies
For a quality urban to suburban NNN property hitting a 10 cap is going to be very,very hard.You can't make someone want to do business with you whether that be a potential buyer or a seller.
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26 September 2012 | 1 reply
Demand will be strong at this price point as the competition will be significantly inferior quality.24 unit complex (4 buildings x 6 - 1br units) built c.1978 - end of life interior but exterior structure / mechanicals appears sound.NOI forecast at 83k.Renovation budget at $375k inc contingencyPurchase price of $250kOur Bank will go to $565k @ c.4.25% for 5 years with 25 year amortization - they hold the note for the existing owner and know he is slipping into the default zone.
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28 September 2012 | 10 replies
Ultimately, assuming you were planning to paint and replace the flooring anyway, you're going to be paying for the following extra stuff related to remediating the mold:- Remove any sheetrock that got wet- Remediate the mold behind the sheetrock- Perform air quality test(s)- Replace the sheetrockRemoving the sheetrock from the entire 2000 sf house probably wouldn't cost more than $3000.
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3 October 2012 | 15 replies
Real estate investing is a very broad term and consists of dozens of methods and strategies.