Travis Kellems
Non-Renewal Lease Letter Vs Notice to Quit
1 February 2024 | 10 replies
It's for tenants who followed the rules, and it should include the lease end date, your non-renewal decision, and details on returning keys or deposits.On the flip side, the Notice to Quit is a serious legal notice.
Mike Silva
First time home buyer looking to house hack multi family in NH, but values at 600k+
1 February 2024 | 2 replies
They include vacancy, maintenance, repairs, and capital expenditures (if you plan to outsource management in the future, they should also include management expense).
Jose Botello
Stuck trying to make a decision
31 January 2024 | 10 replies
How did you sell the wood?
Jermaine Lindsay
New to Mid-Term Rentals
1 February 2024 | 10 replies
This includes budgeting for renovations, understanding your cash flow, and preparing for both expected and unexpected expenses.Legal and Tax Considerations: Consult with a legal and tax professional to understand the implications of renting out part of your home.
Debbie Pratto
Probate Estate property management
1 February 2024 | 0 replies
He died and now the houses are in Probate including his separate house.
Darrell Kirby
Multifamily Property Analyzer
1 February 2024 | 6 replies
I am looking for an analysis tool that I can also use to package an offering to investors, that includes the simplified details of the project to present to my potential investors.
Shannon D.
Issues with Vinyl Flooring Installed by New Construction Property
31 January 2024 | 12 replies
It might be easier to just deal with it yourself and get some better flooring anyway, like engineered wood..
Debbie Pratto
Estate EIN and creating 2 Bank Accounts for 3 houses with survivor interests
1 February 2024 | 0 replies
He died and now the houses are in Probate including his separate house.
Stuart Udis
Residential Financing Guidance
1 February 2024 | 4 replies
To summarize, these homes will contain a ground level space that's called out as "office space" on the zoning permit and other pertinent facts include the SF which totals 3,100 SF with 250 SF of the total SF of that space attributed to the "commercial space" and estimated price point of $1.1M for each home.
Tony Pellettieri
New Construction HML in Foreclosure Proceedings - Needs Help
1 February 2024 | 1 reply
Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000 Lot 2: $307,000 Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value- $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation- $2,538 - Real Estate Transfer Taxes- $1,500 - Settlement Costs Paid at Closing______________________________________________ $234,212- $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcI've spoken to a few HM Lenders and ran rough numbers by them.