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18 November 2008 | 26 replies
Had I screwed up the second chance the would have rightfully taken the home but I got a 2nd job and it worked out.I found a very affordable website and crm last night that has a totally customizeable website.
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6 June 2008 | 2 replies
Buyer’s obligations under this Agreement shall be contingent on the Buyer, Third-Party Buyer or Third-Party Buyer’s Lender obtaining an appraisal of the Property satisfactory to Buyer, Third-Party Buyer and Buyer’s Lender showing the value of the Property to be equal to or greater than the Purchase Price.1.Buyer negotiating a “short sale” of the Property with the existing leinholder(s) that will allow Buyer to pay no more than XXXX total for the Property.
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22 June 2008 | 2 replies
Georgia has 159 Counties in total; however, every County may not hold a Tax Sale on the 1st Tuesday of every Month (as required by-law).
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11 June 2008 | 9 replies
Good Morning Jon,Wow...I have to say that you are truly an inspiration..whenever I am searching for more knowledge or information on a topic...you better believe wheatie is right there assisting people...thank you so much for taking the time out to share your experience on this tool that Joshua has afforded us...You have helped me more then you can imagine.Jon this home was totally renovated I mean it looks brand new inside...Its a forclosure and the bank is insisting on a Rehab. loan...there is little to no repairs to be done a light fixture cosemtic thats it...can you help me here...and are rehab. loans good...a friend of mines said let it go...tell them you want it as is or not at all..I am having a contractor look at it tonight..thanks have a wonderful day,vjb
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10 June 2008 | 5 replies
At least til I pay it off the mortgage, which is about 10-15 yrs.The houses usually, runs about $65K (that total cost, purchase price, rehab, closing costs, holding).
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17 June 2008 | 7 replies
My fear is that your rehab expense could include much more then just a simple paint job, which is going to raise your total investment.
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10 June 2008 | 21 replies
You'll have to actually come up with the financing to buy the house, then turn around and sell it in a totally separate transaction to your end buyer.
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12 June 2008 | 7 replies
Hi all,
I suspect my understanding of liens is faulty, otherwise someone else would probably be doing this already:
Search county tax rolls (many of which are online) to find delinquent/forfieted tax properties in ...
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13 June 2008 | 15 replies
Many of the houses I would consider don't need total gutting and much superficial work like removing the god awful wood laminate flooring and the like.
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11 August 2008 | 11 replies
This is what it looks like.6plex Sales Price $325,000 Loan Amount $260,000 Interest Rate 7.125%Term in Years 30Loan to Value 80.00%P & I $1,751.67(This loan is through an Alaska housing program for which both this property and I qualify for.)Total Rental Income $57,600 Less Vacancy 10.00% -$5,760Adjusted Gross Income $51,840EXPENSESTaxes $4,584 Insurance $2,580 Utilities including Refuse/Cable $9,661 Management $4,725 Maintenance & Repairs $1,000 Replacement Reserves $1,800 Miscellaneous $1,000 Total Expenses $25,350 Net Operating Income $26,490 Total P & I $21,020 Net Cash Flow $5,470 = $455 per monthI know that the cash flow doesn't look that great with the property management cost but it is required to be factored in for this program.