Benjamin Benomar
Commercial Property with Residential Mortgage
18 October 2018 | 14 replies
Originally posted by @Jessica Zolotorofe:I'm not sure how it's possible for you to have a "residential" mortgage on a commercial property.
Shaun Calloway
Paying over asking in Houston and making a profit?
21 October 2018 | 17 replies
Originally posted by @Shaun Calloway:I found a deal the other day that looked like this: $100k for 3/2, 1600sf, decent yard, decent location, comps could maybe get to $150-175k, no mortgage - house is paid off.
Scott Tennant
Load bearing or fear mongering to get my business
19 October 2018 | 8 replies
Originally posted by @Jim K.
Trent Lee
List of Turn key companies
19 October 2018 | 10 replies
Originally posted by @Trent Lee:I’m fairly new and looking for some recommendations.
Eduardo Zepeda
How much should I tell them
17 October 2018 | 9 replies
Here's a summary of the economics.They purchased the property for $280,000 in 2004.The loan balance is about $178k.Monthly principal and interest payment is about $1,265 with $709 currently going to interestProperty taxes are $4,116 annually and insurance is $1,000.Currently the house is vacant for the sale so there's no rental income.Therefore, the monthly burn is -$1,135 (ouch).For the sale:Property was originally listed at $335k and they received 0 offers at that price.
Cornelious Williams
Primary residence to rental property
4 March 2021 | 1 reply
I wish I had a 15 year note as the original purchase.
Marlon Long
A good problem to have.... Too many people interested in a rental
18 October 2018 | 27 replies
Originally posted by @Marlon Long:Houston we have a problem.
Chris Purcell
Picked the wrong Painter - how to fix tape seams and shoddy work?
22 September 2021 | 21 replies
Originally posted by @Thomas S.
William Huston
Selling a Rental after being rebuilt (fire)
17 October 2018 | 5 replies
Adjusted cost basis is your original purchase price plus capital improvements minus depreciation.
Joshua Nobles
Property manager Indianapolis
19 October 2018 | 7 replies
Originally posted by @H W Beckley:@nathan g that sounds like great advice.