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17 February 2016 | 8 replies
We use them to pull credit and whatnot.My first guess, and it's 100% A GUESS, would be that a credit report contained something inaccurate, leading to someone issuing a loan they otherwise wouldn't have, which in turn resulted in corelogic being sued, which in turn resulted in a settlement that involved them covering the prop taxes.Again, 100% a guess.
17 February 2016 | 6 replies
The housing is seen as part of my compensation (which is tax exempt) and not reported as income.
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15 February 2016 | 18 replies
Tenants use about 30% more water and do not generally report leaks.Take 60% of gross rents for a D area with higher evictions and make readies and collection efforts with increased bookkeeping.75,600 X .40 ( 60% costs) = 29,240 NOI29,240 at a 10 cap is a value at 292,400 ( This is optimistic as D areas trade for 12 caps usually).175,000 purchase plus estimate likely 13k to 14k a unit rehab so about 196,000.
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16 February 2016 | 7 replies
Learn the right way:- get your books setup right- get your processes- write down your procedures- create your own workflow- check - double check - triple check those reports every day, week, month, quarter and yearly before you see your accountant for taxes, get a loan or private investors.We offer a lifetime of education - cannot find elsewhere.
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21 February 2016 | 12 replies
(On the other hand, the report I saw *claims* that the box has power-failure and tamper sensors - maybe just a tilt switch, maybe an accelerometer - so this trick may be a little harder to do.)
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16 February 2016 | 13 replies
.) = 529 x3 months (March, April, May)$3456: Interest only HML payments ($92,160 @ 15% / 12 = 1152) X 3 months$ 1137 Dumpster fees x 1 month (10 yard dumpster @ $379 flat rate per 10 days)$ 3500 staging fees x2 months$20000 Rehab (extremely conservative estimate, actual cost pending)$5000 Possible Repairs (extremely conservative estimate, actual cost pending inspector report)$300 City Water, trash, sewer (@100/mo)$900 Electric ($300/mo)$84 HOA (@$28/mo)$300 Lawn mowing ($100/mo)Selling Closing Costs and expenses = $19,380$ 7140 (3.5% of ARV)$ 12,240 (6% agent fee)Total Profit = 204,000 – 169,217 = $34,783 (before taxes)
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17 February 2016 | 6 replies
He has said that after an offer is accepted, if we had a inspection that reveals a major issue (i.e. foundation, plumbing) that it is possible for an investor to get his/her earnest money back.Is that the case?
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21 February 2016 | 29 replies
This is the most insane and offensive post I've ever seen on BP.Hope you enjoy your time on your local TV stations investigative reports of the landlord who discriminates on weight.
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18 February 2016 | 3 replies
However, Asia Pacific office markets will be more mixed.Retail | Retailers and mall operators are adopting new “placemaking” strategies to compete with e-commerce, which combined with stronger consumers, should stimulate more demand for retail space globally.Industrial | Robust demand from e-commerce and third-party logistics companies for warehouse and distribution space—including for smaller in-fill locations within major metros—will continue to reshape the industrial market.To download the full report, go to http://corporaterealestategroup.com/2016/02/14/cbr...
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29 February 2016 | 17 replies
I will report back for my progress :)