Tom C
Need advice on financing
21 October 2008 | 7 replies
SFR - Appraise value 64,000 note 45,000 @ 7.5% 30 yr fixed P&I = $314 current rents $600 Under Option 1 if I simply pull 35K out of SFR 1 and leave other notes standing, my total monthly payments would be near $800 Option 2 with different bank 1.
Rick Sarouk
32 Unit Apartment Purchase-Need Help
19 October 2008 | 4 replies
A simply mistake can cost a lot.
Account Closed
Flip Opportunity: Current owner ran out of money...
18 October 2008 | 1 reply
You can use a "shared appreciation mortgage" if your payback is a cut of the profit, or just an ordinary mortgage if its a fixed about.
William MacBride
sub2 question
23 December 2008 | 4 replies
I was just wondering - in the case of a sub2, if someone already has equity in the house, you simply take over the remaining mortgage payments, technically without even assuming the mortgage, and when they're done it's considered payed for in full?
Joshua Dorkin
Sign of the Times: Zillow to Cut Workforce by 25%
22 October 2008 | 2 replies
According to FoxBusiness:Real estate internet firm Zillow.com says it will cut 25% of its workforce as there is likely less need for its online home valuation tools when homeowners don
R G
Real Estate Classes at Community College???
10 October 2010 | 10 replies
to put it simply.. you'll learn more in your first two weeks when you actually purchase than you will have with those years of book studying.
Brandon Schlichter
How far is too far to own rentals?
24 October 2008 | 19 replies
You simply must have made incorrect decisions on the hiring of your managers.
Ramon Pena Alvarado
Expenses of MH parks
20 December 2019 | 14 replies
It is under 15% if you toss in travel expenses...So you might figure a rough estimate of NOI like this...40 pads at $200 per month, owner pays all utilities.so 40 x 200 x 12 = 96,00096,000 x .6 = 57,600now take the NOI and divide it by the CAP rate you want to buy the park for... so lets say a 12 CAP57,600 / .12 = $480,00014 CAP...57,600 / .14 = $411,428and so on... finding parks with expenses that can be cut are a real key to adding huge value quickly to a purchase.
Kel S
How do you all stand the waiting for Bank responses??
31 December 2008 | 9 replies
Or will the bank simply take the higher offer right off the bat?