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Results (10,000+)
Matthew Mucker Where does the 50% rule come from?
1 May 2021 | 300 replies
Here it is anyways as posted on my website:$155,000 Duplex - Currently appraised for $165,000.Includes builder warranty and is guaranteed to have a minimum of one year lease contracts in each unit prior to investor's 1st months expenses.Rental Income is $875-$925 per side/per month (we listed the low end)Gross rents $1750Taxes $222Insurance $82Management $140 (Original placement fees paid for, no other charges)Repairs $0 (It is new with builder warranty)Utilities $0 (Tenants pay all as wriiten in contract)Maintenance $0 (Tenants pay all as written in contract)Vacancy $0 (we have a variety of new tenants to choose from)Vacancy $105 (Lets put 6% in there anyways to satisfy you)Administration Costs $0 (Management handles everything for their 8% monthly fee)Total Expenses $549 (should be $540 assuming the 6% vacancy reduce management fees, which is why I take vacancy out first as it Does affect the OE)NOI = $1210Debt Service = $906Cash Flow with vacancy assumption = $304 ($152 per door)
Paris Williford Homepath Properties - Still an Option?
11 March 2020 | 2 replies
After some research, I see that Fannie Mae does still operate the foreclosure database, but I am unsure if they are still making loans with the rehab costs rolled in.
Matt Hangsleben 401K: Continue Contributions or Stop?
2 March 2019 | 147 replies
Many plan administrators do not advertise this feature, so you have to do your own research.
Bob Willis Using HML in a subject-to transaction
9 February 2024 | 21 replies
I only know as administrative
Gage Holmes Seeking Advice on best way to start getting to work
10 November 2023 | 13 replies
FHA (Federal Housing Administration) loans, for example, require a lower down payment compared to traditional investment property loans.Owner-Occupied Financing: Owner-occupied properties generally have more favorable financing terms than non-owner-occupied properties.
Scott Bidwell Getting Loans with no income??
22 August 2023 | 47 replies
Your contribution can be the leg work and the administration.
Dan H. California proposes additional 25% tax for flippers
28 April 2022 | 33 replies
Of course, only 30% of the fund will be allocated for affordable housing, and the bill is not specific what that even means. 10% will go to administration, and the remainder will go to public transportation and school districts.
Daryl Davis Lender sues to void estate’s release of interest
19 March 2022 | 1 reply
As his sole heir, I was appointed administrator of his estate.Dad had a mortgage on his house.
Montez B. 90$ a month to high for a bookeeper,accountant, business advice ?
27 December 2021 | 32 replies
Imagine how much time it will take your CPA to enter each transaction into his database.
Sean Dougherty Convincing probate attorney to short sale
19 May 2023 | 12 replies
Any advice on trying to convince a court ordered administrator to sell a home in probate via short sale?