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9 May 2018 | 2 replies
I don't feel like I need to give the tenant an explanation because the contract is over.
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17 May 2018 | 25 replies
The only real explanation I can come up with is that maybe she lived through the Great Depression.
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13 May 2018 | 20 replies
Thanks for the explanation.
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11 May 2018 | 13 replies
That would require no explanation to tenant about processing times as that's just when it's due.
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14 May 2018 | 7 replies
Now that is the MOST basic possible explanation.
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10 May 2018 | 3 replies
You sound pretty experienced though so you likely know that already.Have they provided any explanation for your concerns?
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25 March 2018 | 3 replies
Check with your lender but you should be able to deposit the funds during the loan application process and will probably be asked to provide a letter of explanation and possibly a heloc statement showing where you got the money.
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3 April 2018 | 4 replies
Hi Everyone,After several inspections that I did (4 to be accurate), I start to think that my inspector is not professional as I got used to from other states I bought...The report almost has no photos, most of the data is general for all report (such explanation on the issue that is being tested) and complete areas that he doesnt check (for example in case of rodent - he completely stops the inspection in the room/space/area).From old inspections I did, all reports were with plenty of data, pictures (and one unique contractor in Las Vegas even had price assessment!).
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3 May 2018 | 17 replies
A bit unclear from your explanation.
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14 April 2018 | 9 replies
@Jeffrey H. ok so here is the numbers from the OM that the broker furnished to me: ESTIMATED LENDER ACQUISITION COST:List price: $1,175,000 ( @ 28 units = $41,964 per site)Buyer requesting Down Payment of 30% = $352,500Projected Lender Financing: $792,500 @ 5% FIXED 30 year AMORT with a 10 year DUEINCOME, EXPENSES & CASH FLOW:Actual 2016 Gross: $212,752Actual 2016 Expenses: $95,915 (45%)Actual 2016 NOI: $116,837Projected Lender Debt Service: $57,494Projected Net Cash Flow: $59,343FINANCIAL INDICATORS:Cap Rate: 9.16%Projected Total Cash Return: 18.96%PROPERTY DETAILS:All age park28 Homesites# of Park Owned Homes: 28 (100%)Occupancy: 100%Utility Reimbursements: NO2016 INCOME AND EXPENSE ANALYSIS:Total Net Rent: $212,752Total Operating Income: 212,752Real Estate Taxes: 4,054Property Insurance: 5,524Utilities ( all lumped into one total, broker and/or seller did not offer it broken down individually ..yet): 30,658 Payroll & Benefits: 26,225Maintenance & Repairs: 2,058Administrative/ Office: $26,668Advertising & Promotion: 728Total Operating Expenses (45%): $95,915--------------------------------------------------------------------------------------Net Operating Income: $116,837The screen shot copy of the rent roll excel sheet i am waiting on further explanation from broker in order to determine how to interpret all the acronyms that the seller put in it so i can begin to figure out the rent roll for that month.