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8 March 2011 | 9 replies
My wife and I began renting a one-family house in New Jersey in February 1986 and have paid rent every month without fail and have maintained our tenancy as model tenants without incident.We had a one-year lease for the first year only after which time we never renewed and as such have been month-to-month tenants for over 24 years.Now our landlord wishes to sell the house and evict us, and it's causing stress and anxiety every day.I am here for information to learn if our landlord:1) must by law sell it to someone who will continue to rent to us; or2) will be able to force us out; or3) if this is a case that could go either way.New Jersey law states that one cause for an eviction action is when "the owner of a house or building with three or fewer apartments wants to move in or is selling the house or building to a buyer who wants to move in."
8 March 2011 | 2 replies
The model works but it's usually a hassle to deal with that income bracket.
30 March 2011 | 15 replies
As such, I use a % of the cash invested to arrive at my minimum profit margin and typically, if I stay at no more than 75% of exit value less repairs, I have a deal worth doing here in CA.In GA, with lower exit values, that model would not work.
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13 January 2014 | 46 replies
I recently bought a duplex and the current tenant is well below market rents but has been a model tenant for years.
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18 May 2011 | 3 replies
Pick the one that best suites your needs.The only major difference will be in the Lender Paid versus Borrower Paid compensation models (ie. interest rate will likely be about 0.50% higher on lender paid scenario, but your closing costs will be less on Lender paid as well).Good luck.
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9 April 2011 | 15 replies
Those deals still make sense for those players.I do mostly buy-and-hold in my personal portfolio and we require at least 20% ROE using conservative pro forma modeling assumptions from a custom model we use in Excel.For build or fix-and-flip projects I have seen recently you can get unlevered 30% returns and at least double that with prudent leverage ratios.
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5 May 2011 | 5 replies
It just may not be in his business model to do flip-and-fixes or rentals right now, especially if this is his very first real estate deal.
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10 June 2016 | 21 replies
The end result is often wasted money and decreased resident loyalty.However things have changed; niche focused multifamily MSPs are now offering new service models.
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6 March 2012 | 34 replies
You would need to model your intended exit date to decide how much more you are willing to pay for the project to obtain said seller financing at a given loan constant, down payment, and project-level yield.
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24 May 2011 | 4 replies
I understand after your phone system you can: a. answer calls live (not an option for me until after work) b. use a virtual assistant to answer your calls livec. use a live answering service, like PAT lived. use an answering machine e. use an internet call capture service Whatever the system is that works the best, it has to fit in my business model to create repeatable profits.