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Results (10,000+)
Robert Bodmer House Hacking and First Concepts
16 November 2018 | 3 replies
When an investor is looking at being cash flow positive, they are typically putting down 20-25%.
David VanWert BRRRR Partnerships Questions
14 November 2018 | 3 replies
Question is, is there companies or individuals that typically looks for partnerships for BRRRR deals?
Nerissa Marbury Charging tenant for stove repair that equates to replacement
16 November 2018 | 56 replies
Your tenant damaged an essential component, rendering the entire unit useless.
Jeff Mills Should I evict, give notice or wait?
14 November 2018 | 6 replies
All it typically takes though is that 3 day pay or quit as @Allan Smith suggested to let the  tenants know that the new owner isn't a push over. 
Steve Oswald Typical Multifamily initial Financing
15 November 2018 | 4 replies
What are typical lending terms for smaller MF investments (<20 units) upon purchase. 
Jacob Breazile First Duplex Purchase
22 November 2018 | 22 replies
This isn't a house hack, and I would essentially be paying for a property that doesn't need renovation.
Matthew McNeil Are you willing to invest in RE appreciation with 2 caveats?
17 November 2018 | 55 replies
Yeah, speculating on only the current cash flow vs the bigger pockets future picture is pretty typical BP TK model perhaps. 
Tyler Amnott Section 8 yes or no?
5 December 2018 | 14 replies
For low income neighborhoods, I prefer SEC 8 which is essentially an insurance program for the landlord that ensures they will get the rent, even if the tenant loses their job.
Abner Gomez First deal in real estate
14 November 2018 | 3 replies
@Abner Gomez if you pay off credit cards that is typically 18-25% with no risk. 
Richard Goore Selling a property utilizing seller financing
14 November 2018 | 1 reply
(the down payment is completely relevant to the seller)Interest- 7% is pretty standard...it's a premium paid for consideration in carrying the noteAmortization- 30-years is typicalPayment- I would look for the actual P&I based on the amortization schedule, but again, this is relative to the sellerBalloon- 48-60 months is common, and this is completely up to the seller as well (If sellers are leary of the time frame, I always agree to attempt a re-finance sooner...but no guarantees)Some extras:I always pay the listing agent's commision based on the transaction price...otherwise, you can structure a partial commission the first closing and a second commission when the balloon is due...waiting 48-months for the rest of your commission is crazy, thoughWe pay all the doc prep fees (note/mortgage/amortization/assignments/personal guaranty) Typically around $300, so not bad.- use the attorney at title and add it to the HUD-1We use a clause in the note that waives the right to defend a foreclosure in default, so the property returns to the seller without contest (varies from state to state I imagine)We also pay the sellers closing costsAll of this stuff is negotiable...you can always push things with these...like lower the down payment and have the buyer pay all your clients fees and your commission, etc.Give me a shout if you want to chat more about this topic.