Hanzel Ana
New Investor Excited to Learn and Connect with Like-Minded People!
2 October 2024 | 16 replies
@Hanzel AnaAs a beginner in rental property investing, it's essential to learn the basics of cash flow, cap rate, and financing options.
Steven Mendiola
New to house hacking in the Denver metro area
3 October 2024 | 15 replies
Realistic rent calculations, local laws, and tenant management are essential.
Austin Snyder
Land Contract/Agreement for Deed instead of Novation for quick Flip
29 September 2024 | 8 replies
My plan was to "self-perform" a land contract by filling out a purchase and sales agreement for a land contract that specifies I will take over the mortgage payments, get authorized on their mortgage, and be authorized essentially to fix up the property and eventually sell it on the MLS since the land contract will give me that control/equitable interest.
Brandon McCombs
Ohio - if a co-tenant moves out whose responsibility is it to ensure lease is updated
1 October 2024 | 12 replies
Possibly should have done something about the deposit but everything that happened with him moving out was essentially conducted without notice to me and it's hard to say now whether I even found out he wasn't there within 30 days of his actually moving out.4.
John P.
Seller Financing rates/terms for residential sale?
1 October 2024 | 6 replies
They handle:Monthly Payment ProcessingEscrow for Taxes and Insurance: They ensure property taxes and insurance are paid, which is essential to protect your interest in the property.Record Keeping: They also maintain records, which can be invaluable if any issues arise during the term of the loan.ConclusionGiven the details of your property and the $200,000 sales price, a possible scenario could look like this:Down Payment: 10% ($20,000)Loan Amount: $180,000Interest Rate: 8%Amortization: 30 yearsMonthly Payment: Approximately $1,320 (principal and interest)Balloon Payment: Due in 5 or 7 years (this allows for refinancing or payoff while giving you some flexibility).These terms are flexible and can be adjusted based on the buyer’s credit, down payment size, and negotiation.
Mona V.
Tenant mvoing out before lease ends
29 September 2024 | 7 replies
She's willing to pay the rent for the next two months to be a PITA, that is her choice.Inform her in writing the need to keep the AC set to a minimum level to protect the health and safety of the property even if she is not living there.
Mona V.
Dry wall access between the two units of a duplex
29 September 2024 | 2 replies
If the separating wall is a load bearing fire wall, it would have 2 sets of framing material on either side, essentially you have 2 completly independent houses joined by the roof, you can go in the attic and see if you see sheetrock going to the ridge of the roof.
Chida Truong
Pace Morby Mentorship
14 October 2024 | 420 replies
They encourage members to identify their Avatar – essentially pinpointing the role or opportunity that suits them best.
Shawn McMahon
Denver Colorado
3 October 2024 | 26 replies
If this is the case I run the risk of becoming underwater on the mortgage and getting myself essentially stuck in a property I don't want to be in long term.
Joseph Scorese
Brand Awareness vs Lead Generation in the Real Estate Industry
29 September 2024 | 0 replies
Role in Real Estate: Essential for established agents and brokerages seeking to grow their client base.