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5 September 2018 | 1 reply
The Seller accepted my offer and the bank finally accepted my "pre-contract" after 90 Days.
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2 September 2018 | 4 replies
I finally bought my first rental property in October of last year and was super excited, even had tenants in there by November.
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14 September 2021 | 59 replies
Final offer is nowhere near the original and they try to rip off the seller.
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18 September 2018 | 3 replies
You have interesting goals - in a way similar to what I do currently (manage our SFR portfolio, rehab new acquisitions, GC for clients, build new for retail and working as an agent) - what I am finding is that I have too much going on and need to focus.After working in corporate for almost 20 years I am enjoying the freedom to start whatever project I find interesting if it makes sense and money.
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31 August 2018 | 1 reply
Requires no appraisal, low acquisition fees.
5 September 2018 | 15 replies
The buyer puts a 3% earnest money into escrow, the buyer has an inspection contingency period inspect 7-12days depending on house and structure of your offer, loan contingency period 10-17 days depending on lender and speed. 3-4 days before closing you and your clients do a final walk-through of the house.
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3 September 2018 | 85 replies
Will the judge finally side with me?
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1 September 2018 | 8 replies
First of all, thank you for clicking on this thread, there are a million of them out there and I promise not to waste your time.So here is the scenario:Multi-Family property (4 units) - Listed @ $205,000, on market 65 days.Estimated Acquisition: $195,000Realistic rent: $3000/mo ($750/unit)Property Taxes/yr: $5200Insurance/yr: $2400Planned Maintenance/yr: $1200Estimate Vacancy: 5%Down Payment: 25%Management Fee: 8%I have just recently gotten into the concept of REI and I've read all of the forums, blogs, etc. of investors having a hard time trying to find a good deal in the Houston area market, and I found this property quickly, in a public method of discovery with very little effort in about 45 minutes of searching.
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1 September 2018 | 7 replies
You are better off analyzing the remaining life of major Capex components like roof, windows, plumbing, furnace, AC and have a reserve fund set aside as part of acquisition cost.
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3 September 2018 | 21 replies
I'm thinking they just hold the loan, but they also hold the deed until final payment so I don't know what legal limits they could impose on us.Feel free to tell me if I'm overthinking this part!