3 May 2017 | 24 replies
Banks know that bad stuff happens to property in foreclosure and there are so many ways for them to loose that it's not a route they are likely to take if there are other options.
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2 May 2017 | 5 replies
I know this is not the answer you're looking for but in this business you are bound to get tough investors that offer unicorn deals that are often a waste of time.
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1 May 2017 | 2 replies
Henry Liu The first thing to mention is that you're bound by the lease agreements that are in place.
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1 May 2017 | 1 reply
It's happened in the past, and it's bound to happen again.
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2 May 2017 | 6 replies
We tried this at complex we had people wanted additional stg lockers when someone moved and then all it becomes is something else to check off when they vacate and track for payment,, I'd pick better battles.. designate locker per apartment and no loose items for storage other than bikes were our rules, bikes inside only during winter.
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16 May 2017 | 5 replies
Let their pit bulls run loose and chew on your Chihuahua?
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3 May 2017 | 7 replies
The lender is likely using the "seasoning" term loosely.....if one is assigning, there is no "title transfer" in the middle.
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12 May 2017 | 9 replies
This is not a DIY job.If you get caught doing something not correct you will loose big time.Hire a Pro.
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5 June 2017 | 92 replies
I hope she looses.
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3 May 2017 | 3 replies
I raised the expenses just to cover myself for the unpredictable.purchase price is 1,525,000.00 with 32 units, 12 of them rent out for $524 and the rest for $600.Monthly I'm looking at $6,288 for the 12 units and $12,000 for 20 units and annually $75,456 for 12 units and $144,000 for 20 units. so the GSI is $219,456.now they said its a 3.1% vacancy but that's bull lol so I calculated 5% and 7% vacancy $219,456 x 5% = $10,972.80 then $219,456-$10,972.80 = $208,095(GOI)$219,456 x 7% = $15,361.92 then $219,456-$15,361= $204,095(GOI)I just went with the 7% vacancy just to make sure I can survive with a 7% vacancy.expenses: monthly annually utilities(house electric, full water/sewer) = $3,500 $42,000 maintenance/repairs = $800 $9,600property taxes = $1800 $21,600insurance = $1500 $18,000 trash = $700 $8,400management = $1,400 $16,800monthly expenses is $9,700annual expenses is $116,400I then took GOI of $204,095 minus $116,400 is $87,695(noi) I also divided that by 12 to see my monthly cash flow which was only $7,307 I'm loosing about 2k each month hopefully I'm right in my calculations please let me know if I am wrong lolBest regards, Eugene.