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28 May 2015 | 1 reply
With the investor, you might want to use some of the tools here on BP to lay out a professionally developed plan and show them that they could earn an attractive return if they were willing to carry the property.
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29 May 2015 | 4 replies
So you should be increasing your basis in the property by any capital items (greater than 1 year of life; bathtub, door, faucet, etc.), whether you are 'on the market' or not has no bearing.
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6 June 2015 | 3 replies
Any advice on the following would be a huge help: - Fee Structure (Residential structure is 1 month rent for leasing, 8% management and $300 renewal - Operational items that may be different from residential.- Legal, risk management issues that may be different from residential.Thanks in advance for your help!!!
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21 March 2017 | 8 replies
.$25k in materials and laborMonthly holding costs: $557(int payments, taxes, utilities, insurance)House info as purchased:House built in 1971 - Solid B neighborhood - Great Schools2081 sq ft4 Bed, 2.5 BathNew RoofNew WindowsNew HVACVinyl SidingWork to be performed:New cabinets and counter topsLaminate downstairs and carpet upstairsNew vanitiesNew light and plumbing fixtures(tubs staying)New water heater Paneling removed from den and replaced with sheetrockWindow removed from eat in kitchen and replaced with slider to access the back yardSmall deck built off of sliderAnd obviously paint throughout.We will probably price it under market value and hope to sell it quickly(30-60 days) at $125k which would give us a profit(after commissions, closing costs, and carrying costs) of $22k-$23k.
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3 June 2015 | 4 replies
These items are not essential to the rehab and not required by FHA, thus okay to leave out of the 203k.
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20 September 2017 | 17 replies
For example, I can call up my banker and tell her "I need X amount of dollars for project Y, I have Z dollars, and need to carry the loan for 1-2 years...what's the best way to do it and how do I go about applying in order to get approved?"
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29 May 2015 | 1 reply
Again, suggestions of items or lines to put in the lease is great too.I just listened to a BP podcast where a landlord had over 20 pages on his lease!
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3 June 2015 | 8 replies
My guess is the seller is asking above market value which is why it's sitting and why the seller is willing to carry a 2nd to get the inflated price.
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15 August 2017 | 14 replies
Do not get carry away; just trying to win.