24 August 2019 | 14 replies
Really the best way is to just use financing that allows for LLC which is probably a commercial loan, cash also works.If you have a residential loan (30 year fixed for example), then probably just leave it in your name
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25 April 2019 | 5 replies
The first one we had some how figured out how to magically have all the tenants leave in 3 months.
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28 April 2019 | 9 replies
Don't bite off more than you can chew on your first deal, it will likely leave a bad taste in your mouth.
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26 April 2019 | 3 replies
I'm worried that if they break their lease and leave, that leaves me with 3 offices to try to fill quickly, all of which are slightly more expensive than the going rate.I had a thought about offering to this tenant (who is interested in the 3 offices) to invite her to go in on the purchasing of the property, maybe inviting her to be a 10% owner, the thought being that if she has some skin in the game, she would be less likely to cut and run and leave me high and dry.
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27 April 2019 | 24 replies
Take a photo of it.Call the number you have on file for the tenant and leave a voicemail if they do not answer.
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25 April 2019 | 7 replies
I would use 5% vacancies ($4560) which leaves $6040.
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25 April 2019 | 10 replies
I asked that the seller sign an agreement with me that he will own the eviction process if the tenant doesn't leave and that if the tenant is not out in those 15 (rent free days) the seller, would owe me $75.00 per day for as long as he took to evict the tenant thereafter.My question is, would this agreement hold up if I need to take this to court?
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2 May 2019 | 27 replies
man, these clickbait titles, tho... that blanket statement doesn't work every time, you are correct. i ran some numbers on a home with a purchase price of $145k (mls, so the price is obv high(er)) that needed about $35k in repairs to make it nice for an arv of $225k (conservative). profit came out to be about $15k (after closing, carrying, etc.). roughly 20% return on cash outlays (dp, cc, repairs). rent would've been about $1700/mo on this one. refing it @75% would leave me 20k in the deal with about $200/mo CF.
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25 April 2019 | 5 replies
If you sell you will have $100000 cash to invest. 5% down on $200000 will leave you around $90000 to invest in income producing properties.
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21 October 2019 | 4 replies
As well as added a shed to protect water heater instead of leaving water heaters in master closet.