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15 May 2019 | 10 replies
I looked up potential solutions - cheaper than eviction, maybe provide your tenant with some of these "sploofs":"To mask the smell, many people construct what is known as a 'sploof' – a simple device through which the smoke is blown in an effort to mask its smell with other smells.
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12 May 2019 | 0 replies
I can get in with my computer, but if I use another device, I can't get to my pro account.
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12 May 2019 | 0 replies
In our initial evaluation there was a land locked parcel included in the sale.
13 May 2019 | 2 replies
One of the benefits I liked most about this HELoC is that it offers you the ability to lock in a fixed rate 3x throughout the 10yr draw period.
13 May 2019 | 8 replies
Rental area Comps: $1,600.00/unit per month (some as high as 1800)Repairs: none needed to rent one side (windows must be replaced soon)As I see the numbers:Income: $3,200 (potential)Expenses: $1,163.00 (Vacancy, Taxes, Insurance, Maint etc.)Mortgage: $1,690.00 (plus/minus $50 since we haven't locked rates yet)We appreciate everyone's help and advice - we are very excited, but the ROI seems low for an investment, however, this will act as an entry into RE investment and allow us a place to live and collect some rental income simultaneously.
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6 July 2019 | 3 replies
Your risks are having the funds locked up for 6+ months (assuming you keep it in your own name), not knowing what the appraisal will be (ie how much you can take out), and the future interest rate.Run the deals for your best and worst case scenarios- do you like the cash flow after the refi if you get 75% of $10k less than you think it is worth at 6-7%?
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15 May 2019 | 27 replies
I know in our market were just the building permits per house/ unit run 40 to 60k each.. 5k to me just is trying to lock in the buyer so the buyer has some skin and just does not tie something up with no consequences if they back out..
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15 May 2019 | 5 replies
Why would you lock yourself into a lease with a tenant when you have no indication of whether they can be good tenants?
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17 May 2019 | 58 replies
I have known a LOT of co-workers that have left Cali only to realize they are locked out of ever returning. :-( My wife and I make a good income.
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7 July 2019 | 18 replies
I have limited experience with SBA Hotel loans, but depending on the structure you may be able to refinance with conduit debt and forego the recourse, as well as lock in to 75+% LTV, 30 year am, 10 year money (with mez debt maybe higher than 80%) with unbeatable rates (usually 275 basis points over the 10 year).