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30 June 2018 | 3 replies
And this happens the day I sign my docs for my HELOC.
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24 June 2018 | 9 replies
Was there signed documentation to accompany it?
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2 July 2018 | 3 replies
Here are some preliminary numbers I ran: 260K FHA no repairs and current rents on left, 300K 203K, reno and higher rents on right: % Down Payment 5.00% 5.00% Down Payment $13,000 $15,000 Remainder of closing costs $3,000.00 $3,000.00 Total Due at Signing $16,000 $18,000 Mortgage Rate 4.60% 4.60% Length of Mortgage in years 30 30 Monthly Mortgage payment $1,266.00 $1,461.00 Taxes $386.00 $445.00 Sewer and Water $50.00 $50.00 Trash $50.00 $50.00 Heat/Utilities $ - $ - PMI $ 180.00 $ 208.00 Cap Ex and Ops $200.00 $200.00 Insurance $65.00 $75.00 Mgmt Fee $165.00 $165.00 Vacancy $132.00 $132.00 Total Expenses $2,494.00 $2,786.00 Unit 1 $500.00 $700.00 Unit 2 $900.00 $1,100.00 Total Revenue $1,400.00 $1,800.00 Cashflow/month ($1,094.00) ($986.00) Cashflow/year ($13,128.00) ($11,832.00) Cash on Cash Return -8.42% -6.57% I have not talked with the seller in detail yet, as I want to see if this is worth a deeper dive first.
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1 December 2018 | 5 replies
Iphone may be fine as I've got Android).You can follow threads that interest you to get notifications of new replies or you can go into 'followed forums' and select 'my discussions' to pull up a list of any topics you've replied to in order to see what's new.I'm sure there are other tips and tricks to navigating the forums, but figured I'd share the few that help me the most!
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23 June 2018 | 1 reply
If they choose not to sign then can I ask them to leave?
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25 June 2018 | 4 replies
The way listing a home typically works: - Seller Broker signs a listing agreement with Seller. - Seller agrees to pay 6% commission to Seller Broker. - Seller Broker places the home on the MLS and offers Buyer Brokers half of the commission (3%) for finding Buyer.
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25 June 2018 | 2 replies
2 years ago I purchased my first buy-n-hold investment, 4-plex that was 100% occupied at contract signing.
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25 June 2018 | 7 replies
Then I should sign up for skiptrace, then pay for mojosales.com and lastly I should use fiverr or upwork to get a list of FSBO in a 50 MILE radius of my zip code... does all this sound legit?
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24 June 2018 | 8 replies
Rent Manager supposedly signs you up with PayLease.
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24 June 2018 | 3 replies
A clear operating agreement will also need to be structured for the LLC and since I read the goal being that the relative is not to sign on the loan, they need to be kept at less than a 20% partner.