Jeffrey Rice
Kansas City Area BRRRR Investor Just Getting Started
4 September 2019 | 4 replies
Of course REI is the next logical step!
Laura C.
House hacking in Southern California
3 October 2017 | 13 replies
I have seen people who because an item is new that they do not count it in the cap expense but I see no way to logically do that.
Rush Wall
Can a buyer take legal action
3 November 2017 | 7 replies
At least thats my logical conclusion.
Henry Hill
Local RE Agent vs Non-local RE Agent
31 January 2018 | 6 replies
Just seems like common sense logic to have someone active in your area on your team.
Jordan Theisen
Banking for Investment Property
13 September 2019 | 8 replies
As I start accumulating more properties my logic might change but for now it works.
Kyle Conrad
Do-it-yourself closings for vacant land
28 February 2019 | 11 replies
An attorney MUST be involved in some critical aspects of the process (which I think is a little crazy... but I don't make the laws there).For instance, according to their logic, if you create your own deed, they've determined that this is synonymous with "practicing law", which you can only do if you're an attorney.I believe some states require that the ENTIRE process be handled by an attorney, and some states only require that certain aspects be handled by an attorney (as long as an attorney creates the deed, you can do everything else).I actually spent a ton of time back in 2016 trying to figure out which states require what, and based on what I could find (with hundreds of phone conversations with attorneys and title companies), I came up with the map I outlined in this blog post: https://retipster.com/real-estate-closing-agents - essentially, the states that are dark blue are the most restrictive in terms of who can conduct closings (and as it seems, the further west you go, the easier it is to close deals yourself).
Cody Breunig
Real estate license with felony.
31 August 2015 | 6 replies
Look at everything logically and ask yourself why transactions are taking place.
Onaje Barnes
Officially bought my first investment property
17 August 2007 | 4 replies
The logic is there is a higher chance of damage, vandalism or an accident that results in a claim.
Joseph Weisenbloom
To pull the trigger or not pull the trigger that is the question (Dallas)
10 February 2014 | 7 replies
@Bill Jacobsen I'm not sure I quite understand your logic on the "PMI you will be paying above 5.65%" maybe explain your numbers a little bit more.
Alex Cotter
Looking for help analyzing this deal
12 January 2015 | 30 replies
Price: 85,000 (comps 90-95k)Improvements: $0Rent: 14,100 (verified)Annual Taxes: 4,000 Insurance: 500Management: (Fixed) 950Maintenance: $800Vacancy: ~1175 (logic: 2 year leases w/ 1 month gap in between + 1 mo rent fee to Prop Mgmt)CapEx: $0 first 2 yearsUtilities Water: $1200 paid by ownerUtilities other: $0 paid by tenant------------------------------------Revenues: 14,100Expenses: 8,623Return: 14100-8623 = 5477, 5477/85000 = 6.5%