20 March 2024 | 2 replies
However, two oversights have affected my calculations: (Both dumb mistakes I can only blame myself for)Higher-than-expected property taxes and municipal fees in University Heights compared to Cleveland proper.Overly optimistic rental income estimates.After adjusting for these factors, including property management costs and other expenses, the revised cash-on-cash return is about $12,000 annually, slightly over 5%.
20 March 2024 | 7 replies
I don't have much to add from the actual loan terms consideration, but I would encourage you to assign each property a value for a partial release and include that in your loan terms with the seller.
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20 March 2024 | 2 replies
I’m trying to work out a deal including seller financing and refinancing but am little confused on how it work out.
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21 March 2024 | 25 replies
Milwaukee has plenty of great areas for investing including many of the areas that have been big in the manufacturing in the past and are now being revitalized.
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20 March 2024 | 19 replies
Included in the property listings is the “offer of cooperating compensation”.
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19 March 2024 | 0 replies
Current mortgage at 3%.Please click here for a ROI report: https://www.zilculator.com/properties/16216-Fantasia-Dr-Tampa-FL/7aa36e72
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20 March 2024 | 3 replies
I would recommend engaging a real estate attorney though there are good templates available including the standard Ohio REALTORS Purchase Contract.
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19 March 2024 | 3 replies
If you are renting to college students, I would suggest having a parent sign as guarantor for payment and make sure you run their credit report as well.
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19 March 2024 | 12 replies
The new CEO recently mentioned that FTX customer funds were used to buy homes for employees and advisors, also had seen a report that FTX personally loaned Sam $3B.
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20 March 2024 | 4 replies
I always add the following in attorney review just in case people think it is a waiver: "Any references to "as-is" or "informational purposes" in the Contract or any riders shall neither void nor limit any rights relating to inspection contingencies, including Paragraph 16 of the Contract, and final walk-through."