Frankie Woods
"Grim" Affordable Housing Study by Harvard. An opportunity?
5 July 2018 | 31 replies
I'm not an economist or anything but there are a lot of businesses that are embracing remote work in efforts to save money on office space and utilities, not to mention offshoring.
Inna Young
The HOA refuses to reimburse
23 June 2018 | 5 replies
I've contacted the management company and explained the situation, stating that we are seeking a licensed plumber and if it's ok to start the job because, most likely, it's a common area issue.
Josh Hackett
Feeling overwhelmed and slightly defeated starting out
23 June 2018 | 10 replies
It's very common for small business owners to understate their expenses and overstate their income.The overstatement usually is in the form of "We don't run everything through the cash register", especially in a cash business.
Sara Maree
Window allegedly broken by intruder
23 June 2018 | 6 replies
(Multi-fam obviously have some common area exemptions to this).
Alex Roth
Closing Cost Credit for Repairs Greater than Closing Costs
13 December 2019 | 8 replies
. - Most common is to buy the rate down.
Account Closed
Renting to tenant to manage an AirBNB in the property?
23 June 2018 | 8 replies
I charged 10-15% higher than what I would have gotten on a regular tenant as well as them taking utilities and furnishing (like a normal tenant would).
Nick Quintin
My Landlord is selling duplex, potential 1st deal
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.
Nicholas Layton
How do you get multiple mortgages without hurting credit?
23 June 2018 | 1 reply
The same common sense rules apply to most things on your credit report - maxed out revolving credit cards and late payments hurt your score, while responsible use of debt and on time payments increase your score.
Sandy Uhlmann
First Trust Deed Headed towards Tax Lien Auction
29 June 2018 | 21 replies
In the tax lien counties I have dealt with, the holder of the tax lien has the right to foreclose after some period of time, and I think 2 years is common.
Ron Masters
Broker Representing Both Buyer & Seller Question about Commision
25 June 2018 | 4 replies
For off-market commercial deals, it's very common for there not to be a buyer broker involved, and if there is one involved, it's common for the buyer to be paying for it out-of-pocket.After the CRE broker gets the listing agreement, they will shop it directly to their exclusive list of investors.