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31 May 2016 | 3 replies
In my experience with Bank of America, they have made applicants close several credit cards even though they were paid off every month and contained zero balances.
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10 June 2016 | 14 replies
We made some sacrifices, forgoing a planned jack-and-jill bathroom upstairs, some leveling of the concrete basement floor, and ceramic tile floors and surrounds in the two bathrooms.
14 February 2015 | 17 replies
.)- Payroll and G&A Expenses- Advertising Expenses- Any other expenses related to the Operation of the Asset not covered above EXCEPT Debt Service, Depreciation, Income Taxes and Specific Tenant ImprovementsNOI (EGI Minus all Operating Expenses)::break::Now you can calculate your existing CAP rateYou can also set up another file for value added opportunities that would contain Potential EGI and Potential Expenses which then would give you a Value Add potential CAP RateTo derive your NCF, subtract your Debt Service from the NOI.Hope that helps!
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1 October 2015 | 6 replies
A quit claim deed usually indicates that they might only be part owner of the property, and Since they only transfer any interest the grantor (seller) has in the property to a recipient, called the grantee (you), the deed contains no title covenant and thus offers the grantee no warranty as to the status of the property title.
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3 June 2015 | 54 replies
Ceramic or loose lay vinyl in kitchen and baths.
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1 October 2015 | 25 replies
It also contains a lot of new and potentially new investors.
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15 October 2015 | 12 replies
Although I am located in the Philadelphia area, I have owned and rented out a townhouse in Westchase since 2012, so I have a basic understanding of the city.This time around, I would like to invest in a part of Tampa that is not currently an A neighborhood like Westchase, but is undergoing the early stages of gentrification and still contains properties that cash flow.
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6 February 2015 | 10 replies
This is where Wholesalers fail...they try to misrepresent the property to Investors (or they simply don't know what they are doing in the first place) and when the Investor attempts to negotiate the price with them since their numbers were wrong, the Wholesaler has no room to move and ultimately losing the property over time and makes $0.You can be building your Buyer's List as you are doing all of the steps above -OR- you can wait until you have an actual Good Deal, then post it for the universe to see and you will start having Buyers contact you which builds your Buyer's list as well IF and only IF you packaged and presented your deal properly to begin with.Wholesaling requires the most Knowledge, Most amount of Effort, is Very Time Consuming (if done right) and contains the most liability if done wrong.