Huiping S.
Can I reject a tenant with a service dog in FL?
4 February 2024 | 58 replies
He said based on FL law, landlord or realtor can't reject his application because of his this dog or charge fee for this dog and that is discrimination.
Karen Sferra
What taxes are to be paid when selling a rental property in Phila., Pa
4 February 2024 | 4 replies
So each will pay 2.14%You will also have REALTOR commissions - 5-6% of the sale priceThere are also some fees with title co, order certificates from the city which add up to a couple hundred bucks.
Ahmed Alswaiti
DFW Adapting to New Change
4 February 2024 | 1 reply
Much of the growth we will see hasn't even really been factored in yet....Think GS, BofA, Wells Fargo and the others building new buildings or campuses.Sorry to call you out, but you haven't taken a stance on your post.
Art Maydan
Putting Utilities In PM's Name
4 February 2024 | 7 replies
Our company keeps them in the owners' names, but either uses our mailing address or adds us a C/O (care of).We then manage the accounts and pay them for a small fee.
Telle Cherish
Proof Of Funds Company?
4 February 2024 | 10 replies
So when I called the company they said I had to pay $595 fee that might be refundable depending on if I close the deal or not.
Josh Trup
FTHB OOS REI Multifamily Advice
4 February 2024 | 25 replies
Below are all factors I look out for when I personally invest.
Account Closed
Subject To – Why You Need Money To Buy Using "Subject To" (SubTo) - Safely, Legally
3 February 2024 | 20 replies
Bought for $157,100.38 *** *** ARV $245,000.00 5 bed 3 bath – Phoenix AZThese are the numbers from the HUD statement Bought for $157,100.38 *** * ARV $245,000.00 Existing Loan Amt Payoff $118,145.37 * Subject To $118,145.37 **** Closing Costs From HUD Title $1,045.00 Escrow $1,400.00 County Taxes $538.38 Recording Fee $120.00 Cash to seller $10,000.00 Misc other charges $525.00 Total Amount Due $ $13,628.38 *** Arrears To Bring Account Due Total Number of Missed Payments: 11 Total Payment Amount $10,095.47 Unpaid Late Charges $146.84 Additional Amounts: Foreclosure Fee/Cost $354.19 Unpaid Advance Bal $1,101.75 Total Amount Due $ $11,698.25 *** FHA Loan Mod 2nd $11,582.44 *** My Out of Pocket $36,909.07 *** Total Cost Basis of Purchase $155,054.44 ARV (After Repair Value) $245,000.00 Repairs Post Purchase $ 5,000.00 +/- Unrealized Profit $84,945.56 *** Equity (ARV minus Subject To payoff) $126,854.63 *** I strongly recommend having 3 months reserves as follows: Monthly Mortgage $917.77 (Taxes included) Electric Monthly $362.21 Water & Sewer Monthly $102.80 HOA – None $0 Reserves3 months mortgage payments @ $917.77 per month = $2,753.313 months Electric payments @ $362.21 per month = $1,086.633 months Water payments @ $102.80 per month = $ 308.40 Minmum Reserves Total $4,148.34Then I turned around and sold it on a Lease Option for $265,000 getting $20,000 down on a nonrefundable Option fee, and rent of $1,900 a month. *** My Out of Pocket $36,909.07 Option Fee To Me $20,000.00 My Adjusted Out of Pocket $16,909.07 ****** My Cash Flow * $ 982.00 monthly **So, I sold it for $20,000 more than street value, I get tax write offs, I got $20,000 back immediately as an Option fee, I cash flow at $982.00 a month and if they exercise their Option, I’ll get $146,854.63 (minus the $20,000 Option fee) equals $126,854.63 cash along with any pay down during their Option period.
Ruben Helo
Property Management fee
1 February 2024 | 16 replies
do you have a tech fee or setup fee at all or just straight 25%?
Stephanie V.
House swap (permanent)
4 February 2024 | 9 replies
You can save Realtor fees (maybe) but you need a good RE attorney to make sure you're covered legally...http://besthouseswap.com/https://propertyswap.net/
Kevin Kramer
Should I sue my former contractor?
5 February 2024 | 13 replies
I know this is not what you want to hear, but $30,000 claims are rarely worth the pursuit when considering the legal fees involved.