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24 May 2024 | 5 replies
Overall, the state is quite overpriced, mostly due to the Texas hype.Based on your description, I would guess you are looking at a purchase price of $325K and rental of $2000 or so.
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21 May 2024 | 10 replies
What states and regions of states have you found success in?
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23 May 2024 | 3 replies
You get the properties in escrow and get the drawings while you are in escrow (site visit) then draft the drawings to get to the city the day you close.
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23 May 2024 | 11 replies
I have a comprehensive lease with all my tenants that states they must pay for utilities but not specifically that it will be divided exactly like this.
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24 May 2024 | 10 replies
We don't know what program they applied for or even what state you are in.
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26 May 2024 | 28 replies
They need "crash-pads" when they are in their (domicile) city and will typically not be there because they are flying all the time.
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22 May 2024 | 7 replies
You stated, foreclosed, so it implies the public auction occurred and that the auction now is an attempt by the owner to sell an REO.
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24 May 2024 | 6 replies
This house currently has no renter though they are actively looking to put one in the home.House 5. rents for $725/m the loan will cost me $13,000 as a down payment and $6,000 closing costs, and should cash flow approx $275/m after mortgage payment are made.House 6. rents for $725/m the loan will cost me $14,000 as a down payment and $6,000 closing costs, and should cash flow approx $250/m after mortgage payment are made.To be able to make this down payment I have the option to:HELOC my current home which cost me about $850/m in repayments OR I can find a hard money lender who would be interested in working with me, I am currently putting together a hard money lender proposal to show a couple family members that would basically look like this: No repayment in the first 12 months, all income going into an account to allow for repairs and emergencies, after that taking the cash flow and splitting it 75/25 to the lender paying it off in approximately 13 years, sooner if we can make extra payments on it and giving the lender an 8% return on his money(about .5% less than what I was quoted for my HELOC).ORI can potentially do a deal with my brother who is also looking to get into real estate and we split the properties 3 a piece.These properties are right outside of a military base in a low income city but have done well for the family currently owning them with consistent long term renters in them.I am looking for any advice as to whether or not this is a deal worth pursuing.
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23 May 2024 | 3 replies
@April Eilers My septic inspector always tells me there’s no septic police in our state.
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24 May 2024 | 2 replies
I know the rules for Owner move in state that: "The existence of a vacant comparable unit in the building which is also suitable for owner-occupancy is a factor demonstrating possible intent tocircumvent the Rent Stabilization Ordinance [RAC Regulation 613.04] ".