Matt Hurley
Should I use a commercial loan for my first property?
14 December 2018 | 5 replies
Both have high credit scoresProperty Goals: Positively contribute to the growth and recovery of SE MichiganThe Property: Type: Quadplex with Attached Commercial unitLocation: SE Michigan, 20 min commute from either Detroit or Ann ArborAsking Price: $269,000Repairs: $20K max (tear down of a barn that needs to happen within the next 5 years and maybe a kitchen rebuild)Approach: House Hack for 1-2 yrsProperty Income: $517/mo. after expenses while house hacking, $1,017/mo. after I leaveCash on Cash ROI: 15.9%Numbers I used to calculate this: ARV $269k (to be super conservative), $3k closing cost, $20k repair, 20% down with a 4.8%APR amortized over 30yr., Taxes $7779/yr.
Rick N' Heather
How do we correct the County Records on our new rental house?
14 December 2018 | 4 replies
Background - It's a 3 bdr /2 ba /2 car attached single story home reported at 1,630 sq ft. built in 1982 in the San Antonio, TX area.
Michael Williams
Calculating Real Estate Plus Land
7 March 2015 | 1 reply
I have been coming across many properties with 2 or 3 three lots attached to them.
Account Closed
Strange FHA Loan Eligibilty Question
8 March 2015 | 9 replies
you could lease the building from her at $840 mortgage payment and sub lease the building to the tenant .This would show as income but as mentioned the mortgage would not be attached to you
Brian Hanson
Subdividing primary residence/capital gains tax question
10 March 2015 | 2 replies
Attach them all together and have them close simultaneously.
Suzanne Storz
Which Marketing Material is King?
12 March 2015 | 17 replies
I'm leaning toward the postcards, but the pens offer me a chance to physically hand the pen to a prospective client, attaching a face & personality to the name.By the numbers:I'm looking at 200 pens for roughly $70 vs maybe 2000 postcards for roughly $300+ postageAny input is appreciated!
Jarred Black
Critique My Deal, Using Seller Finance on This Rental
11 March 2015 | 1 reply
ok, on paper it looks good, see attached calculations I made.
Jacob Zylstra
Option to Purchase vs PSA
10 March 2015 | 3 replies
Also, if wholesalers are operating with integrity and being upfront with the homeowners, why not just enter into an option to purchase agreement with a form PSA attached as an exhibit?
Jered Sturm
I LITERALLY flipped this house! (video & pictures)
12 March 2015 | 6 replies
@Jered SturmNice job attaching the GoPro to the house.