Kay S.
Closing Costs for Seller Financing?
15 December 2024 | 6 replies
For costs, you’ll typically need to budget for title insurance (usually around 0.5%-1% of the purchase price), attorney fees (varies but can range from $500-$2,000 depending on the complexity), and closing costs (might include recording fees, escrow fees, and other admin costs—generally $500-$2,000).
Christian Pichardo
New Investor in TROUBLE - Carrying costs since April 2024
27 December 2024 | 34 replies
.- Good luck getting them to pay their portion for the duration of their lease- Be careful including utilities in the rent as they then won't care about a running toilet resulting in a $500 water bill.- S8 tenants don['t want to pay application fees- S8 tenants cry broke about paying security deposits- S8 tenants in the program for 10+ years claim ignoreance on filling out their paperwork because they've learned a desperate landlord will do it for them.If you want a S8 tenant, you MUST advertise on www.AffordableHousing.com
Cheryl A.
Has anyone invested with Djuric Family Office aka Blake Capital Group
9 January 2025 | 30 replies
Some of my frustrations include:- Zero transparency on where my funds were being invested.
Fareen E.
Refusing a Tenant Prospect Before Showing/Application
13 January 2025 | 31 replies
From google: “The Fair Housing Act (FHA) does not apply to certain types of rentals, including: Owner-occupied buildings: If the building has four or fewer units and is owned by the person who lives there Single-family homes: If the owner rents or sells the home without using a real estate agent, and they own no more than three homes Religious organizations: If the property is only available to members of the organization's religion Private clubs: If the property is only available to members of the club Senior housing: If the property is designated for people who are at least 55 years old Even if a property is exempt from the FHA, it must still comply with the law's ban on discriminatory statements, notices, or advertising.
Blake Kirby
1031 Exchange Phoenix vs L.A.
21 December 2024 | 6 replies
This list includes a few:Lucid Motors with 2,200 jobsSilicon Valley Bank with 300 jobsRaytheon Missile Systems with 1,000 jobs in Southern ArizonaMicrosoft Datacenters with 1,100 direct and indirect jobsCarMax with 430 jobsInfosys with more than 1,000 jobsAnd Hopebridge Therapy Centers with 650 jobsOn behalf of the Arizona investing community, I invite you to plan a visit here and see what's going on for yourself!
Brendan Duggan
Private Lender in inaugural year!
13 December 2024 | 4 replies
For selling performing notes, companies like Mission Capital or Watermark Capital Partners specialize in purchasing notes, including DSCR-based ones.
Greg Weber
Has anyone done business with this company or person
19 December 2024 | 37 replies
Please include this subject line " (your name/date/subject)" and I'll respond directly to it.
Leon G.
Getting out of the rental business after 10 years
10 January 2025 | 67 replies
Multifamily doesn't need any more pressure/demand since cap rates can really get low when too many people pile in, but I have to say that commercial real estate (including large MF) and other types of passive investing (mobile home parks, storage, etc.) can really make like much easier.
Anna Granofsky
Shared Housing Advice
18 December 2024 | 6 replies
I need advice for creating the lease to include guidelines and wording on sharing responsibilities in the common areas.
Brett Riemensnider
Claiming Expenses on SMF During Tax Season
11 December 2024 | 6 replies
Deductible expenses include a proportional share of mortgage interest, property taxes, insurance, utilities, and repairs.