Mike Cavaluzzi
Worth The Hassle? - Keeping First Home, Buying Second - Financing
24 August 2017 | 0 replies
Here is the summary of my situation that requires creative thought:Location: DC Suburbs (Clifton, VA)Original sale price: $300KOriginal mortgage: $240K ($60K down)Money spent rehabbing property since 2008: $70KTotal cash invested: $130KCurrent sale price (based on comps): $430KAmount owed on mortgage: $208KPotential cash generated from sale: $($222K, not including transfer costs)Estimated Monthly Rent: $2,200Current Monthly Payment for M/T/I: $1,300 *Biggest yard and likely one of the most updated homes in a desirable community where "average days to sell" is less than 14.Now the issues:Need $100K-$150K out of the house (or via investment) in order to put down-payment on next home, which will be primary residence (probably a $600K home).I've plugged numbers into every rent-or-sell calculator out there, but always feel like I'm missing something big.
Harris L.
Understanding Slightly Complicated 1031 Exchange
29 August 2017 | 7 replies
US property may only be exchanged for other US property and a very few exceptions of territories that include the USVI, Guam, and American Samoa (but not Puerto Rico).
Jeremy Michiels
Buying from wholesaler for rent
27 August 2017 | 2 replies
Any recommendations on any conditions/contingencies to include in the offer?
Will H.
Transferring a non-performing note
26 August 2017 | 13 replies
As of January 1, 2013, it explicitly added debt buyers to be included under the act.If this is true, is there anyway around it?
Michael Zack
Discrimination? How to prevent it.
11 September 2017 | 33 replies
These include, but are not limited to: residentially zoned land and house lots; three family homes; apartments and tenement houses; multi-family dwellings and housing developments; publicly assisted housing; and, single and two family residences intended for sale.All commercial space, for sale or for rent, and all land intended to be put to commercial use are covered by M.G.L. c. 151B, s. 4.(4) Property Not Covered By M.G.L. c. 151B, s. 4.
Account Closed
Best option for financing a short sale
25 August 2017 | 1 reply
Borrower makes request to lienholder to consider short sale...lienholder provides borrower instructions on what to do for the lienholder to consider shortsale request...borrower (Seller) does what lienholder tells them to do and when they have all of their stuff (Purchase agreement, MLS listing, bank statements, tax returns, and/or whatever else the lienholder needs/wants) they give it to the lienholder to review and either approve, counter or deny the shortsale request.Your purchase agreement should include as much protection as possible for you in case the deal doesn't close.
Kevin Wiley
Seeking contacts in Cleveland area (Cuyahoga County)
30 August 2017 | 3 replies
I invest near Euclid and have a couple contacts out that way, including a great agent.
Jared Cauffield
Help! Tenant in Bankrup
30 August 2017 | 13 replies
It's meant to stop harassment from collection agencies calling at all hours of the day and night, but it also stops pending lawsuits too, including a pending eviction case.
M.C. Nachtigal
Demanding tenants want a lot of improvements
24 August 2017 | 5 replies
Soon after they moved in we made the mistake of trying to be "good landlords" and accommodated some of their requests, including a new bathroom fan.
Balazs Sipocz
"Contractor's fee" percentage in a fixed price remodel contract?
8 September 2017 | 5 replies
Your contract Should have a very defined detailed scope of what is included, and what is not.