Nic DeAngelo
Going Broke on Inspections
11 August 2011 | 8 replies
He has exactly the same Mk 1 Mod 0 standard issue eyeballs I do, and I can guarantee I've renovated more houses than the standard issue inspector.
Gary Hazard
Putting houses under contract but the seller is already working with a realtor
14 August 2011 | 11 replies
In terms of drops I am not talking every 30 to 60 days.I am talking every 3 to 4 days or 1 week max.If this was a property needing a bunch of work I wouldn't overprice it when listing it.If the seller wasn't realistic I wouldn't list the property.I have over a thousand investors in my database built up over the years.It is guaranteed that when I take the listing only when priced right and market it I will not need a wholesaler.I will easily land a direct investor or buyer for purchase.The more people you have in a chain the more complex the deal gets.I like to keep it simple,control it,and close it.The point I was making before is if a property is listed at 80,000 and the investor offer is 40,000 then for the seller simply reduce 1 to 2 times every week until an offer comes in.It doesn't do harm to list it a little high to start out for the first week or two but then you have to reduce ahead of the curve to sell quick.Banks do this all the time.When I list a commercial short sale it is very rare for a bank to take the first offer.If I have it listed at 400,000 and the payoff is 1 million.I might get 5 offers in.One at 380,420,460,540,410 etc.That market value isn't the loan balance but what current sold comps are.By the asset manager reviewing price and terms of each offer and the net the bank sees that the property has had full exposure and here is the top of the value they can extract for the file.The asset manager then shows the supervisor,director etc. to get final approval.While it is true a seller has holding costs they have to weigh the price offered versus what they could get if they hold out a little longer.Banks sell thousands to tens of thousands of properties a year so they know how to extract top dollar for a property.Sometimes you get lucky and land a new asset manager or buy at the right time of the year when banks want to dump the property.
Kyle Meyers
Standard Cleaning Charge
8 September 2011 | 1 reply
Now, if they just grabbed their stuff and moved without so much as picking up a broom or sponge, then they would be charged for cleaning commensurate with what it cost me to get the place rent-ready again.I imagine if you place a standard cleaning fee into your lease and the tenant realizes they're paying for it regardless how the place looks like on move-out, then I guarantee they're not going to pick up that broom or sponge and just leave it as is.I rather give them the option.
Ryan Daley
Newbie from South Georgia
18 December 2018 | 11 replies
You are guaranteed to see Wildlife and I've never been without seeing multiple gators.
Account Closed
Please 'splain it to me like I'm 12 years old.
2 December 2008 | 46 replies
An "FHA" loan is a loan guaranteed by the Federal Housing Administration of the United States Department of Housing and Urban Development (HUD) through its "mutual mortgage insurance" program.
Topher Edwards
Hello and Thank You from Portland, Oregon
13 February 2009 | 21 replies
If you've read any of these threads, you'll note that this is not a hard and fast RULE purported by this website, but a guideline that some of its members use to determine a property that is guaranteed to cash-flow.
Paul L
Kiwi 'lost' in Dayton OH
16 January 2009 | 11 replies
Even if rents keep pace with headline inflation that doesn't guarantee that rents will keep pace with expenses.
Dan Brouillette
How important is a Dunn and Bradsteet Number?
23 October 2009 | 7 replies
Commercial banks also will want personal guarantees for loans to LLCs and Corporations.
Jeff Tumbarello
A look at 4 banks, "All is well"
23 January 2009 | 4 replies
pid=20601087&sid=afMSUt4Ty8KE&refer=worldwide Jan. 23 (Bloomberg) -- Citigroup Inc. sold $12 billion of notes guaranteed by the Federal Deposit Insurance Corp. as Chief Executive Officer Vikram Pandit tries to bolster capital and save the bank from insolvency.
Daniel Hart
I can't get bank loans, but I can get credit cards for a purchase... Should I?
31 January 2009 | 19 replies
Good point, business cards will not show up on your personal credit report, but they do typically require a personal guarantee in which case if you ever had a late/missed payment they would ding your personal credit as well.