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16 June 2015 | 17 replies
For them to have the eviction lifted they have to:-Pay the full rent due-Pay the late fee-Pay the eviction filing fee $85 usually.Not to sound like a punk, but this is one area that we don't play around with, we take it seriously & express to tour tenants that they should as well.
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15 June 2015 | 13 replies
What I mean is that IF at some point in the future, there are no more flips, the company start to hold on to the properties and not selling off any of them, so when held longer than 1year, the capital gain tax then comes to play.
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10 December 2015 | 23 replies
Instant gratification plays big in our society.
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19 June 2015 | 16 replies
And I'm sure the winter weather plays a big part be it rental property or flip projects.
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18 March 2016 | 18 replies
I would have paid all cash on the deal I am closing on (I could cancel the loan but I told the lender Id use them and I don't like to go back on it).Now I still have idle money and am paying points and interest on a deal when I thought Id have more of the money in play and more deals.
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16 June 2015 | 6 replies
It would probably affect you right away--the local authorities may require you to correct the situation as soon as you take possession (so you can't even continue renting).
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17 June 2015 | 12 replies
You can take out one loan for a 4-flatyou can bake in maintenance costs into the rent for the other 3 units (depending on the property and location)if you play it right, the other 3 units will cover all PITI payments for the entire 4-flatBONUS: you can then save whatever you're currently paying for rent, and after 12 months, turn around and buy an out-of-state SFH - then you're renting out 4 units in a 2 year timeframe.
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16 June 2015 | 3 replies
I have a 4 storey commercial office building in another country and 2 storeys out of 4 storeys were vacant.We had 2 sub meters installed, whatever the electricity bill came from authority, we would look at the sub meter readings and divide accordingly.
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17 June 2015 | 19 replies
The flame was just recently reignited and I'm fighting the urge to over analyze everything daily and I have to say that BP has played an incredible role in my action thus far and for that my future success will be forever indebted to both Josh Dorkin and Brandon Turner and the countless other seasoned investors imparting all their experiences with us.My REI goals are to focus initially on building my wholesaling business and build an incredible marketing system that allows me to do 1 to 2 deals a month until I can save and reinvest enough capital to be able to turn my strategies to fix and flips and ultimately build an incredible RE portfolio that brings in enough cash flow every month that will replace my income for my full time job so that I could focus that 240hrs/month on my REI business and to continue in my pursuit in attaining my Doctorate in Nursing.
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12 June 2017 | 27 replies
Play the long game...my two cents.